All articles by Verdict Staff
Verdict Staff
Spain’s banks could face crisis as property prices ‘need to fall another 10%’, Goldman Sachs warns
Spain’s collapsing residential property market is still overvalued, banking experts at Goldman Sachs have warned.
Deutsche Bank to buy Banksia’s performing loan portfolio
Deutsche Bank has acquired Banksia’s performing loan portfolio for $238.8 million, announced receivers and managers of Banksia Securities Limited, McGrathNicol, and trustee, The Trust Company.
Restructuring largely completed substantial increase in consolidated profit in 2012
At today’s financial statement press conference, Hans-Jörg Vetter, the Chairman of the Board of Managing Directors of Landesbank Baden-Württemberg (LBBW), strikes a positive balance on the Bank’s performance in 2012: “We achieved a respectable result in a difficult environment, largely completed the restructuring measures which had been launched in 2009 and once again significantly improved our capital and risk position.
Investors resorting to smart devices to keep closer watch on their money: Celent study
Prompted by market volatility and recent scandals in the financial services industry, many investors are resorting to smart devices to keep a closer watch on their money, according to a new report by financial research and consultancy firm, Celent.
Mexican authorities to develop new derivatives rule
With an aim to boost transparency and limit risk in the opaque market, Mexican authorities are developing new derivatives rules in line with international standards Mexico’s central bank governor Agustin Carstens said.
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UniCredit to reject US derivatives trading
Italy’s UniCredit has publicly announced that it has no interest in registering to trade over-the-counter derivatives with US institutions, in the wake of industry experts’ warnings that incoming regulations are breaking the global links between markets and hurting liquidity.
Northern Trust Selected By William Blair to Provide Services for Luxembourg-based Tax-Efficient Funds
Northern Trust has been appointed by William Blair & Company, L.L.C., the global financial services firm with more than $50 billion of assets under management, to support William Blairs Luxembourg-domiciled Fonds Commun de Placement (“FCP”).
Franklin Templeton partners with Heyman y Asociados to bolster presence in Mexico
Franklin Templeton has signed a partnership agreement with asset management boutique Heyman y Asociados to expand its footprint in the Mexican investment market.
Wealthy Turks urged to lure back foreign funds
The Turkey Government has urged the Parliament to reintroduce a “wealth amnesty” bill, which aims at luring back funds held abroad by affluent Turks without punitive taxes and fines, reports Reuters.
Citibank Unveils Specialized Wealth Advisory Service for High-Net-Worth Business Clients
Citibank Singapore Limited announced today that it has launched CEO Conversations, a specialized private wealth advisory service for high-net-worth (“HNW”) clients who are business owners or C-level executives.