All articles by Verdict Staff
Verdict Staff
Italys Banca Carige sells asset management unit to Arca
Italian lender Banca Carige has agreed to sell its asset management unit Carige Asset Management to Arca SGR for 101 million (US$133.4 million).
Number of Multi-Millionaires in Mexico far Exceeds Global Average
This press release is part of a series of annual updates on major markets for 2012/2013. It follows on from WealthInsight’s report on Mexico, entitled: Mexico Wealth Book: Trends in Millionaire Wealth.
Deutsche Bank launches Financial Supply Chain Manager app
Deutsche Bank has launched the Financial Supply Chain Manager on its Autobahn App Market.
MFS appoints portfolio managers for MFS Charter Income Trust
MFS Investment Management (MFS) has appointed Pilar Gomez-Bravo, CFA, and Robert Persons, CFA, as portfolio managers of MFS Charter Income Trust, a closed end fund, effective August 1, 2013.
Equity funds see solid start in third quarter, Morningstar Canada data show
Most equity mutual funds had a solid start in the third quarter of 2013 in Canada. Of the 22 Morningstar Canada Fund Indices that measure the performance of equity categories, 17 increased in July, according to preliminary performance numbers today released by Morningstar Canada.
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UK National Audit Office launches investigation into FCA and PRA
The National Audit Office (NAO) has launched an investigation of the new regulators, the Financial Conduct Authority (FCA) and Prudential Conduct Authority (PRA) over whether their regulation is proportionate and whether they provide value for money.
OECD issues peer review report on 13 jurisdictions
The Organisation for Economic Co-operation and Development (OECD) has released peer review reports assessing the tax systems of 13 jurisdictions for information exchange.
Societe Generales private banking division reports 3.7% rise in H1 income
Net banking income at Societe Generales private banking, global investment management and services totalled EUR958 million in first half of 2013, an increase of 3.7% compared to a year ago period.
Euro money market funds suffer large outflows in Q2: Moodys
Prime euro-denominated money market funds (MMFs) suffered a near 12% drop in assets under management (AUM) to EUR66.1 billion, as investors keep searching for higher yields, according to rating agency Moodys.
National Bank of Canada to acquire TDs institutional services business
National Bank of Canada through its subsidiary has entered into an agreement to buy the institutional services business of Toronto-Dominion Bank for C$250 million.