All articles by Verdict Staff
Verdict Staff
CBA full year cash profit rise 3% to A$9.45bn; wealth division profit dips
Commonwealth Bank of Australia (CBA) has reported a cash profit of A$9.45bn for the year ended 30 June 2016, a rise of 3% compared to A$9.13bn a year ago.
South Africa and Abu Dhabi financial regulators ink collaboration deal
Financial services regulators of South Africa and Abu Dhabi have signed an agreement to enable greater collaboration on regulatory matters.
Institutional asset owners expand on previous quarterly gain: Northern Trust
The second quarter of 2016 marked the third consecutive quarter of positive returns for institutional asset owners after two consecutive quarters of declines starting in the second quarter of 2015, Northern Trust Universe data revealed.
Old Mutual disposes Italian wealth business for 278m
Old Mutual has signed a deal to sell its Italian wealth business to Ergo Italia, a subsidiary of European private equity fund Cinven, for 278m.
World Gold Council, LME and global banks to launch exchange-traded gold contract
The World Gold Council and the London Metal Exchange (LME), together with a group of banks and trading firms are planning to launch a suite of exchange-traded and centrally-cleared precious metals products.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
Light Street appoints new business development chief; to open office in San Francisco
Light Street Capital Management, an investment management firm based in Palo Alto, California, has appointed Bill Nolan as its new head of business development.
Van Lanschot to snap up Staalbankiers’ private banking activities
Dutch private bank Van Lanschot has reached an agreement with insurance company Achmea to acquire private banking activities of Staalbankiers.
Bentleys NSW launches new financial advisory business
Bentleys NSW, a Sydney-based mid-tier accounting, taxation and audit firm, has launched a new financial advisory unit, known as Bentleys Wealth Advisors.
ANZ cash profit drop 3% to A$5.2bn
Australia and New Zealand Banking Group (ANZ) has reported cash profit of A$5.2bn for the nine months to the end of June 2016, a fall of 3% from a year ago.
Wells Fargo Asset Management to snap up Analytic Investors
Wells Fargo Asset Management (WFAM), the global asset management arm of Wells Fargo, has agreed to buy Los Angeles-based Analytic Investors for an undisclosed sum.