All articles by Verdict Staff
Verdict Staff
ANZ annual cash profit slumps 18%; to sell Australia, New Zealand wealth businesses
Australia and New Zealand Banking Group (ANZ) has reported cash profit of A$5.9bn for the year ended 30 September 2016, down 18% compared to A$7.2bn a year ago.
Fieldpoint Private bolsters Palm Beach team with new hire
Fieldpoint Private, a US-based wealth advisory and private banking firm, has appointed Catherine Zieman as its managing director and senior adviser.
Canaccord Genuity Q2 revenues up 1.6%
Canaccord Genuity Group has earned revenues of C$193.6m in the second quarter of fiscal 2017, an increase of 1.6% from C$190.6m in the second quarter of fiscal 2016.
J. Safra Sarasin completes acquisition of Credit Suisses Gibraltar operation
Swiss private banking firm J. Safra Sarasin has closed the acquisition of Credit Suisses private banking operations in Gibraltar.
Standard Chartered pre-tax profit slumps 64% in Q3
Standard Chartered has reported statutory profit before tax of $153m for the third quarter of 2016, down 64.4% from $430m in the prior year.
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HMRC probing £1.9bn in potential tax avoidance by British HNWIs
HMRCs specialist unit recovered £416m from 6,500 high net worth individuals (HNWIs) with wealth of more than £20m in 2015-16 and trying to track down estimated £1.9bn owed in taxes from potential tax avoidance schemes, according to a report by the National Audit Office (NAO).
HSBC names chairman of UK ring-fenced business
British banking major HSBC has named Clara Furse as the chairman of its new ring-fenced UK retail business.
Standard Life concludes Elevate platform acquisition
Standard Life has wrapped up the acquisition of Axa’s UK wealth management platform, known as Elevate.
Half of banking customers globally using fintech services
Half of banking customers worldwide are using the services of at least one fintech firm, although trust remains a major impediment to the largescale adoption of these services, according to a report jointly published by Capgemini, LinkedIn, and Efma.
Standard Chartered faces probe by Hong regulator over role in IPO
Standard Chartered said that it is being probed by Hong Kong’s securities regulator for its role as a joint sponsor of an initial public offering (IPO) in 2009.