All articles by Verdict Staff
Verdict Staff
U.S. Bank Receives 2012 Stanley O. McNaughton Leadership Award
The Independent Colleges of Washington (ICW) presented the 2012 Stanley O. McNaughton Leadership Award to U.S. Bank last week at Saint Martins University. Accepting the award was U.S. Banks newly-appointed market president for Washington and third-term ICW board member, Chris Heman.
PNC Reports First Quarter Net Income Of $1.0 Billion And $1.76 Diluted EPS
The PNC Financial Services Group, Inc. (NYSE: PNC) today reported net income of $1.0 billion, or $1.76 per diluted common share, for the first quarter of 2013 compared with net income of $719 million, or $1.24 per diluted common share, for the fourth quarter of 2012 and $811 million, or $1.44 per diluted common share, for the first quarter of 2012.
S&P Capital IQs Real Time Solutions Announces Advanced Genetic Algorithm Capabilities
S&P Capital IQs Real Time Solutions has announced the latest release of its automated trading platform. QuantFACTORY 5.3.2 includes a number of new features, based on continuous client feedback and extensive development, which will help strengthen its overall capabilities and performance.
Jersey signs DTA with Luxembourg
Jersey has signed a comprehensive Double Taxation Agreement (DTA) with Luxembourg, which meets the OECD tax standards on transparency and information exchange.
BNY Mellon Reports First Quarter Loss of $0.23 Per Common Share; EPS of $0.50 Excluding the Previously Announced Charge Related to the Disallowance of Certain Tax Credits
The Bank of New York Mellon Corporation (BNY Mellon) (NYSE:BK) today reported a first quarter net loss applicable to common shareholders of $266 million, or $0.23 per diluted common share, which included a previously announced charge of $854 million, or $0.73 per common share, related to the U.S. Tax Courts disallowance of certain foreign tax credits.
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David Zahn to Lead Franklin Templeton Initiative to Enhance European Fixed Income Capabilities
Franklin Templeton Investments is pleased to announce a major initiative to enhance its European fixed income capabilities in recognition of growing institutional and retail client demand for dedicated European fixed income strategies.
Bank of America’s wealth unit posts 31% rise in Q1 income
Bank of America’s Global Wealth and Investment Management division has posted a net income of $720 million for the first quarter of 2013, an increase of 31% compared to $550 million reported a year ago.
Barclay Hedge Fund Index Gains 1.12% in March
Hedge funds gained 1.12% in March, according to the Barclay Hedge Fund Index compiled by BarclayHedge. The Index is up 3.96% year to date, and has enjoyed ten straight months of gains.
Qatar plans to buy more hedge funds to boost asset management industry
The Qatar Financial Centre has, reportedly, planned to buy hedge funds as part of a strategy to bolster the asset management industry based in the country.
Investor confidence higher in UAE than Hong Kong and Singapore: FPI report
UAE investors are now more confident in their local investment market than their counterparts in Hong Kong and Singapore, according to Friends Provident International (FPI) Investor Attitudes report.