All articles by Verdict Staff
Verdict Staff
Lloyds considers sale of asset management unit SWIP: Reports
UK-headquartered Lloyds Banking Group Plc is exploring a possible sale of its asset-management unit Scottish Widows Investment Partnership (SWIP), according to media reports.
Jupiter Fund Management net flows down 70% in Q1
Jupiter Fund Management plc has reported net mutual fund flows of £247 million in the first quarter of 2013 and attributed the hiatus in flows to the implementation of RDR.
Golds safe haven value to remain intact despite price drop and mass sell-off: Lombard Odier
While sentiment has been negative towards gold as markets assume the Fed is about to withdraw its liquidity measures, golds value as a safe haven is to remain intact until the numerous threats to the global financial system are resolved completely, according to Lombard Odiers Joe Foster.
UBS head of industrial investment banking leaves for Blackstone
UBS’ global head of industrial investment banking, Karl Knapp, has left to join The Blackstone Group’s advisory business, according to Reuters reports.
JP Morgan records get seized by Italian police in Monte Paschi probe
JP Morgan’s offices in Milan were searched and records were seized by the Italian tax police in their investigation into suspected fraud at Monte dei Paschi bank.
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Barclays wealth and investment banking heads to depart
Tom Kalaris, head of Barclays’ wealth management and investment management (WIM) unit and Rich Ricci, head of the bank’s investment banking division, are to retire by 30 June.
Stocks fall on signs of slowing global economy
Stocks fell sharply Wednesday for the second time this week as investors continued to worry about how much the global economy is slowing.
SEC Charges Chicago-Based Investment Adviser with Defrauding CalPERS and Other Clients
The Securities and Exchange Commission today charged the CEO of Chicago-based investment advisory firm Simran Capital Management with lying to the California Public Employees’ Retirement System (CalPERS) and other current and potential clients about the amount of money managed by the firm.
IoM signs DTA with Luxembourg
The Isle of Man has signed a double taxation agreement (DTA) with Luxembourg, which meets OECD international standard on tax co-operation, following Jersey’s announcement yesterday stating it had signing a DTA with Luxembourg as well.
ATP Selects Northern Trust to Provide Custody and Related Services to Approximately US$106 Billion in Pension Fund Assets
ATP (Arbejdsmarkedets Tillægspension), the Danish Labour Market Supplementary Pension Scheme and its subsidiaries, has appointed Northern Trust (Nasdaq: NTRS) to provide custody and related services to approximately US$106 billion pension fund assets.