All articles by Verdict Staff

Verdict Staff

RBS unveils new structure; Coutts and Adams to be ringfenced under new structure

RBS has announced plans to ringfence its retail banking business from its riskier investment banking business to meet the deadline of 1 January 2019 set by the British government.

Indian tax dodgers declare about $10bn under black money scheme

Tens of thousands of suspected tax dodgers in India disclosed nearly $10bn of hitherto undeclared income and assets under a government amnesty on tax evasion.

Manulife Asset Management appoints new EMEA client service, sales support head

Manulife Asset Management has hired Neil Summers to newly created role of Europe, Middle East and Africa (EMEA) client service and sales support head, effective 19 September 2016.

Colliers International snaps up ICADE Asset Management and ICADE Conseil

Colliers International Group has acquired ICADE Asset Management and ICADE Conseil, a French asset management and investor advisory services platform managing over €2bn in assets, for an undisclosed sum.

Housing markets overheating across the globe: UBS

Just a few years after the last major wave of global correction, housing bubbles are inflating again in major cities across the world, with Vancouver and London facing the greatest risk of housing bubble, UBS in its 2016 Global Real Estate Bubble Index report said.

Deutsche Bank launches digital factory in Frankfurt

Deutsche Bank has opened its digital factory in Frankfurt to discover and evaluate new ideas, and translate these ideas into real products and services for its clients.

Commerzbank to shed 9,600 jobs; suspend dividend

German lender Commerzbank has announced plans to axe 9,600 jobs, suspend dividend payments, and shrink securities trading in order to bolster profitability.

BlackRock taps Artivest to expand investor access to alternative investments

BlackRock has partnered with fintech firm Artivest to provide qualified investors broader distribution and better access to its alternative investment strategies.

FCA proposes new accountability rules for senior managers

The UK’s Financial Conduct Authority (FCA) has proposed a series of measures to strengthen the senior managers’ and certification regime in order to reinforce the importance of individual accountability for senior level executives at financial services firms.

Northern Trust bolsters Global Family & Private Investment Offices team in London

Northern Trust has strengthened its Global Family & Private Investment Offices team in London by hiring Vignesh Vijayakumar and Yovan Dabee.