All articles by Verdict Staff
Verdict Staff
Parliament votes reform package to act as rule book and strengthen EU banks
Changes voted by Parliament to cap banker’s bonuses to curb speculative risk-taking, step up capital provisions to help banks cope better with crises and stiffen supervision is expected to strengthen EU banks, 1 January 2014 onwards.
Germany acquires tax secrets data on Swiss bank accounts
Germany has reportedly acquired tax secrets data on 1,000s of Swiss bank accounts.
Transact deploys Calastones re-registration solution
Transact, an Australia-based telecommunications company, has selected London-based fund transaction network, Calastone, as the provider of its electronic, interoperable re-registration solution.
Coutts names new North Asia head
Coutts has hired David Lam as managing director and head of North Asia.
Italy freezes EUR1.8billion Nomura asset
The Italian police have frozen EUR1.8 billion (US$2.37 billion) of assets of the Japanese investment bank Nomura, as part of a widening criminal investigation into alleged financial malpractice at Monte dei Paschi di Siena.
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Grosvenor increases revenue profit for 2012
Grosvenor, the privately-owned international property group, reported increased revenue profits in 2012, up by 8.2% to £87.4m, reflecting lower costs and higher income.
UBS hires new COO for private banking unit
UBS has hired Blackrock’s German head Dirk Klee as chief operating officer of its flagship private banking arm.
LaSalle obtains approval from FSC to conduct asset management business in South Korea
LaSalle Investment Management, a US-based real estate investment management firm, has received a license from South Korea’s Financial Services Commission (FSC) to conduct asset management business in South Korea.
Boston Private Financial Holdings, Inc. Reports First Quarter 2013 Results
Boston Private Financial Holdings, Inc. (NASDAQ: BPFH) (the “Company” or “BPFH”) today reported first quarter 2013 GAAP Net Income Attributable to the Company of $13.2 million,
compared to $13.1 million in the fourth quarter of 2012.
Barings appoints head of operations from JP Morgan AM
Baring Asset Management has appointed JP Morgan Asset Managements Paul Loss as its head of operations.