All articles by Verdict Staff
Verdict Staff
European investors losing interest in equities
Morningstar latest asset flow data suggests that European fund investors have turned their back on equities after becoming disheartened by the region’s dull growth prospects.
SEC proposes tougher regulations for money-market funds
The US Securities and Exchange Commission (SEC) has unanimously approved stricter regulations for the nation’s nearly $3 trillion money-market mutual fund industry in order to make them less susceptible to runs that could harm investors.
Diamond Bank launches Branchless Banking on Bankone
London-listed Nigerian banking behemoth Diamond Bank has intensified its focus on delivering financial services to the under-banked in the informal sector by launching its “branchless banking” service on BankOne, a mobile banking application which allows instant account opening and registration.
IFS Capital launches three new unit trust schemes
IFS Capital Management, a Ghana-based investment banking and asset management firm, has launched three new unit trust schemes into the capital market.
Personal, longstanding relationships key to superior client experience: Barclays WIM report
A majority (59%) of wealth managers believe that personal, longstanding relationships are the most important “soft-side” factor in delivering a superior client experience, findings of a new report published by Barclays Wealth and Investment Management (WIM) have revealed.
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Maitland selects SunGards Investran for perational efficiency and global growth
Maitland, the largest third party administrator in South Africa, has selected SunGards Investran to automate the investment accounting process and investor reporting operations.
Goldman Sachs arranges sale of Dar Al Arkan’s $450 million Islamic bond
Goldman Sachs Group has led its first sukuk in more than three years after helping a Saudi property developer, Dar Al Arkan Real Estate Development raise $450 million.
European Commission proposes to transfer Libor supervision to ESMA: reports
London may be stripped of its control over the scandal-hit Libor lending rate by the European Commission who are considering handing over supervision to the Paris-based European Securities and Markets Authority (ESMA), according to the Financial Times.
Credit Suisse Liquid Alternative Beta Index flat in May
The Credit Suisse Liquid Alternative Beta (LAB) Index was flat in May according to Jordan Drachman, head of alternative beta strategies at the private bank.
RHJ International’s biggest shareholder considering break up proposition
The biggest shareholder in RHJ International (RHJI), Franklin Equity Group, is mulling over the decision to support a proposal of breaking up RHJI – the owner of private bank Kleinwort Benson.