All articles by Verdict Staff

Verdict Staff

BBX Capital Completes The Sale Of 31 Single Family Lots For $1,240,000

BBX Capital (NYSE: BBX), formerly BankAtlantic Bancorp, announced that its subsidiary BBX Capital Asset Management has sold 31single family lots within the Oasis Key development for $1,240,000 million to Neil Neal Communities of Southwest Florida, LLC.

Standard Chartered Successfully Issued RMB Financial Bond in China

Standard Chartered Bank (China) Co., Ltd. (“Standard Chartered China”) recently announced that with the approval from China Banking Regulatory Commission and the People’s Bank of China, Standard Chartered China has successfully issued a financial bond (hereafter “the bond”) of RMB 5 billion in the domestic inter-bank bond market.

Hawksford wins best offshore trust company award

Readers of the publication, which are made up of banking, legal, accountancy, private client, wealth advisory and tax advisory firms, nominated entities they believed to be ‘best in class’ in 30 categories. Hawksford received the greatest number of votes in the best offshore trust company category.

Direxion launches ETFs targeting Brazil and South Korea

Direxion has added two new leveraged exchange-traded funds (ETFs) – the Direxion Daily Brazil Bull 3x Shares (BRZU) and Direxion Daily South Korea Bull 3x Shares (KORU) – to its portfolio.

Investors’ interest tilting towards emerging market funds: Morningstar

Investors are sticking with simplicity despite the trend for alternative fund launches and are showing more interest in emerging market funds than any other asset class in Q1, according to Morningstar.

Skandia senior portfolio manager to leave

Skandia, a part of Old Mutual Wealth, has said that Ryan Hughes will step down as a senior portfolio manager, to pursue other opportunities in the asset management industry.

Nomura appoints Scott Bugie as Head of FIG Ratings Advisory, EMEA

Nomura, Asia’s global investment bank, today announced the appointment of Scott Bugie as Head of FIG Ratings Advisory, EMEA, in a move that strengthens Nomura’s capabilities in debt capital markets for financial institutions.

Branson sells Virgin Money Australia unit

British entrepreneur Richard Branson has sold his Virgin Money financial services business in Australia to Bank of Queensland in a deal worth US$40 million.

Credit Suisse financial adviser gets reprimanded by the MAS

The Monetary Authority of Singapore (MAS) has reprimanded Toh Swee Beng, a financial adviser who acted as a representative of the Credit Suisse AG branch in Singapore.

Chase Earns Record Four TNS Choice Awards for Outstanding Customer Satisfaction

Chase earned an unprecedented four awards for providing outstanding banking and investment services to its customers in 2013, according to TNS, the world’s largest customer research company.