All articles by Verdict Staff
Verdict Staff
Swiss regulator FINMA asks banks to allocate funds for US fines
Financial regulator Swiss Financial Market Supervisory Authority (FINMA) has advised banks to set aside funds for legal costs associated with an American deal.
MAS reappoint members to the board
The Monetary Authority of Singapore (MAS) has announced that Lim Chee Onn, senior international advisor to Singbridge Private Limited, and Peter Ong, permanent secretary of the Ministry of Finance, have been reappointed to its Board of Directors from 1 January 2014 to 31 May 2016.
Annex Wealth Management expands management team
Annex Wealth Management, a US-based independent financial service organization, has appointed Daniel Brown as its new investment officer.
Nearly 60 Swiss banks participate in US tax program
About 60 Swiss banks have agreed to sign up for a US tax program and work with the officials over a crackdown on wealthy Americans evading taxes.
Investor Confidence rises in December by 4.7 points to 95.9: State Street
State Street Global Exchange has released the results of the State Street Investor Confidence Index (ICI) for December 2013.
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CFTC authorizes SGX-DC as Derivatives Clearing Organization
US Commodity Futures Trading Commission (CFTC) has authorised Singapore Exchange Derivatives Clearing (SGX-DC) as the first Asian Derivatives Clearing Organization (DCO).
France okays Hollandes proposal for 75% tax on high earners
The Constitutional Council of France has approved President Francois Hollande’s proposed plan to impose 75% tax on all salaries exceeding 1m.
Julius Baer appoints head of Lebanon office
Swiss private banking group Julius Baer has appointed John Dagher as head of Lebanon office effective from 1 January 2014.
Northern Trust retained as trustee and custodian for Halifax Regional Municipality
Northern Trust has been retained as named trustee and custodian for the Halifax Regional Municipality Master Trust, which includes two pension plans with combined assets of approximately C$1.35 billion.
Alliance Trust Savings increases advised platform charges by 87.5%
Alliance Trust Savings (ATS) has increased the standard annual charges on its advised platform for 2014 by 87.5% from £48 to £90 for Isas and by 55% from £120 to £186.00 for Sipps.