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Gledhill joins Axa

Former Henderson director of retail fixed income James Gledhill has joined Axa Investment Managers as global head of high yield and deputy head of credit.


Banks warned to turn away money-laundering risks or face FSA action

The FSA has referred two banks to its enforcement division after spotting a number of serious weaknesses in their systems and controls for managing high-risk customers. In its thematic review of banks’ management of high money-laundering risk situations, published last week, the regulator says it is also considering taking action against other banks. The FSA […]

Biggest banks face extra capital requirements under Basel III

Central bankers and regulators have agreed to impose an extra capital charge of 1 per cent to 2.5 per cent of risk-adjusted assets on the largest banks in a bid to protect them from the big losses that could trigger another financial meltdown, the Financial Times reports. The potential top surcharge dropped from 3 to […]


Three people charged over £10m “ponzi” scheme

Three individuals have been charged in connection with an alleged £10m fraudulent investment scheme. Daniel Hirst of West Yorkshire; Linda Christine Hirst of Surrey and Zoe Waite of Surrey all appeared at Bradford Magistrates Court today in response to a summons in connection with the alleged scheme and were charged with offences under the Proceeds […]


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