All articles by Verdict Staff
Verdict Staff
UBS net profit slumps 60% in Q3
Swiss wealth manager UBS has posted a net profit of CHF827m for the third quarter of 2016, a slump of 60% from CHF2.1bn in the same period last year.
Australias big four banks fined A$178m for advice failures
The big four banks of Australia and wealth manager AMP have been fined a total of more than A$178m by the Australian Securities and Investments Commission (ASIC) for charging customers for advice services they never received.
Macquarie first-half profit dips 2%
Australia’s Macquarie Group has reported attributable net profit after tax of A$1.05bn for the first half of fiscal 2017, down 2% compared to the year ago period.
Fieldpoint Private poaches managing director from Citi Private Bank
Fieldpoint Private, a US-based wealth advisory and private banking firm, has appointed Citi Private Banks Richard Land as its managing director and senior advisor.
Legg Mason net income rises 3.2% in Q2
American investment management firm Legg Mason has posted a net income of $66.4m for the second quarter of fiscal year 2017, an increase of 3.2% compared to $64.3m in the corresponding quarter of fiscal year 2016.
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US regulator to set up fintech innovation office
The US Office of the Comptroller of the Currency (OCC) has revealed plans to set up a dedicated fintech innovation office to identify, understand, and respond to financial innovation affecting the federal banking system.
RBS reports attributable loss of £469m in Q3; private banking operating profit rises
RBS reported attributable loss of £469m for the third quarter of 2016, compared to profit of £940m a year earlier.
Panama signs OECDs multilateral tax convention to combat tax evasion
Panama has signed OECDs multilateral convention on mutual administrative assistance in tax matters, to boost transparency and combat cross-border tax evasion.
RiverPeak Wealth appoints investment advisory head
RiverPeak Wealth, a UK-based investment advisory and financial planning business, has named Shauna Bevan as its head of investment advisory.
NAB wealth unit registers 13% rise in annual cash earnings
The wealth unit of National Australia Bank (NAB) has reported cash earnings of A$356m for the year ended 30 September 2016, up 12.7% compared to A$316m a year ago.