Big fines lie ahead predicts Bovill wealth and private banking principal 08:03 GMT Big fines and reprimands for compliance issues still lie ahead for wealth management. Mark Spiers, principal, head of Wealth Management and Banking at consulting firm Bovill, told thewealthnet he feared it would be three years before the sector closed the gap between UK regulator's expectations and reality.
JP Morgan private banking securities sales 'investigated by SEC' 11/08/2014 The US Securities and Exchange Commission is investigating whether JPMorgan Chase & Co inappropriately directed private banking clients to its own investment products and away from those offered by outside firms, the Wall Street Journal reported, citing people familiar with the matter.
Deutsche Bank hires lawyer to lead regulatory reform 06/08/2014 US-Swiss lawyer Nadine Faruque has been appointed by Deutsche Bank to head a reform of its regulatory compliance practices after a long list of investigations and potential settlements that have beset the bank since the financial crisis.
Bedell Trust to provide depositary services from London and Jersey 01/08/2014 Jersey-based Bedell Trust has received regulatory approval and a variation of permission from the Financial Conduct Authority (FCA) to provide depositary services to UK Alternative Investment Funds (AIFs) as well as "depositary-lite" services to non-EEA AIFs from its London office.