All articles by Verdict Staff
Verdict Staff
Cyprus rejects vote on bank deposit tax; banks to stay shut until Tuesday
The Cyprus parliament has rejected the plan to impose a tax on bank deposits, leaving the country’s bailout plan in doubt.
Risk Tolerance Influences Interest in ETFs
Investors who call themselves moderate or aggressive risk-takers are more than twice as likely as self-described conservative investors to allocate assets to exchange-traded funds, or ETFs, over the next 12 months, according to the latest monthly survey from Spectrem’s Millionaire Corner.
Former Citgroup Australia broker and client acquitted of insider trading charges
Two Western Australian men have been acquitted of multiple insider trading charges, according to the Australian Securities and Investments Commission (ASIC).
Hong Kong updates fund domiciliation regulation: KPMG
Hong Kong is in the process of updating its regulation on fund domiciliation in advance of a possible mutual recognition agreement with mainland China, according to KPMG.
Morningstar India Announces Winners for Morningstar Fund Awards 2013
Morningstar India, a subsidiary of independent investment research provider Morningstar, Inc. (NASDAQ: MORN), today announced the winning funds and fund houses for the Morningstar India Fund Awards 2013.
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Alpinvesta launches EIF fund in Gibraltar
Alpinvesta Asset Management has launched the DNA Managed Futures Multi Strategy Fund in Gibraltar.
Schedule 19 special stamp duty reserve tax abolished: Budget ’13
The UK government has planned to scrap the Schedule 19 stamp duty applied to UK-domiciled funds as it will save the asset management industry £145m a year, as announced in the UK budget 2013 yesterday.
Merrill Lynch appoints CIO for wealth portfolios
Bank of America Merrill Lynch (BofA) has appointed Mary Ann Bartels as CIO of portfolio strategies for the unit.
BNP Paribas makes senior appointments
Martine Tridde-Mazloum and Jean-Jacques Goron have been appointed as head of group corporate philanthropy and managing director of BNP Paribas Foundation, respectively.
Deutsche Bank increases US litigation provisions
Deutsche Bank’s provisions for mortgage-related litigation in the US has increased by EUR600 million (US$776 million) from preliminary estimates to EUR2.4 billion, as the lender adjusted figures for its preliminary 2012 earnings and capital ratios under International Financial Reporting Standards (IFRS) rules.