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Goldman Sachs opens up to mass market

Goldman Sachs is opening up to the mass market by offering online savings accounts to anyone with more than $1. The Financial Times reports the bank launched GSBank.com last week, via a platform it took over by buying a $16bn (£11bn) deposit book from GE Capital. Goldman Sachs chief strategy officer Stephen Scherr says the […]

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FCA questions 44 more firms about Panama Papers

A further 44 financial services firms have been required by the FCA to complete urgent reviews to address possible ties to the law firm at the centre of the Panama Papers scandal. The firms were required to report back to the regulator last weeK. Earlier this month, the FCA wrote to around 20 firms, giving […]

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Govt banks £350m in lifetime allowance charges

The Government has collected £353m in tax charges paid by people breaking the lifetime allowance limit, leading to renewed calls to scrap the penalty. A freedom of information request submitted to HMRC by AJ Bell, and seen by Money Marketing, reveals £352,888,336 has been paid between 2006/7 and 2014/15. The annual take from the measure […]

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Cameron to defend inheritance tax planning

Prime Minister David Cameron will reportedly set out a robust defence of the right of parents to pass money to children today, after a weekend of pressure over his own finances. Cameron published a statement of his tax affairs since 2010 yesterday, in a bid to draw a line under claims he had profited from […]

Europe: banking on a recovery

Neptune video: Europe — banking on a recovery

Arguing that the eurozone crisis is over, watch Rob Burnett, head of European equities at Neptune, discuss the sectors that he’s investing in to harness the recovery. 

In the video, Burnett addresses the following: 

• The primary drivers of the eurozone’s economic recovery
• The turnaround in individual countries’ current accounts
• Sectors best positioned to harness the recovery, without offering undue exposure to risk

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