All articles by Verdict Staff
Verdict Staff
Global prolonged economic expansion expected says BNY Mellon’s chief economist
A sustained global economic expansion is expected, with a broad pattern of growth in both developed and emerging countries, according to BNY Mellon chief economist Richard Hoey as outlined in his most recent economic update.
UBS agrees to pay US$120 million to settle Lehman notes claims
Swiss banking major UBS has agreed to pay US$120 million to settle a lawsuit by investors in which the bank was accused of providing misleading information to its investors over the financial condition of Lehman Brother and its connection with the sale of structured notes.
Japan regulator seeks JPY431 million fine against Singapores hedge fund
The Securities and Exchange Surveillance Commission (SESC) of Japan said that Juggernaut Capital Management should pay a JPY431 million (US$4.38 million) fine as the Singapore-based hedge fund manipulated prices in the Japanese equity.
FCA fines GT Bankfor failures in its anti-money laundering controls
The Financial Conduct Authority (FCA) of UK has fined Guaranty Trust Bank (UK) (GT Bank) £525,000 for failings in its anti-money laundering (AML) controls for high risk customers between May 2008 and June 2010.
Bank J Safra Sarasin expands presence in southern Germany
Bank J Safra Sarasin (Deutschland), owned by Brazil-headquartered Safra Group, has expanded its presence in the southern region of Germany with the opening of a new office in Stuttgart.
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National Australia Bank culls staff in wealth division
National Australia Bank (NAB) has confirmed redundancies in a number of roles within its wealth management division following a strategy to digitalise the business.
iShares launches iShares Dow Jones-UBS Roll Select Commodity Index Trust
BlackRock’s iShares Exchange Traded Funds (ETFs) business has launched the iShares Dow Jones-UBS Roll Select Commodity Index Trust on the NYSE Arca.
BlackRock names Singapore country head
BlackRock has appointed Kevin Hardy as head for Singapore, in addition to his current role as head of beta strategies for the Asia Pacific.
Standard Life to transition all investments into clean share classes
Standard Life is set to undertake an unprecedented bulk conversion of all investments in bundled share classes to their unbundled clean equivalent in November 2014.
Manufacturing primary source of wealth for Mexican UHNWIs
Manufacturing primary source of wealth for Mexican UHNWIs