All articles by Verdict Staff
Verdict Staff
ICAP brokers face criminal charges tied to LIBOR manipulation
The Justice Department has charged two former derivatives brokers and a former cash broker employed by London-based brokerage firm ICAP as part of the ongoing criminal investigation into the manipulation of the London Interbank Offered Rate (LIBOR).
Scotiabank aims to generate 30% of profit from wealth division
Canada’s Bank of Nova Scotia (Scotiabank) aims to generate 20% to 30% of total profit from its global wealth and insurance unit in three to five years, according to Bloomberg.
Royal Skandia scraps fee on trustee services for six months
The Royal Skandia Trust Company, an IoM-based professional trustee, has unveiled an offer over its entire range of trusts which will allow financial advisers and their clients to access its professional trustee services totally free, according to International Adviser.
State Street’s global investor confidence index falls in September
State Street global Investor Confidence Index (ICI) fell to 101.4 in September, down 3.5 points from Augusts revised reading of 104.9.
World Gold Council appoints new chairman
The World Gold Council (WGC) has appointed Randall Oliphant, formerly New Gold’s executive chairman, as its new chairman, succeeding Ian Telfer.
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Betareturn launches new service to monitor financial advisor performance
Betareturn, an independent wealth management analytics firm, has launched a new service that enables individual investors to monitor their financial advisors’ performance.
UK launches legal challenge into new EU rules on bankers pay
The UK government has lodged a legal challenge with the European Court of Justice (ECJ) on new EU rules on pay in the banking sector, which Britain fears will undermine responsibility in the banking system rather than promote it.
Market Vectors to launch four new Australian equity ETFs
Van Eck Global’s ETF business Market Vectors is set to launch four new exchange traded funds on the Australian Securities Exchange to strengthen its Australian footprint.
Envestnet | Tamarac makes composite reporting more accessible for advisors
Envestnet | Tamarac, part of Envestnet (ENV), a provider of unified wealth management technology and services to investment advisors, has created a sophisticated composite reporting tool that enables advisors to quickly and accurately compile composite reports that compare the performance of their investment strategies to market indices.