All articles by Verdict Staff
Verdict Staff
Credit Suisse to depend on private banking business for growth
Credit Suisse is eying its private banking franchise with wealthy clients to grow its business as tougher regulations and changing markets are negatively affecting its investment banking returns.
London overtaken by New York as worlds top financial centre
London has been overtaken by New York as the worlds top financial centre, according to a survey of senior financial services executives commissioned by Kinetic Partners.
Malta launches controversial passport for cash scheme
Maltese Parliament has approved a controversial law to attract high net worth individuals to the island by selling passports for 650,000 (£546,000).
Boomers generosity toward family members runs deep during times of need: Merrill Lynch
During the last five years, three out of five (62%) Americans age 50 and older have provided financial assistance to members of their family, including adult children, parents, grandchildren, siblings or other relatives, according to a Merrill Lynch study.
DW Investment Management appoints new business development head
US-based DW Investment Management has appointed Jennifer Drake as new head of business development.
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Independent broker-dealers account for US$1.9 trillion in long-term mutual fund and ETF assets
Independent broker-dealers (IBDs) continue to lead in third party distribution of funds, accounting for US$1.9 trillion in long-term mutual fund and ETF assets under management (AUM) as of September 30, 2013, according to quarterly data by Access Data, a Broadridge Financial Solutions company, and Strategic Insight.
Financial institutions must improve financial statement disclosures: ESMA
The European Securities and Markets Authority (ESMA) has published a Review of the comparability and quality of disclosures in 2012 IFRS financial statements of listed financial institutions.
Northern Trust Focused Portfolios added to FDx Advisors UMA program
Northern Trust has announced that Northern Focused Portfolios (NFP) model portfolios have been added to FDx Advisors Unified Overlay Management Program platform.
Bank of China (Hong Kong) unveils Enrich Banking service
Bank of China (Hong Kong) has unveiled a new banking service, Enrich Banking, to provide people with wealth management services that are not bound by time and boundary.
Davy Group agrees to buy Prescient AM
Davy Group, an Ireland-based financial services firm, has agreed to acquire Prescient Asset Management Holdings (Ireland).