All articles by Verdict Staff
Verdict Staff
US signs FATCA agreement with UK
The US Treasury has signed a bilateral agreement with the UK, allowing it to enforce a law that targets offshore tax evasion.
Swiss banks to lose billions in deposits in tax evasion crackdown
Swiss banks could see European clients withdraw “hundreds of billions of francs” as a result of bank measures to stop foreigners using secret accounts to evade taxes, said UBSs head of wealth management Juerg Zeltner in an interview with the Schweizer Bank magazine.
UBS to limit bonuses of its bankers
UBS AG (USA) is planning to cap the bonuses of bankers as it seeks to join its European peers in cracking down on remuneration schemes following regulatory and investor pressure, the Financial Times reported.
ABN AMRO appoints head of Asian discretionary portfolio management
The Netherland-based ABN AMRO Private Banking has appointed Jacqueline Koo to the newly-created role of head of Asian discretionary portfolio management.
SEBI may put cap on advisor fee charges
As a measure to keep a check on the investment advisors possibly indulging in unfair trade practices, Securities and Exchange Board of India (SEBI) will set strict norms for them, including setting cap on the fees charged by investment advisors.
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Fund managers regard AIFMD as business threat, survey
The new survey by the business advisory firm Deloitte has shown that fund managers regard Alternative Investment Fund Management Directive (AIFMD) as a business threat.
Commonwealth Bank settles Storm Financial litigation with ASIC
The Commonwealth Bank Group (Group) reached a resolution with the Australian Securities & Investments Commission (ASIC) in relation to Storm Financial.
BMO Asset Management Announces Approval of Changes to Investment Objectives of Certain BMO ETFs
BMO Asset Management Inc. (BMO Asset Management) announced today that changes to the investment objectives of certain BMO Exchange Traded Funds (BMO ETFs) were approved at a special meeting of unitholders, such that they will seek to replicate the performance of new indices as follows:
Rockefeller & Co. appoints managing director and senior client advisor
Rockefeller & Co., Inc., a US-based wealth and investment management firm, has appointed Raymond Wareham as a managing director and senior client advisor.
Credit Suisse asset outflows could top CHF35bn
Cross-border tax crackdowns on offshore money could lead to outflows of CHF25-35bn ($250-350bn) from Credit Suisses over the next few years.