Macro Views | 16 Jun 17
Gulf nations push up interest rates after Fed move
Saudi Arabia and the UAE, along with Qatar, Bahrain and Jordan have raised interest rates in line with this week’s decision by the US central bank to hike its Federal funds rate by 25 basis points to 1.25%.
Tax & Regulation | 16 Jun 17
IoM’s New Earth boss slams regulator probe a ‘witch hunt’
John Bourbon, the former director of Isle of Man-based Premier Group, the company behind the ill-fated £300m New Earth Group of funds, has described the regulator’s decision to investigate allegations of mis-selling against the fund manager “something of a witch hunt”.
Guernsey regulator fines and bans directors for incompetence
Two current and one former director of Guernsey-based Capital Solutions Limited have been fined and banned by the island’s regulator for serious lack of competence and judgment.
Indosuez Wealth Mgt to buy Singapore and HK private bank
Indosuez Wealth Management has started exclusive discussions with Credit Industriel et Commercial to acquire its private banking operations in Singapore and Hong Kong.
Aussie advisers to help foot the bill for industry regulator
The Australian Government has approved an industry funding model that will see retail financial advisers pay at least A$1,500 (£890, $1,136, €1,012) each to fund the Australian Securities and Investments Commission (Asic).