Goldman Sachs in talks to shift billions of euros to Frankfurt over Brexit

Goldman Sachs is in talks with the European Central Bank over shifting assets and operations from London to Frankfurt ahead of the UK’s exit from the European Union, Reuters reports. The official line from the US investment bank is that Brexit presents “numerous uncertainties” and it is working through “all possible implications” of the vote. However, […]


Diamond in the rough: Can something good come out of the broken PI market?

The clamour to reform advisers’ professional indemnity insurance is growing as trade bodies and the regulator face up to the fact PI cover is not working for advice firms. Speaking at the Association of British Insurers conference last week, FCA chief executive Andrew Bailey acknowledged advisers’ PI is not adequately covering firm failures. Bailey said […]


Carney: Globalisation ‘has not raised all boats’

Advanced economies must redistribute income if globalisation is to be a success, Bank of England governor Mark Carney has said. In a speech at Liverpool John Moores University, Carney calls on governments to target “inclusive growth” that would see more people benefit from globalisation. Carney says: “To address the deeper causes of weak growth, higher […]


Trump vs Brexit: The looming questions for investors

The investment industry is adjusting to a “new normal” following the shock election of Donald Trump as US president. Fund groups are still digesting what the outcome of the US election means for global market dynamics and whether we are headed for a revolutionary style of politics from the world’s largest economy. Despite initial concerns, […]


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