All articles by Verdict Staff
Verdict Staff
Synchron sets up new investment company
Australian non-institutional licensee Synchron has set up a new company to offer investment solutions to its advisors.
Banco Santander profit almost halves in Q2
Spanish banking group Banco Santander has reported attributable profit of 1.28bn for the second quarter of 2016, down 49.7% from 2.54bn a year ago.
UK parliamentary report recommends FCA split
The Treasury Select Committee (TSC) has recommended splitting of the UKs Financial Conduct Authority (FCA) to create a separate enforcement body.
Deutsche Bank wealth arm pre-tax income slumps 61% in Q2
The Private, Wealth & Commercial Clients (PW&CC) unit of Deutsche Bank has reported pre-tax income of EUR187m for the second quarter of 2016, down 61.3% from EUR483m in the prior-year quarter.
Man Group H1 pre-tax profit slumps 65%
Man Group, a London-based asset manager, has reported adjusted profit before tax of $98m for the first half of 2016, down 65% from $280m a year ago.
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Global markets and growth to stay under Brexit cloud
Investors may be confused by what seems like a post-Brexit disconnect in global markets, with dread felt immediately after Brexit followed by record highs in US equities and more. However, the markets are not as disconnected as they seem and the post-Brexit story is not even close to being fully played out, writes Krishna Memani, Chief Investment Officer at global asset manager OppenheimerFunds
EFG International first-half net profit slumps 53%
Swiss private bank EFG International has posted a net profit of CHF22.3m for the first six months of 2016, a slump of 53% compared to CHF48m a year ago.
Waddell & Reed Financial names chief risk officer for investments
Waddell & Reed Financial has appointed Daniel Scherman to the newly created role of chief risk officer for its investment adviser subsidiaries, Waddell & Reed Investment Management Company and Ivy Investment Management Company.
Vontobel registers 8% rise in H1 net profit
Swiss asset and wealth manager Vontobel has posted a group net profit of CHF105.7m for the first half of 2016, an increase of 8% compared to CHF97.8m a year ago.
E*TRADE snaps up online brokerage OptionsHouse for $725m
E*TRADE Financial has agreed to acquire Aperture New Holdings, the ultimate parent company of OptionsHouse, for $725m in cash to boost its derivatives capabilities.