All articles by Verdict Staff
Verdict Staff
SEC launches enforcement cooperation initiative for municipal issuers and underwriters
The Securities and Exchange Commission has announced a new cooperation initiative out of its Enforcement Division to encourage issuers and underwriters of municipal securities to self-report certain violations of the federal securities laws rather than wait for their violations to be detected.
Equity, commodity hedge funds lead strong February performance gains: HFR
Hedge funds posted strong gains in February as equity, commodity and fixed income markets recovered from the prior month’s volatility, despite continued turbulence in Emerging Markets, according to data released by HFR.
Tullett Prebon opens new office in Dubai
UK-based interdealer-broker Tullett Prebons alternative investments (AI) team has opened a new office in Dubai to serve clients in the Middle East market.
State Street creates teams dedicated to supporting new alternative fund structures
State Street Corporation has announced the appointments of two senior executives to its Alternatives Investment Solutions’ (AIS) North American Private Equity Fund Services team.
SEC charges five executives and finance professionals behind fraudulent bond offering
The Securities and Exchange Commission has charged five executives and finance professionals with facilitating a US$150 million fraudulent bond offering by Dewey & LeBoeuf, the international law firm where they worked.
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Summit Bank launches first Islamic banking branch in Karachi
Pakistan-based Summit Bank has launched first Islamic banking branch in Karachi, as part of its strategy to convert the entire traditional banking into Islamic banking within the next three years.
TheCityUK appoints chairman of Advisory Council
TheCityUK has announced that the former Trade and Investment Minister, Lord Stephen Green of Hurstpierpoint, has been appointed as the new Chairman of its Advisory Council.
Investec Wealth & Investment reports no crisis in China
by Alexandra Capik
Increasing negative investor sentiment toward China is overshadowing a number of stronger positives and long-term investment prospects, according to Investec Wealth & Investment (IW&I). The negative response is mainly due in part to reports centring around Chinas unprecedented growth, huge debt, corruption, unreliable statistics, growth slowdown, and massive size, which could be a problem for the global economy if something were to go wrong.
Millennials are cautious banking customers: TD Bank
TD Bank has announced the results of the TD Bank Financial Education Survey focusing on millennial banking habits, which revealed that these young adults take few risks when it comes to managing their money.
HSBC GAM appoints new global head of client segments
HSBC Global Asset Management (HSBC GAM) has appointed Simon Ellis to the new newly-created role of global head of client segments.