- HM Revenue & Customs research has found that around £1.5bn of tax relief was claimed by individuals making gifts to charity in 2016, an increase of more than 50% since 2012
- Deutsche Bank has stated that it would like to increase the number of private bankers in its wealth division in London, to target wealthy individuals from Asia
- HSBC Global Asset Management has launched four new global funds – the HSBC Global Equity Income and HSBC Global High Income Bond Funds, and the Global Strategy Conservative and Global Strategy Adventurous Portfolios. The minimum investment for the funds is £1,000 or a monthly sum of £500
- Moola has reduced its minimum investment from £200 to £50 and is also offering £50 to the first 500 investors who sign up to the service in August. Moola soft-launched in beta testing earlier this year, but is now fully up and running
