All articles by Verdict Staff
Verdict Staff
Merrill Lynch hires a team of veteran advisers in Texas
Bank of America Corp’s Merrill Lynch has hired a team of veteran advisers from rival brokerage Morgan Stanley Wealth Management, reports Reuters.
Federated Investors Inc Reports First Quarter 2013 Earnings
Federated Investors, Inc. (NYSE: FII), one of the nation’s largest investment managers, today reported earnings per diluted share (EPS) of $0.41 for the quarter ended March 31, 2013, which was unchanged from the same quarter last year. Net income was $43.0 million for Q1 2013 compared to $42.3 million for Q1 2012.
FCA sets out new rules for the platforms industry
The Financial Conduct Authority has published rules to make the way that investors pay for platforms more transparent. In the future, platforms, in both the advised and non-advised market, will not be allowed to be funded by payments (commonly described as rebates) from product providers. Instead, a platform service must be paid for by a platform charge which is disclosed to and agreed by the investor.
Moodys Nbks Rating Reflects Dominant Domestic Franchise, Consistent Core Profitability And Robust Financial Fundamentals
Moodys Investors Service said that National Bank of Kuwaits (NBK) rating reflects its dominant domestic franchise, consistent and above average core profitability, and robust financial fundamentals including good asset quality metrics and strong capitalization.
Fund managers’ appetite for equities low: HSBC survey
The appetite for equities has fallen between the first and second quarter of 2013, according to a fund manager survey conducted by HSBC.
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Cadence Bank Adds Commercial and Business Banking, Wealth Services Group in Huntsville, Ala.
Cadence Bank brings Commercial & Industrial and Business Banking services to the Huntsville, Ala. and North Alabama markets to meet the banking and financing needs of local businesses, and expands its Mid-South Wealth Services team with the addition of a Wealth group serving high net worth clients in these markets.
The Phoenix Companies Launches Phoenix Income Elite Annuity
The Phoenix Companies, Inc. (NYSE:PNX) today announced the launch of Phoenix Income Elite Annuity, a single premium fixed indexed annuity with a Guaranteed Lifetime Withdrawal Benefit (GLWB) rider.
EFG Private Bank gets fined by the FCA
EFG Private Bank has reached a settlement with the Financial Conduct Authority (FCA), which includes a fine of GBP4.2 million (US$6.43 million).
KPMG identifies countries most active in using tax as green policy tool
Six countries the US, Japan, UK, France, South Korea and China were today named by KPMG International as the most active in using tax as a tool to drive sustainable corporate behavior and achieve green policy goals.
Old Mutual restructures fund range
Old Mutual Global Investors (OMGI) has restructured and merged two existing US value funds and streamlined the Dublin-domiciled Skandia Global Funds range.