All articles by Verdict Staff
Verdict Staff
Seven banks under investigation over Libor scandal
The Britain financial regulator, Financial Services Authority (FSA) is investigating seven financial institutions over Libor manipulation.
HSBC may be fined for money laundering
After having failed in its control in anti-money laundering cases, HSBC may be the next UK-based bank to be fined.
Financial Planning Association inks deal with FiPath for Advisors
Financial Planning Association has entered into a strategic collaboration with FiPath for Advisors, which will bring FiPaths educational resources and marketing tools to FPA members.
Deutsche Bank Private Wealth Management appoints managing director and private banker
Deutsche Bank Private Wealth Management (PWM) has appointed Carlos Arrizurieta as a Managing Director and Private Banker, focusing on wealth management solutions for HNWI and families.
Provident Bank launches wealth management services
Provident Bank, a subsidiary of Provident New York Bancorp, has launched a new Wealth Management Services practice and has made new appointments.
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SEB: Second quarter of 2012: Operating profit SEK 3,951m
“SEB’s relationship banking model has supported a high and stable level of earnings in a quarter marked by a challenging environment. Putting the customer’s perspective front and centre yields real results,” says Annika Falkengren, SEB’s President and CEO, commenting on the second quarter 2012 result.
Coutts denies leak of German client accounts
According to the Financial Times Deutschland, a CD with the names of 1,000 clients of the banks Swiss branch was sold for £2.75m ($4.25m) sold to officials of the western German state of North Rhine-Westphalia last week.
Lombard International Assurance appoints executive director
Luxembourg-based Lombard International Assurance, a provider of wealth management solutions, has appointed Vincent Pinte as executive director for business development and marketing.
Ludlow Wealth Management expands team
UK-based Ludlow Wealth Management has appointed Greg OBrien to its team of financial consultants.
France, Germany raid Swiss bank clients on tax probe
As part of crackdowns on foreigners suspected of evading taxes through two of the Swiss banks, the German tax authorities have launched raids into Credit Suisse clients, while the French officials have searched the homes of UBS employees.