All articles by Verdict Staff
Verdict Staff
Credit Suisse relocates Middle East private banking research division head
Switzerland-based private bank, Credit Suisse has relocated the head of its Middle East private banking equity research division to Geneva, Reuters reported.
Royal Bank of Canada acquires RBC Dexia
Royal Bank of Canada (RBC) has acquired the 50% stake of RBC Dexia Investor Services (RBC Dexia), that RBC did not already own from Banque Internationale à Luxembourg SA (BIL).
Northern Trust appoints former wealth manager from PNC Bank
US-based Northern Trust, provider of wealth management services has hired Timothy P. Mertz, a former wealth manager at PNC Bank to its wealth management office in Washington, DC.
RBS may be fined over Libor scandal
According to the chief executive of the Royal Bank of Scotland (RBS) Stephen Hester, the bank may be fined for its role in the Libor rigging scandal.
Adviser confidence in global economy slides, study
According to the International Adviser Confidence Barometer conducted by Skandia International, the financial advisers sentiment towards the state of the global economy has turned negative in Q2 across all regions surveyed.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
Rathbones to be restricted post-RDR
UK-based Rathbone Investment Management will be restricted post-RDR, while pension and advisory arm will remain independent.
HSBC Mexico fined $27.5m amid AML scandal
HSBCs Mexican unit has been fined $27.5m for non-compliance with anti-money laundering (AML) systems and controls by Mexican authorities, following on from a US Senate investigation on drugs and terrorist financing.
Advisors prefer nontraditional investments, study
A study by investment management company OppeneheimerFunds has found out that majority (97%) of the advisors recognize the importance of emerging markets exposure and prefer nontraditional investments that are income generating.
Raymond James Q3 net income up 63%
Brokerage and investment bank Raymond James Financial Inc has reported net income of $76.4m or $0.55 per diluted share for the third quarter of fiscal 2012, compared with $46.7 or $0.37 per diluted share for the third quarter of fiscal 2011.
Hawksford acquires Trustcorp Jersey
UK-based independent wealth structuring company, Hawksford, has acquired trust and corporate services provider, Trustcorp Jersey as a part of the companys growth strategy.