All articles by Verdict Staff
Verdict Staff
ESMA identifies deficiencies in CRAs sovereign ratings processes
The European Securities and Markets Authority (ESMA) has published a report identifying a number of deficiencies in the processes for producing and issuing sovereign ratings at the three largest credit rating agencies (CRAs), Fitch Ratings, Moody’s Investors Service and Standard & Poor’s.
Santander Asset Management expands European fixed income team
Santander Asset Management has hired former Schroders manager David Scammell as senior sovereign bond fund manager for its European fixed income team.
RiverPark announces further steps to limit flows to RiverPark Short Term High Yield Fund
RiverPark Advisors has taken further steps to limit flows of new money to the RiverPark Short Term High Yield Fund.
Standard Chartered Bank, Agricultural Bank of China to provide RMB clearing services in the UK
Standard Chartered Bank (Standard Chartered) and Agricultural Bank of China Limited (ABC) signed a Memorandum of Understanding (MOU) that cements a partnership to provide Renminbi (RMB) clearing services in the UK.
Canadian banks pin hope on wealth management to counter capital markets slump, report
Large Canadian banks are looking on wealth management to counter the slowdown in capital markets and weaker consumer borrowing, according to a report by Bloomberg.
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Krilogy Financial hires new senior vice president & senior financial advisor
Krilogy Financial, a St. Louis-based wealth management firm, has hired Elizabeth Connelly as senior vice president and senior financial advisor.
Smead Capital Management launches UCITS fund
Smead Capital Management has launched the Pareturn Smead US Value Fund domiciled in Luxembourg.
Fed approves new capital plans of Goldman Sachs, JPMorgan Chase
The US Federal Reserve has approved revised capital plans of the Goldman Sachs Group and JPMorgan Chase for 2013.
Global sukuk issuance market set for long-term growth: Moody’s report
Worldwide sukuk issuance market is set to rise in long-term primarily due to increasing demand for Islamic banking assets, according to a new report by Moody’s Investors Service.
WMSI opens new office in Boston
Wealth Management Systems (WMSI) has opened a new office in the financial district of Boston, Massachusetts.