All articles by Verdict Staff
Verdict Staff
BT Financial Group’s platform support advisers in their FoFA obligations
BT Financial Group has taken a step towards supporting dealer groups and advisers in their Future of Financial Advice (FoFA) obligations after a major systems implementation for its Asgard and BT Wrap platforms.
Lyxor appoints deputy head of hedge fund research from Citi Private Bank
Lyxor Asset Management has appointed Frank Frecentese to its New York office as the deputy head of hedge fund research.
Banca Monte Paschi director faces insider trading accusations
Italian lender Banca Monte dei Paschi’s board member Michele Briamonte has been placed under investigation for suspected insider trading by preliminary investigations judge of the Court of Siena.
IMF urges UK to spend more on fund investment
The UK government has been coaxed to spend more on fund investment and “steer its economy back to recovery”, by the International Monetary Fund (IMF).
JPMorgan gets fined GBP3 million by the FCA
JPMorgan has been fined GBP3.08 million (US$4.6 million) by Britain’s Financial Conduct Authority (FCA) for being unable to prove it was giving clients the right advice.
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Vatican’s new financial regulator looks out for money laundering
The Vatican’s new financial watchdog has published the first annual report from its newly formed financial agency revealing that it has detected six possible attempts to use the Holy See to launder money in 2012, citing this as “proof” of it’s commitment to transparency.
Oxfam claims US$18.5 trillion hidden in worldwide tax havens
At least US$18.5 trillion is hidden by wealthy individuals in tax havens worldwide, representing a loss of more than US$156 billion in tax revenue, according to new figures published by international agency Oxfam.
Gulf pension funds increasingly opting for private equity investments: Invesco study
Major sovereign governments and sovereign wealth funds (SWFs) in the Middle East are increasingly considering new private equity (PE) models for investment, according to Invesco’s just released fourth Middle East Management Study.
Lloyds mulls auctioning $8.7 billion US home-loan bonds
Lloyds Banking Group is mulling to auction about $8.7 billion of US mortgage securities that were issued prior the credit crisis, reports Bloomberg.
Barclays Wealth appoints deputy head of trust business
Barclays Wealth and Investment Management has appointed Paul Howland as deputy head of its Isle of Man trust businesses.