All articles by Verdict Staff
Verdict Staff
SEB: Investment Outlook: Equities regaining their role in financial market
Among problem-filled political processes, the economic recovery has been pushed into the background. Recession risks are down sharply, and there is a growing likelihood of better times ahead. This is the main theme of SEB’s quarterly Investment Outlook report.
Millionaires cautioned against taking rash decisions
Financial advisors have cautioned millionaires against taking rash decisions, following the re-election of president Barack Obama, Congress grappling with the issues concerning fiscal cliff, sobering economic news from Europe and falling US markets, according to a survey by Millionaire Corner.
US Bank hires three veterans at wealth management business in Florida
US Bank has appointed three industry veterans to the Private Client Reserve in Palm Beach and Naples and has thus given a boost to its wealth management business, reported Bank Investment Consultant.
BNP Paribas designs new solutions for entrepreneurs in France, Italy
BNP Paribas Wealth Management has developed new solutions in order to support the entrepreneurs in France and Italy.
Coutts appoints head of private office for North Asia
British private bank Coutts has appointed Joseph Lam as the managing director and head of the private office for North Asia.
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Morocco Finance Minister cautions on wealth tax
The Finance Minister of Morocco, Nizar Baraka, has drawn attention to the need of the government to examine both feasibility and profitability of tax on wealth before any such tax is introduced in Morocco, Tax-News.com reported.
Australia to launch new investor visa class to attract the super-rich
Australia is all set to launch a new visa class, called Significant Investor Visa, which permits HNWI to apply for a visa on the basis of investing US$5.2 million in government determined compliant investments.
Generali offers sale of BSI Group to buyout firms
Italy-based Assicurazioni Generali SpA (G) is seeking offers from buyout firms including Apax Partners LLP and companies such as Royal Bank of Canada (RY), for its Swiss private bank BSI Group, reported Bloomberg quoting three people with knowledge of the situation.
UBS may be fined US$2.3 billion over rogue trade
Financial Services Authority (FSA) may fine UBS with a record fine of US$2.3 billion over rogue trade.
Standard Chartered appoints new head of private banking for NE Asia & HK
Standard Chartered Private Bank has appointed Desmond Liu as the managing director and head of private banking for North East Asia (NEA) & Hong Kong.