All articles by Verdict Staff

Verdict Staff

BofA Merrill launches new platform for global reporting and account management

Bank of America Merrill Lynch has launched Dashboard Analytics, a new tool on the global reporting and account management system for commercial card clients in more than 70 countries and in 21 languages.

Dubai Islamic Bank appoints new MD and CEO

Dubai Islamic Bank (DIB) has appointed Adnan Chilwan as its new CEO replacing Abdulla Al Hamli, who has been named new managing director of the bank.

NBD’s consumer & wealth management division H1 income up 9%

UAE-based Emirates NBD’s consumer & wealth management (CWM) division has reported an income of AED2.42 billion (US$658.84 million) for the first half of 2013, an increase of 9% from AED2.22 billion (US$604.39 million) in the year ago period.

HSBC India appoints head of wealth management

HSBC India has appointed Sanjiv Sud as new head of its wealth management and retail banking business.

SEC rejects US$18 million settlement with fund manger Philip Falcone

The US Securities and Exchange Commission (SEC) has rejected an US$18 million settlement that would have banned billionaire hedge fund manager Philip Falcone from the securities industry for two years.

Yodlee launches wealth management tool for banks

Yodlee, a US-based platform for financial innovation, has launched Yodlee WealthCenter, a new suite of tools and enhanced wealth data that reinvents how financial institutions interact with self-directed investors.

Aviva Investors names new CEO

Aviva Investors, an asset management company and part of the Aviva group, has named Euan Munro as its new CEO, effective January 2014.

Ireland accused of shielding its domestic fund industry

Ireland’s has been accused of attempting to protect its domestic fund industry by omitting the European fund regulation from its agenda when it assumed its six-month presidency of the European Union’s council in January 2013.

SEC charges SAC Capital’s Steven Cohen over insider trading

The US Securities and Exchange Commission (SEC) has filed civil charges against Steven Cohen, head of the hedge fund SAC Capital, for failing to supervise two portfolio managers and prevent insider trading.

Guggenheim Investments launches two new BulletShares corporate bond ETFs

Guggenheim Investments has expanded its suite of defined-maturity corporate bond ETFs with the launch of two new BulletShares funds: the Guggenheim BulletShares 2021 Corporate Bond ETF (BSCL) and the Guggenheim BulletShares 2022 Corporate Bond ETF (BSCM).