News
China’s wealthy send $172bn offshore in three years
A “staggering” $172bn in Chinese funds have been deposited offshore by non-bank institutions in just three years, according to a report by Knight Frank.
MP brands Blackrock ‘schizophrenic’ over Carillion
Blackrock has defended itself against charges from a parliamentary select committee that it was “schizophrenic” in its holdings of Carillion, taking both long and short positions.
Panama Papers help S Africa disclosure scheme hit ZAR3.3bn
South African taxpayers have fessed up to unauthorised foreign assets and income worth ZAR3.3bn (£200m, $278m, €224m), some with links to the Panama Papers, under the country’s special voluntary disclosure programme (SVDP).
Aviva fires up Hong Kong joint venture with Tencent
Aviva Asia will launch a Hong Kong joint venture in the first half of 2018, as the group shifts its investment focus to high growth markets.
Wealth adviser expands in Spain with two offices
The wealth division of Credit Agricole has launched a big push into Spain with two new offices and senior recruits who all join from Deutsche Bank.