All articles by Verdict Staff
Verdict Staff
China increases scrutiny on wealth management products
China will look into wealth management products in 2013 by launching a closer scrutiny around money flows off banks’ balance sheets, reports Reuters.
Wells Fargo Insurance expands international capabilities announces new International Specialty Group
Wells Fargo Insurance, part of Wells Fargo & Company, is expanding its International Specialty Group by establishing three new teams solely dedicated to serving the insurance and risk management needs of US multinational companies.
Three Schwab Funds Recognized by Lipper for Best-in-Class Long-Term Performance
Charles Schwab Investment Management, Inc. (CSIM) announced today that three of its mutual funds received accolades from Lipper as best-in-class over the last 10 years. For the fifth year in a row, the Schwab California Tax-Free Bond Fund (SWCAX) took top honors as Best Fund over 10 years out of 15 funds in the California Intermediate Municipal Debt Funds category.
Year-end report 2012
Financial data for the Group
· Operating income amounted to SEK 1,589m (1,734).
· Expenses before variable remuneration etc* totalled SEK 1,461m (1,705).
· Profit before variable remuneration etc* amounted to SEK 127m (29).
· Items affecting comparability had a negative impact of SEK 141m (neg: 237) on earnings, which was primarily due to restructuring expenses. Before credit provisions, the company posted a loss of SEK 196m (loss: 268).
· Carnegie has issued new shares in an amount of SEK 100m in order to ensure that the restructuring process continues at a fast pace and to strengthen the organisation while maintaining a strong capital base.
· The Group has a strong financial position, with equity totalling SEK 2.0bn, a Core Tier 1 ratio of 13.1% and a Capital ratio of 19.6 % at year-end.
Guernsey signs DTA with Hong Kong
Guernsey has signed a Double Taxation Arrangement (DTA) with Hong Kong – the seventh jurisdiction the former has signed full DTAs with.
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FTI Consulting Appoints Akram Atallah as Head of the Construction Solutions Team in Brazil
FTI Consulting, Inc. (NYSE: FCN), the global business advisory firm dedicated to helping organizations protect and enhance their enterprise value, today announced that Akram Atallah, Senior Managing Director in the Forensic and Litigation Consulting practice, has been appointed Head of the Construction Solutions team in Brazil.
Trustmark Corporation Announces First Quarter 2013 Financial Results and Declares $0.23 Quarterly Dividend
Trustmark Corporation announced net income available to common shareholders of $24.9 million in the first quarter of 2013, which resulted in diluted earnings per share of $0.38. Included in first quarter results were non-routine merger costs that reduced after-tax net income by $5.8 million, or approximately $0.08 per diluted share.
Brian Cordischi to become new Head of Investment Strategy at Carnegie Private Banking
Brian Cordischi has been appointed CIO & Head of Investment Strategy at Carnegie Private Banking in Sweden.
Cardiff – New director for Brewin Dolphin
The Cardiff office of Brewin Dolphin has expanded its team with the appointment of a new divisional director.
China E Fund fires manager
Chinas E Fund Management has fired portfolio manager in its fixed-income department, Ma Xide, for alleged illegal bond trading.