All articles by Verdict Staff
Verdict Staff
Barclays under German tax authorities lens over tax loophole usage
German tax authorities are investigating Barclays over the use of a legal loophole that cuts its tax bill in the country by hundreds of millions of Euros, a German newspaper Sueddeutsche Zeitung reported.
QNB launches new credit card for ultra-high net worth segment
Qatar National Bank has reinforced its positioning in the ultra-high net worth segment by launching the first exclusive Diamond Embedded QNB Private World Elite MasterCard Credit Card in the Middle East and Africa Region.
UBS to surrender banking licence in India – reports
Swiss bank UBS will surrender its banking licence in India, which includes exiting its fixed income business, forex operations, and credit services which are capital intensive.
Monetary Authority Of Singapore issues technology risk management notice and guidelines
The Monetary Authority of Singapore (MAS) has issued the Technology Risk Management (TRM) notice and guidelines.
Islamic finance lobby CIBAFI to expand beyond the Gulf- report
The General Council for Islamic Banks and Financial Institutions (CIBAFI), a Bahrain-based non-profit organization which lobbies on behalf of Islamic finance, is in plans to expand beyond the Gulf, so that it can shape rules and practices in new markets as they grow, according to Reuters.
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BMO Harris Private Banking June market commentary: growth levels in China continue to affect Canadian commodities
China’s slower-than-expected economic growth could continue to affect commodity prices in Canada – a trend that will likely cause a softening of the Canadian dollar, according to BMO Harris Private Banking’s June Market Commentary.
BNP Paribas Asset Management’s CEO appointed as new president of EFAMA
BNP Paribas Asset Management’s chief executive Christian Dargnat has been appointed president of the European Fund and Asset Management Association (EFAMA).
FCA to return money to land bank investors after High Court settlement
The Financial Conduct Authority (FCA) has agreed a settlement of proceedings in the High Court which will enable it to return approximately £380,000 to investors in a land bank.
Deutsche Bank unit to create 431 new jobs in North Carolina
DB Global Technology, a unit of Deutsche Bank, is planning to invest more than US$13.5 million in its Cary, North Carolina software development centre, creating 431 new jobs.
Interactive Data and ULLINK strengthen partnership with new client
Interactive Data Corporation, provider of managed ultra low latency infrastructure and market data feed services and ULLINK, provider of connectivity and trading solutions for the global financial community, adds Bank Degroof as the latest client to go live using Interactive Datas Consolidated Feed via ULLINKs trading platform.