All articles by Verdict Staff
Verdict Staff
Taxpayers and savers last in line to save banks: European Parliament
Taxpayers and savers must be the last people called upon to bail out bankers, says Parliament’s negotiating position, approved by the Economic and Monetary Affairs Committee on Monday on draft rules on how to save struggling banks.
Apple accused of using Ireland as tax haven
Global technology giant Apple has been accused of evading billions of dollars in US taxes by using Ireland as a tax haven, US Congressional investigators disclosed.
Wealth management drives growth for big three Canadian insurers in Q1: Moody’s
Wealth management sales in both North America and Asia were important sources of growth for the big three Canadian insurers during the first quarter of 2013, says Moody’s Investors Service in a new report on first quarter results for the three largest Canadian life insurers.
More UK consumers expect inflation to erode earnings and savings: Legal & General
Legal & Generals latest MoneyMood survey shows a big jump this year in the number of people who expect inflation to reduce the value of their savings and are likely to receive lower than inflation pay rises compared to last year.
UBIC appoints BNY Mellon as depositary bank for its ADR program
BNY Mellon has been appointed by UBIC, as depositary bank for its American depositary receipt (ADR) program, the first ADR capital raising by a Japanese firm since 2009.
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Newton further bolsters Fixed Income team
Newton, part of BNY Mellon Investment Management, has appointed Khuram Sharih to its Global Fixed Income team as a high yield analyst. In the newly created role, Sharih will work alongside Sebastien Poulin, who joined the team in February 2012.
Temasek acquires $500 million stake in Markit
Singapore investment company Temasek has bought a significant stake in UK-based financial data provider Markit Group Ltd, for about US$500 million.
SCB Asset Management selects Charles River IMS and integrated FIX Network
SCB Asset Management Company Limited has selected the Charles River Investment Management Solution Version 9 (Charles River IMS) and Charles River FIX Network for automated portfolio management, electronic trading and execution management and compliance monitoring.
SFC reprimands, fines UBS Securities HK$1.6 million for regulatory breaches
The Securities and Futures Commission (SFC) has reprimanded and fined UBS Securities Hong Kong Limited (UBS) HK$1.6 million for regulatory breaches and internal control failings relating to position limit failures (Note 1).
Peapack-Gladstone Bank opens new private banking location in New Jersey
Peapack-Gladstone Financial Corporation and Peapack-Gladstone Bank have announced the opening of a new private banking location in Princeton, New Jersey.