All articles by Verdict Staff
Verdict Staff
HSBC promotes chief risk officer to its board
HSBC Holdings has promoted its group chief risk officer Marc Moses to its main board. He will continue to be a member of the Group Management Board.
US Department of the Treasury to restrict offshore tax evasion
The US Department of the Treasury and the Internal Revenue Service have issued a notice for foreign financial institutions (FFIs) to comply with the information reporting and withholding tax provisions of the Foreign Account Tax Compliance Act (FATCA).
India terminates double tax treaty agreement with Cyprus
India has suspended the double tax treaty with Cyprus, which offered benefits to taxpayers conducting business between the two countries, saying that the country has broken its contract to provide information to India’s tax authorities.
LGIM receives approval to launch Sicav fund platform in Luxembourg
L&G Investment Management (LGIM) has received approval to launch a Sicav fund platform in Luxembourg to target wealthy private investors outside the UK.
SIFMA AMG, IAA express concerns with OFR Study on asset managers
SIFMA’s Asset Management Group (AMG), together with the Investment Adviser Association (IAA), has submitted comments to the Securities and Exchange Commission (SEC) regarding the study entitled ‘Asset Management and Financial Stability’ published by the Office of Financial Research of the Treasury Department (OFR) and commissioned by the Financial Stability Oversight Council (the FSOC).
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Deutsche Bank China receives inter-bank bond settlement license from PBC
Deutsche Bank China has received an inter-bank bond settlement agent license from Peoples Bank of China (PBC), to provide end-to-end bond services to local corporates and financial institutions across the country, including bond trading and settlement services.
Golden Bull Fund Index officially released
CSJ Golden Bull (Beijing) Investment Consulting (CSJGB) affiliated to China Securities Journal (CSJ) has released the ‘Golden Bull Fund Index of 20 Equal-Weighted Stock and Mixed funds’.
Fannie Mae sues UBS and Credit Suisse over Libor rigging
US mortgage giant Fannie Mae has sued nine banks including UBS and Credit Suisse for the alleged manipulation of key interbank lending rate Libor.
SEC obtains asset freeze in California-based real estate investment scheme
The Securities and Exchange Commission has announced fraud charges and an emergency asset freeze against a group of Pasadena, Calif.-based companies at the center of an ongoing real estate investment scheme.
AFH Financial acquires Origin Financial for US$1.75 million
AFH Financial Group has acquired Origin Financial, an independent financial advisory (IFA) firm based in West Midlands, England, for £1.1 million (US$ 1.75 million).