All articles by Verdict Staff
Verdict Staff
Dubai Islamic Bank Group net profit up by 17 per cent to AED 301.7 million
Dubai Islamic Bank Group (DIB) today announced its financial results for the three months ended March 31, 2013, registering strong growth across all areas of the bank. In the first three months of 2013, DIB reported a net profit of AED 301.7 million, compared to AED 258.5 million in the same period of 2012, an increase of 17 per cent.
Citigroups private banking division reports 5% rise in Q1 revenue
Citigroups private banking division has reported revenue of US$629 million for the first quarter of 2013, an increase of 5% from the prior year period.
BBVA Compass and Christie’s announce new partnership
BBVA Compass today announced a new partnership with Christie’s that combines the bank’s financial capabilities with the auction house’s expertise in collectible assets and will bring rarely seen pieces of art to the bank’s clients in a series of exclusive events.
PMI Release April 2013
Latest PMI data from the Bank of Scotland showed that growth of private sector activity north of the border slowed at the end of the first quarter.
Wealth managers keen to hike technology spending: Ernst & Young survey
Leveraging technology to provide a better experience for clients and advisors will be the strategic focus among wealth managers over the next two to five years, according to Ernst & Young LLP’s wealth management survey.
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UBS names new head of corporate client solutions for Europe
UBS AG has hired William Vereker, former co-head of investment banking at Nomura Holdings Inc., to help oversee its merger advisory and capital markets operations in Europe, reports Bloomberg.
Integrated Reporting Framework: IR could be the key that enables capital markets to focus on long term value
KPMG has welcomed the publication today of the International Integrated Reporting Councils (IIRC) Draft Integrated Reporting Framework as an important step on the journey towards better business reporting that could ultimately address the gap between reporting content and business value.
Standard Chartered appoints new CEO for Lebanon
Standard Chartered has hired Dan Azzi as chief executive of its Lebanon business.
Nerine Trust Company gets new managing director
Nerine Group of Fiduciaries, part of financial services provider Nerine Group, has appointed Jonathan Bailey as new managing director of Nerine Trust Company (BVI) Limited and promoted Wayne Francis as deputy managing director of the BVI office.
Crescent Wealth appoints leading international experts to Global Advisory Board
Crescent Wealth, Australias first wealth manager that invests in accordance with Islamic investment principles, today announced the appointment of a number of the worlds leading international experts on asset management, banking and Islamic wealth management to its Global Advisory Board.