All articles by Verdict Staff
Verdict Staff
Total income down, pre-tax up at Barclays in H1
Total income slid by £4m ($6.23m) to £892m at Barclays in the first half six months of 2012 but increased 5%, or £44m, on a year-on-year basis. Pre-tax profits increased by 38%, or £33m ($51.4m), to £121m at Barclays in the first half of 2012 compared to the first half of 2011.
Ameriprise Financial Q2 income down by 29%
Ameriprise Financial, Inc. has reported second-quarter net income attributable to the company of $223m or $0.99 per share, down from $315m or $1.25 per share in the comparable quarter last year.
RDR to benefit Multi-Manager funds, research
A research conducted by Multi-Manager Forums, and hosted by Cazenove Capital Management, Henderson Global Investors, Jupiter, Skandia Investment Group and Thames River has revealed that 69% of advisors believe that Multi-Manager funds will benefit from the introduction of the retail distribution review (RDR).
BNY Mellon expands Wealth Management Services in Western Florida
As a part of expanding its business in the region, BNY Mellon has hired Preston Came, a former wealth strategist at Northern Trust as a senior director for its Naples, Florida office.
GAM forms investment advisory board for managed portfolio unit
GAM, a UK-based investment management firm, has formed a new investment advisory board for its managed portfolio business, to be chaired by the managed portfolios global head of investments Graham Wainer.
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EFG International H1 net profit declines
Swiss private bank EFG International has reported a net profit of CHF53.1m in the first half of 2012, down from CHF55.9m a year earlier.
Former HSBC employee arrested over stolen data
Former HSBC employee Herve Falciani has been arrested in Spain at the request of Swiss authorities seeking his extradition for stealing and passing on secret data.
Deutsche Q2 prelim flags 13% revenues slump
Deutsche Bank has released a preliminary statement ahead of its second quarter results which are due to be announced on 31 July.
IFAs believe DIY investors are become savvier: Report
According to a research report published by UK-based Legal & General Investments 95% of IFAs believe their clients are increasingly trying their hand at DIY investing.
Commerce Bank chooses new technology to manage foreign exchange trading
US-based Commerce Bank, a provider of personal banking and wealth management business, has selected Spectrum from Financial Software Systems to manage its foreign exchange trading activities.