Aussie Banks: Fees For No Service

The Australian Securities and Investments Commission has released an update report on their work to address financial institutions' and advisers' systemic failures, over a number of years, to provide ongoing advice services to customers who paid fees to receive those services.

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Guernsey to Show Expertise in Singapore

For the first time ever, Guernsey Finance, the promotional agency for the island's finance industry, will be pitching Guernsey’s expertise in the investment fund and private wealth sectors in Singapore early next month.

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J.P. Morgan Receives Hefty Fines in Hong Kong

The Securities and Futures Commission in Hong Kong has reprimanded J.P. Morgan Securities and J.P. Morgan Chase Bank for regulatory breaches. The entities were also hit with a substantial fine.

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New Legislation for Financial Advisers in Australia

The Australian Government has announced it will introduce legislation into the Parliament this year to mandate professional standards for financial advisers.

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Private Banking: Who's Next to Go?

The much praised growth market of Asia is quickly turning in a liability for many banks. The Asian business of ABN Amro for instance has been put up for sale. What are the likely strategies of the rivals?

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