All articles by Verdict Staff
Verdict Staff
SEC approves FINRAs rules for enhanced price disclosure on retail transaction
The Financial Industry Regulatory Authority (FINRA) has received approval from the Securities and Exchange Commission (SEC) for its proposal that requires its member firms to disclose on retail customer confirmations the mark-up or mark-down for most transactions in corporate and agency debt securities.
British Virgin Islands hits Mossack Fonseca with $440,000 fine
The British Virgin Islands (BVI) has fined law firm Mossack Fonseca $440,000 – the biggest fine in the territorys history – following a probe into Panama Papers leaks.
FCA finds weak price competition in UK asset management industry
The Financial Conduct Authoritys (FCA) interim report on the UK asset management industry has found that there is limited price competition for actively managed funds, which result in investors often paying high charges.
Equity outlook after a year of volatility: Standard Chartered
Clive McDonnell, head of equity strategy, Standard Chartered Private Bank, looks at a forecast for equity markets in 2017
Manulife, Standard Chartered establish MPF distribution partnership in Hong Kong
Manulife International has established 15-year mandatory provident fund (MPF) distribution partnership with Standard Chartered Bank (Hong Kong) to serve the retirement needs of customers in Hong Kong.
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Lombard International names Latin America head
Lombard International, a provider of wealth structuring solutions for high-net-worth individuals, has appointed Andreas Meier as head of Latin America.
Optimism rising among wealthy investors after Trump victory
Optimism is increasing among high net worth and ultra-high net worth investors after the victory of Donald Trump in the recent US presidential election, according to a report by UBS Wealth Management Americas (WMA).
European Commission forms task force to boost fintech innovation
The European Commission (EC) has created an internal financial technology task force to assess and make the most of innovation in this area and develop strategies to address the potential challenges that fintech poses.
Banco Santander to buy back asset management unit; explores Allfunds sale
Spanish banking group Banco Santander has agreed to buy back a 50% stake in its asset management arm from US private equity firms Warburg Pincus and General Atlantic for an undisclosed sum.
Investecs wealth & investment unit H1 operating profit rises 14%
Investec’s wealth & investment arm has posted an operating profit of £43.2m for the first half ended 30 September 2016, an increase of 14.1% compared to £37.9m a year ago.