All articles by Verdict Staff
Verdict Staff
UBS, Credit Suisse sued by US regulator for LIBOR manipulation
The National Credit Union Administration (NCUA), a US federal financial regulator, has filed a lawsuit in the federal district court in Kansas against 13 international banks, including UBS and Credit Suisse over alleged manipulation of Libor.
Houlihan Lokey launches Illiquid Financial Asset practice
Houlihan Lokey, the international investment bank, has announced its aggressive growth plans for a unique practice focused on intermediating illiquid financial assets on a global basis.
Credit Suisse, Qatar Holdings JV to seeds Geneva hedge fund
Aventicum Capital, a joint venture between Credit Suisse and Qatar Holding, is planning to make a seed investment in a Geneva-based long/short equity hedge fund that will launch before the end of the year, according to Financial News.
Asset Plus Companies acquires Greystone Asset Management
Asset Plus Companies, a US-based third party management company, has acquired Greystone Asset Management, a multifamily property management company in Texas.
New York Life Investments to buy Dexia Asset Management for 380 million
New York Life Investments has agreed to acquire Dexia Asset Management for 380 million (US$512 million), less than a week after the parties entered into exclusive negotiations over the prospective deal.
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Schroder Investment Management automates NAV Validation with Milestone Group
Schroder Investment Management (Luxembourg) has implemented Milestone Groups pControl platform for fund oversight.
Nordea Bank Finland signs market making agreement with two new UCITS ETF funds
Nordea Investment Fund Company Finland has signed a market making agreement with Nordea Bank Finland on behalf of two new UCITS ETF Funds.
Select Asset Management adds third portfolio from Select Asset Management
MGD Wealth has added a third portfolio from Select Asset Management, further strengthening their partnership.
New private wealth management industry association launched in Hong Kong
A new private wealth management industry association has been established to help maintain Hong Kongs status and competitiveness as a major financial centre.
MEPs raise suspension of EU-US bank data deal
Member of the European Parliament (MEPs) have raised the possibility of suspending or even terminating the EU-US Terrorist Finance Tracking Programme (TFTP), during the discussion about the NSA’s alleged tapping of the SWIFT company’s international bank-transfer data at the Civil Liberties Committee’s third hearing on US and EU countries’ surveillance schemes.