All articles by Verdict Staff
Verdict Staff
Lloyds to cut 645 jobs, predominantly from wealth business
Lloyds Banking Group is set to reduce its work force by terminating 645 jobs across its wealth management unit and HR function, as a part of its cost-cutting drive.
Investor sentiment up in Q1 across Asia: Manulife
Investor sentiment across Asia rose in the first quarter of 2014, buoyed by equities and mutual funds, along with a rise in optimism among investors in Malaysia, Indonesia and China, according to new research from Manulife.
US seeking over US$5 billion in fine from BNP Paribas over sanctions violations
The US regulators are seeking over US$5 billion in penalties from French banking giant BNP Paribas over their alleged violation of US sanctions on Iran, Sudan and other countries.
Siebert Financial establishes new investment management division
Siebert Financial has established a new investment management division, Siebert Investment Advisors (SIA), as part of its plans to expand into the financial planning business.
Markit partners with Genpact to launch new KYC service
Financial data provider Markit has partnered with business process management company Genpact to launch a new know-your-customer (KYC) service for client on boarding and to help banks outsource their compliance functions.
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MAS takes civil penalty action against Koh Huat Heng for insider trading
The Monetary Authority of Singapore (MAS) has taken civil penalty enforcement action against Koh Huat Heng for insider trading under Section 219(2)(a) of the Securities & Futures Act (SFA).
Hard work key factor in creating wealth: Spectrem research
Hard work’ was chosen by over ninety percent of Millionaires, however, only 86% of millionaires under the age of 45 made that selection, during Spectrem Group’s study Changing Investor Attitudes and Behaviors.
SEC exposes $3.8 million Sarasota Ponzi scheme
The Securities and Exchange Commission has charged a Sarasota, Fla.-based private fund manager with defrauding investors in a Ponzi scheme that ensued after he squandered their money on bad investments and personal expenses.
Brewin Dolphin appoints former Goldman Sachs director to board
British wealth manager Brewin Dolphin has appointed former Goldman Sachs Asset Management International director Caroline Taylor as a non-executive director.
HD Vest Financial launches 1040 Analyst tool for advisors
HD Vest Financial Services has launched its new proprietary 1040 Analyst tool for its affiliated advisors.