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Mutual funds a poor price for UK investors


23 March 2012 UK and US
Reporter: Georgina Lavers

UK investors can pay double the price that US investors do for mutual funds, with worse returns due to hidden fees of up to 拢18.5 billion a year...
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Shadow banking and repo explored by ERC


23 March 2012 Zurich
Reporter: Georgina Lavers

ICMA鈥檚 European Repo Council (ERC) has published the white paper: 鈥楽hadow banking and repo鈥�, which explores concerns raised by regulators about shadow banking and its relation to the European repo market...
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State Street to launch new product Fund Insights


22 March 2012 Boston
Reporter: Georgina Lavers

State Street is to launch the Fund InsightsSM Valuation Toolkit, the first in a set of solutions aimed at efficiently providing industry insights for fund managers...
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Hartford Financial Services sells broker-dealer business


22 March 2012 Connecticut
Reporter:

Hartford Financial Services group has shut down its annuity business, pursuing a sale or other options for its individual life insurance, retirement plan and broker-dealer businesses...
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BofE warns insurers on shadow banking


19 March 2012 London
Reporter: Georgina Lavers

Creating a trade repository for recording transactions would ensure insurers do not act like shadow banks, said BofE鈥檚 Paul Tucker...
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UK to train Nigerian stockbrokers


19 March 2012 Nigeria
Reporter: Georgina Lavers

The Chartered Institute of Stockbrokers (CIS) will send some of its members from Nigeria to the UK for training on securities lending, in preparation for the opening of the Nigerian Stock Exchange...
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$8 million stock fraud in California


16 April 2012 California
Reporter: Georgina Lavers

A charge of defrauding $8 million from directors in an elaborate stock-lending scheme has been leveled at Argyll Investments by the SEC...
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Major clean-up for Penson


15 March 2012 Dallas
Reporter: Georgina Lavers

Penson Worldwide is looking to reduce its debt of $176 million through exchange offers for its debt holders...