All articles by Verdict Staff
Verdict Staff
Bank of America wealth unit income rises 10% in Q3
The Global Wealth and Investment Management arm of Bank of America has reported net income of $697m for the third quarter of 2016, up 10.2% compared to $632m in the prior-year quarter.
Fairstone Group takes over Harefield-based financial advisor RGA
British chartered financial planning firm Fairstone Group has snapped up RGA IFA, an independent financial advisor based in Harefield, for an undisclosed sum.
State Street appoints new head of UK ETF business
State Street Global Advisors has appointed Claire Perryman from BlackRock to head its ETF business in the UK.
Gold-Finance snaps up Hangzhou Jin Zhong Xing Investment Management
Hong Kong-listed wealth management firm Gold-Finance has agreed to buy the sale capital of Hangzhou Jin Zhong Xing Investment Management through its indirectly wholly-owned subsidiary for RMB1m.
Emirates NBD nine months net profit rises 8%
Emirates NBD has posted net profit of AED5.38bn for the nine months ended 30 September 2016, an increase of 8% compared to AED4.99bn a year ago.
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Citigroup Q3 income drops 11%; private bank revenues up by 4%
Citigroup has posted a net income of $3.84bn for the third quarter of 2016, a fall of 11% compared to $4.29bn in the year-ago quarter.
Wells Fargo wealth unit income rises 12% in Q3
The wealth and investment management (WIM) division of Wells Fargo has reported net income of $677m for the third quarter of 2016, up 12% compared to $606m a year ago.
JPMorgan net income falls 8% in Q3
JPMorgan Chase has posted a net income of $6.28bn in the third quarter of 2016, down 8% from $6.80bn a year ago.
Ashmore AUM rises to $54.6bn in Q1
British fund manager Ashmore Group has said that its assets under management (AuM) increased 4% to $54.6bn during the first quarter ended 30 september 2016 from $52.6bn in the previous quarter.
knowIt buys financial consulting firm Strategy Steps
Fintech firm knowIt Group has purchased financial planning consulting business Strategy Steps.