All articles by Verdict Staff

Verdict Staff

Monaco ratifies OECD’s multilateral tax convention

Monaco has ratified OECD’s Convention on Mutual Administrative Assistance in Tax Matters, an agreement aimed to curb cross-border tax evasion.

ANZ hires customer fairness adviser

Australia and New Zealand Banking Group (ANZ) has appointed outgoing Commonwealth Ombudsman Colin Neave to the newly created role of customer fairness adviser.

BlackRock secures licence to invest directly into Chinese domestic capital markets

American fund manager BlackRock has secured its first Renminbi Qualified Foreign Institutional Investor (RQFII) licence from the China Securities Regulatory Commission.

Liontrust to snap up Alliance Trust Investments

Fund manager Liontrust has agreed to acquire the entire issued share capital of Alliance Trust Investments (ATI), the investment management arm of Alliance Trust, for £30m.

The end of austerity, the beginning of Reaganomics 2.0

Brexit and Trump. Two landmark events in 2016 point to a change in economic policies going forward: away from monetary policy to concerted fiscal stimulus and infrastructure spending. The largest economy in the world, the US, is ploughing ahead and taking global rates and the world’s reserve currency along with it, writes Chief Strategist and Head Research at Julius Baer, Christian Gattiker

Van Lanschot closes acquisition of Staalbankiers’ private banking activities

Dutch private bank Van Lanschot has concluded the acquisition of the private banking activities of Staalbankiers.

Intesa SanPaolo fined $235m in US for breaching anti-money laundering rules

Italian banking group Intesa SanPaolo and its New York branch has been fined $235m by New York’s Department of Financial Services (DFS) for flouting anti-money laundering and bank secrecy laws.

AxiomSL: Outlook 2017 – raising the bar for regulatory compliance

Ed Royan, COO, EMEA at AxiomSL looks at how regulation will impact private banking in 2017

US Fed adopts rule to prevent government bailouts of large banks

The US Federal Reserve has issued a rule that requires the nation’s banks to hold sufficient debt reserves to resolve in an orderly way without any taxpayer-funded bailout during a potential collapse.

Old Mutual to reduce stake in US asset management unit through share sale

Old Mutual has announced plans to reduce stake in its US asset management arm, OM Asset Management, by selling 13 million ordinary shares through a public offering.