RBC Wealth Management to exit Guernsey
The full closure could take up to two years
Guernsey
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Stephen Lansdown’s wealth business acquires WH Ireland subsidiary
Ravenscroft secures £662,500 deal with WH Ireland which recently issued a profit warning
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FCA waited a month to respond to Guernsey over Woodford
Exchange says it ‘proactively engaged with the FCA in the spirit of regulatory cooperation’
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FCA criticised for lack of visibility as it breaks silence on Woodford
‘They have a responsibility to maintain confidence in the whole sector’
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HICL to move onshore as tax regime looms
Company reports half-yearly growth ‘ahead of expectations’
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European Wealth discovers liabilities at US acquisition target
Guernsey-based European Wealth Group’s $1.7bn acquisition of US broker Newbridge faces a fresh hurdle despite receiving regulatory approval.
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Chinese conglomerate moves on Guernsey and London fund houses
A Chinese conglomerate with ambitions in the west has acquired a London-based asset manager and its Guernsey-based subsidiary.
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Guernsey funds enjoy year-on-year growth, now worth £230bn
The funds business in Guernsey is now worth £227.6bn ($323.7bn, €288.2bn) – a year-on-year increase of £8.2bn in net asset value, data from the Guernsey Financial Services Commission (GFSC) has revealed.
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Bordeaux Services fined and banned over Arch Cru collapse
The directors of offshore fund administrator, Bordeaux Services, have been fined and banned for five years for their involvement in the collapse of the Arch Cru funds.