Citigroup Global Markets fined $11.5m for displaying inaccurate research ratings
Citigroup Global Markets has been fined a total of $11.5m by the Financial Industry Regulatory Authority (FINRA) for displaying inaccurate…
Month: December 2017
JPMorgan fined $2.8m for customer protection rule violations
J.P. Morgan Securities has been fined $2.8m by the Financial Industry Regulatory Authority (FINRA) for flouting the Securities and Exchange…
Credit Agricole takes sole ownership of investor services division CACEIS
French banking group Credit Agricole has snapped up Natixis' 15% stake in CACEIS, its investor services arm, for an undisclosed…
BlackRock takes 5% stake in UK wealth management firm AFH
American asset manager BlackRock has bought 1.9 million shares, which equate to a 5% stake, in British wealth management firm…
Fifth Third Bancorp names new wealth and asset management head
Fifth Third Bancorp has appointed Brian Lamb as the new head of wealth and asset management division, replacing Mike Michael…
LLB to buy Austria’s Semper Constantia Privatbank for €185m
Vaduz-based Liechtensteinische Landesbank (LLB) has agreed to acquire 100% of Semper Constantia Privatbank, a Vienna-based private bank, in a cash-stock…
Conning to buy 45% stake in Danish investment manager Global Evolution
US-based investment management firm Conning has agreed to acquire a 45% stake in Global Evolution, a Denmark-based emerging and frontier…
NZX appoints new funds management business head
New Zealand Stock Exchange (NZX) has appointed Hugh Stevens as new head of its funds management business. Stevens will assume…