All articles by Verdict Staff
Verdict Staff
Court approves US$546 million settlement between MF Global and JPMorgan
US judges have approved a settlement worth about US$546 million between MF Global and JPMorgan Chase, which could clear the way for former customers of failed MF Global to get more of their money back.
Switzerland designs alternate plan to allow banks to pass on data to US
The Swiss government has agreed to allow banks hand over data to US authorities without facing criminal sanctions under Swiss law in a bid to avert US charges against its banks.
Oddo Asset Management appoints new Swiss head
Oddo Asset Management has appointed Patrice Dussol as co-country head in charge of German-speaking Switzerland to strengthen its presence in the country, according to International Adviser.
Standard Life appoints new head for commercial real estate debt
Global asset manager Standard Life Investments has appointed Neil Odom-Haslett as the head of commercial real estate lending.
IRS proposes new guidance to address tax concern raised by money fund investors- report
The US Internal Revenue Service (IRS) has come up with new guidance to address the tax concerns raised by the money market fund industry about potential industry reforms, according to Reuters.
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JPMorgan, Bank of New York Mellon win dismissals of forex lawsuits
JPMorgan Chase & Co and Bank of New York Mellon have won the dismissal of lawsuits accusing them of overcharging clients for trading currencies.
European Parliament sets out priorities for overhauling EU banks
Bank board members must be personally liable for mistakes and banks’ riskier trading activities must be clearly separated from their more conservative lending ones, said MEPs in a resolution setting out Parliament’s priorities for a broad overhaul of EU banks.
Australian consumer watchdog delays Perpetual takeover of EQT
The Australian Competition and Consumer Commission (ACCC) has postponed making a decision on Perpetual’s proposed takeover of Equity Trustees (EQT), to allow Perpetual to provide it with extra information, according to a report published by Financial Standard.
Navesis-ETF collaborates with Calastone to improve market connectivity
Navesis-ETF, an electronic exchange-traded funds (ETFs) trading platform, has joined forces with Calastone, a global transaction network for the fund industry, to improve the trading mechanism of the exchange-traded funds (ETF).
US investors pull out record US$28.1 billion from bond funds last week: ICI
American investors pulled US$28.12 billion out of bond funds in the week ending June 26 on fears that the US Federal Reserve could cut its bond-buying later this year, according to data released by Washington-based Investment Company Institute (ICI).