BISCOM News
Gong Hey Fatt Choi.
It's the last working day before Chinese New Year. So we're off for a few days. See you on 27 January.
And may the Year of the Dragon bring peace and prosperity to all our readers.
Happy Easter from The Anti Money Laundering Network
We wish all of our readers a Happy Easter. We're off until Tuesday 26th April.
Hope you have an eggstra good time.
Data protection : EU takes aim at financial institutions - domestic and foreign
The European Union is planning an overhaul of its data protection law which applies in all EU countries. High on its list of priorities is an intention to provide users of websites to have more control over their personal information, how it is used and how long it is retained for.
Speech: UK Chancellor on the future economy
UK Chancellor George Osborne spoke yesterday on the future of the UK Economy in a speech called "Building the economy of the future." He's cautiously upbeat.
Happy Easter from BankingInsuranceSecurities.Com
A very happy Easter to all our readers. Our offices are closed today.
US states take action against "ID Theft" protection company
35 US states have taken action against LifeLock Inc alleging that it mistated and overstated the identity fraud protection services it offered.
Due diligence: dodgy documents fool many
The story of the fraudulent (or fake, depending on which representative of the UK Government is making a statement) passports used by (alleged) Mossad agents to enter Dubai just one aspect a wider documents problem.
M&A: PNC sells servicing unit to BoNY-M
The PNC Financial Services Group, which came to international attention when it took over Riggs Bank in the wake of the allegations that the latter's due diligence processes were defective, is to sell PNC Global Investment Servicing to Bank of New York Mellon for USD2,300 million in cash.
Class action against trustees for poor investment decisions
A County Court judge in Michigan, USA, has approved the issue of a class action suit by members of a pension scheme in which it is alleged that the trustees of the scheme have lost the fund USD100 million as a result of ill-advised investments.
Reputation: ING and Mutua Madrilena pull away from Renault F1
It is often said that the only true differentiator between financial services groups is their reputation. Companies spend millions on making sure that their image is presented just so. Two major financial groups have decided that their images are tarnished by the finding that the management and a driver with the Renault F1 team, which prominently bears their logos, cheated and, worse, did so in such a way that lives and property were put at risk.