All articles by Verdict Staff
Verdict Staff
SGX derivatives volumes grow in July
Singapore Exchange (SGX) said its derivatives volumes increased from a year earlier.
Standard Chartered’s wealth management division sees 8% rise in H1 operating income
Standard Chartered’s wealth management division has reported an operating income of US$686 million for the first half that ended on 30 June 2013, an increase of 8% compared with US$632 million in the year ago period.
Lincoln Financial Network appoints new managing director
Lincoln Financial Network (LFN), the retail private client business of Lincoln Financial Group, has appointed Gene Tannenbaum as managing director of Lincoln Financial Advisors (LFA), with responsibility for leading the Metro New York/New Jersey Regional Planning Group.
deVere Group enters into partnership with Hong Kongs IP Global
deVere Group, an independent international financial consultancy, has partnered with Hong Kong-based real estate investment firm IP Global to provide real estate and investment services to its international client base.
BNY Mellon’s Dreyfus launches research driven Liquid Alternatives Fund
The Dreyfus Corporation, a BNY Mellon company, has launched the Dreyfus Research Long/Short Equity Fund, an actively managed mutual fund. The fund is designed to seek capital appreciation by investing in various equity sectors globally, using long/short investment strategies in seeking to produce consistent, positive returns with low correlations with major equity markets over a complete market cycle.
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HSBC Private Banking reports sharply lower profits
HSBC’s private banking business posted pre-tax profits of $108m to the end of June 2013 marking a 80% loss in profitability at the division. The sharp drop in profitability at the division was also accompanied by the sting of lower operating income in the first half of 2013.
FINRA orders Citigroup to pay US$10.75 million in arbitration
A FINRA arbitration panel has ordered Citigroup to pay US$10.75 million to a former customer over investments losses in Royal Bank of Scotland Group, which was bailed out after the 2008 financial crash.
MSCI launches new quality mix indices
MSCI, a provider of investment decision support tools worldwide, has launched the MSCI Quality Mix Indices, which combine the MSCI Quality, MSCI Value Weighted and MSCI Minimum Volatility Indices into one diversified risk premia index.
Japan’s FSA signs cooperation agreement with securities regulators of Austria, Cyprus
The Financial Services Agency (FSA) of Japan has signed memorandums of cooperation (MoCs) with each of the Austrian Financial Market Authority (Finanzmarktaufsicht) and the Cyprus Securities and Exchange Commission related to the supervision of funds and fund managers conducting their business on a cross-border basis.
Merrill Lynch Q2 net earnings down 2%
Merrill Lynch, the wealth management division of Bank of America, has reported net earnings of US$967 million for the second quarter of 2013, a 2.1% decrease compared to US$988 million for the same period previous year.