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Banks to plead guilty over forex rigging

Barclays and Royal Bank of Scotland are set to plead guilty this week to charges of rigging the foreign exchange market, with fines running into almost £3bn. The two banks are among the institutions that have been under investigation of manipulation of currency benchmarks since 2013. The Sunday Times reports both are set to accept substantial […]

Scottish Widow

Scottish Widows sells offshore business to RL360

Scottish Widows has sold its offshore life business Clerical Medical to investment group RL360. Clerical Medical has been running as a closed business since March 2012 after Scottish Widows parent Lloyds Bank moved to refocus on core UK banking and insurance operations. The business consists of around 24,000 policies, with over £5bn assets under management, […]

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Tilney Bestinvest records £17.7m pre-tax profit

Tilney Bestinvest has recorded £17.7m in pre-tax profits for the 12 months to December 2014 on a pro forma basis, the newly-merged company reported today. The combined Tilney Bestinvest business, which merged in August 2014, currently has £9bn in assets under management, up 76 per cent from the £5.1bn Bestinvest held at the end of […]

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Life! It’s a risky business

By Denise Wond, Marketing Relationship Manager There’s no avoiding the fact that life can be a risky business. You have only to tune into news reports to see how easily, and unexpectedly, life can be turned upside down. In my experience, the older I get the more often I come face to face with those […]

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