All articles by Verdict Staff
Verdict Staff
StanChart launches onshore mutual funds in China
Standard Chartered Bank (SCB) China announced the official launch of its domestic mutual funds in Shanghai, making it one of the first foreign banks to provide this offering in the mainland.
Nomuras asset management arm reports 10% rise in Q1 revenues
Net revenues at Nomuras asset management business increased 10% quarter on quarter to JPY20.2 billion (US$206.1 million).
JP Morgan to sell physical commodities business
JPMorgan Chase & Co has concluded an internal review and is pursuing strategic alternatives for its physical commodities business, amid increased political and regulatory scrutiny of these businesses.
Charles Stanley revenue up 31% in Q1
Charles Stanley has reported revenue of £36.9 million for the first quarter ended 30 June 2013, a 31% increase compared to £28.2 million for the same period of 2012.
Vatican, Italy to sign agreement on bank information exchange – report
Italy and the Vatican are set to sign an agreement that allows regular exchange of financial information between the two countries to curb money laundering, reports Reuters.
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Citi awarded middle office services contract by Spartus Capital Management
Citi has been awarded a contract to deliver hedge fund middle office services to Spartus Capital Management, a new divergent volatility strategies hedge fund. The award followed a competitive process and Citi was chosen from multiple providers.
Australian shares long-term star performer but active diversification the key ahead: Study
Australian shares have outperformed other asset classes over the past 10 and 20 years, according to the latest Russell Investments/ASX Long-Term Investing Report, but Russell warned that investors need to be truly diversified and take a more active approach to deal with an increasingly changing market environment for the next 10-20 years.
London & Capital launches new service for US resident Non-Doms and Green card holders
London & Capital has launched a new service which enables US resident Non-Doms and Green card holder s to open a US domestic investment account, reducing onerous administrative burden for its US clients.
Singapore central bank to accept Japanese government securities as collateral
Bank of Japan (BOJ) and Monetary Authority of Singapore (MAS) have established a cross-border collateral arrangement to enhance financial stability in Singapore.
Credit Suisse Asia Pacific private banking chairman resigns
Credit Suisses chairman of private banking for the Asia Pacific region Marcel Kreis has resigned from his role this month, reports Financial Standard.