OCREUS Group

HSBC Refocus with a much Smaller Future

We are much clearer about HSBC’s future this morning after interim chief executive Noel Quinn unveiled the bank’s widely anticipated restructuring plan. Gone are the global ambitions and with it tens of thousands of jobs. HSBC will become a smaller, Asia-focused, commercial and retail lender. The investment bank will shrink significantly and resources in Read more…

ACDs come under FCA review

The FCA has launched its probe into authorised corporate directors (ACDs) on the back of the Woodford scandal. Wealth Manager revealed in November that the body was understood to have paid visits to a number of ACDs as part of the investigation, though it declined to comment at the time. The FT reported that Smith Read more…

More Mini Bond fears

It’s reported that residential property developer Blackmore has missed a third interest payment deadline on its minibond, raising fears about the safety of more than 2,000 investors’ money. The company, which is understood to have raised more than £25 million from the retail market for the unregulated investment, again failed Read more…

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