All articles by Verdict Staff
Verdict Staff
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.
BlackRock registers 4% rise in Q3 net income
American fund manager BlackRock has reported an attributable net income of $875m for the third quarter of 2016, an increase of 4% compared to $843m a year ago.
Rathbones unveils multi-asset fund for charities
Rathbones has rolled out a new multi-asset fund that has been particularly structured for charities.
Goldman Sachs net income surges 58% in Q3
Goldman Sachs has posted net income of $2.1bn for the third quarter of 2016, a jump of 58% compared to $1.33 posted a year ago. Diluted earnings per common share were $4.88 compared with $2.90 a year ago.
Australian government to form independent standards body for advisors
The government of Australia has announced plans to introduce legislation this year to set up a new independent standards body to govern professionals standards of the countrys financial advisors.
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Credit Suisse, Stenham create new wealth management firm in Channel Islands
Swiss private banking giant Credit Suisse has set up a new wealth management firm in the Channel Islands in collaboration with local financial service provider Stenham Group.
Goldman Sachs Asia Pacific chairman to step down
Goldman Sachs Asia Pacific chairman Mark Schwartz is set to retire at the end of the year after 27 years with the bank.
WSFS Financial snaps up West Capital Management
WSFS Financial has acquired the assets of West Capital Management, a Pennsylvania-based independent, fee-only wealth management firm.
Banc of California strengthens private banking team
Banc of California has appointed Jay Sanders as executive vice president of private banking and also appointed five new senior directors.
HSBC Bank Canada appoints new retail banking and wealth management head
HSBC Bank Canada has hired Larry Tomei as head of retail banking and wealth management, replacing Betty Miao, who is taking on a new role with the firm in Asia.