All articles by Verdict Staff
Verdict Staff
Nomura Q1 net profit slides 32%
Japanese financial major Nomura has reported a net profit of JPY46.8bn for the first quarter of fiscal year 2017, a slump of 32% compared with JPY69.6bn in the year ago quarter.
Piper Jaffray income slumps 25% in Q2
Piper Jaffray, a US-based asset management and investment banking firm, has posted adjusted net income of $13.94m for the second quarter of 2016, down 25.2% from $18.63m in the prior-year period.
UBS net profit dips 14% in Q2
Swiss banking giant UBS has reported an attributable net profit of CHF1.03bn for the second quarter of 2016, down 14% from CHF1.21bn in the prior-year quarter.
Legg Mason Q1 net income plummets 65%
US-based investment management firm Legg Mason has reported net income of $33.5m for the first quarter of fiscal year 2017, down 65% compared to $94.5m the year ago.
Boston Trust selects SS&C solution for enhanced data management needs
Boston Trust & Investment Management (Boston Trust) has tapped SS&C Technologies Advent Outsourcing Services for the firm’s improved hosting and data management needs.
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Route Trading unveils new anti-money laundering platform Money router
Route Trading has unveiled a new anti-money laundering technology, dubbed Money router, to counter the growing menace of illicit money transfers taking place in the UK.
Credit Suisse makes surprise return to profit
Swiss bank Credit has returned to profit in Q2, despite widespread predictions of a loss.
St. James’s Place pre-tax profit slides 10% in H1; FuM up 18%
British wealth manager St. James’s Place (SJP) reported profit before shareholder tax of £60.5m for the first half of 2016, down 9.7% compared to £67m a year ago.
YES BANK secures in-principle nod from SEBI for asset management business
Indian private sector lender YES BANK has secured the in-principle approval from the Securities & Exchange Board of India (SEBI) to start an asset management company (AMC), a trustee company and a mutual fund business.
GAM hires new group distribution head
Swiss money manager GAM has appointed Tim Rainsford as new group head of distribution, succeeding Craig Wallis, who will step down from his responsibilities and the firm on 31 December 2016.