All articles by Verdict Staff
Verdict Staff
BNY Mellon net income rises 19% in Q3
The Bank of New York Mellon (BNY Mellon) has reported net income applicable to common shareholders of $974m for the third quarter of 2016, up 18.8% from $820m in the prior-year quarter.
Principal Global Investors hires Asia funds distribution head
Principal Global Investors, the asset management unit of US-based Principal Financial Group, has named Suresh Singh as head of funds distribution for Asia.
U.S. Bancorp income rises to $1.5bn in Q3
U.S. Bancorp, the parent of U.S. Bank, has reported net income of $1.5bn for the third quarter of 2016, a marginal rise of 0.9% compared to $1.49bn a year ago.
Former Neuberger Berman executives launch Matrix Wealth Partners
Former Neuberger Berman executives Matthew Rubin and Justin Gaines have introduced a new multi-family office that will provide comprehensive wealth solutions to select individuals and families.
Northern Trust net income rises 10% in Q3
Northern Trust has reported net income of $257.6m for the third quarter of 2016, up 10% compared to $234.6m in the year ago period.
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HSBC Private Bank to pull out of Monaco
HSBC Private Bank has decided to wind down its business in Monaco and has agreed to introduce clients in the principality to CFM Indosuez Wealth Management.
Amundi confirms interest in Pioneer acquisition
French asset manager Amundi has confirmed its interest in acquiring Pioneer Investment from Italian banking group UniCredit.
US regulators propose new cyber security rules for financial providers
US banking regulators have proposed new cyber security standards to protect the financial services industry from cyber attacks and technology failures.
Morgan Stanley wealth arm records 9% rise in Q3 pre-tax income
Morgan Stanley’s wealth management unit has reported pre-tax income from continuing operations of $901m for the third quarter of 2016, up 9.3% from $824m a year ago.
Bank Leumi to pay $1.6m for unregistered US cross-border business
Israel-based Bank Leumi has agreed to pay $1.6mn in fine to the US Securities and Exchange Commission (SEC) to settle charges that it provided investment advice and securities transactions to US customers without being registered.