All articles by Verdict Staff
Verdict Staff
Investor optimism rises to highest level in over two years: Wells Fargo
Investors are more optimistic about their ability to maintain incomes over the next year with the Wells Fargo/Gallup Investor and Retirement Optimism Index rising to +43, and reaching the highest level in two and a half years.
iShares launches ETF to access Colombia
BlackRock’s iShares Exchange Traded Funds (ETFs) unit has launched the iShares MSCI Colombia Capped ETF that complements the iShares Latin and South American ETF line-up – the largest in terms of number of funds in the US.
Developed market stocks, bonds and currencies preferred amidst Fed’s possible QE tapering
According to Barclays, developed market stocks, bonds and currencies will be stronger in comparison to emerging markets, once the US Federal Reserve possibly begins tapering the quantitative easing (QE), as signalled, by the end of 2013.
Council of the European Union adopts new bank capital requirements
The Council of the European Union has adopted a directive and a regulation amending the EU’s rules on capital requirements for banks and investment firms.
Morgan Stanley mulling 10% job cuts in commodities unit
Morgan Stanley is planning to cut about 30 to 35 jobs, or about 10% of its workforce, in the commodities unit.
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China to offer US REIT-Tracking Funds
GF Fund Management has reported that China first index funds tracking US real estate investment trusts (REITs) are set to be introduced in July 2013.
UK private investors lose £11.5 billion at beginning of June
British private investors lost a total of £11.5 billion at the beginning of June because they failed to take profits before share prices started to dip, according to Capita Registrars.
Montecito Bank & Trust makes new hire in wealth management division
Montecito Bank & Trust has hired Suzi Schomer as a vice president and business development officer in the of wealth management division, reporting to Jeff Pittman, senior vice president and director of the unit.
Liquidity Finance launches new office in the US
Liquidity Finance is expanding its activities across the Atlantic with a new office opening in Stamford, Connecticut in the US.
BCS receives FCA authorisation to launch in UK
BCS Prime Brokerage, an independent Russian financial institution, has been granted UK regulatory authorisation by the Financial Conduct Authority (FCA), to deal and advise on investments and hold client assets, this marks the official launch of its international brokerage business.