All articles by Verdict Staff
Verdict Staff
Raymond James slashes 218 positions post Morgan Keegan acquisition
Wealth management firm Raymond James Financial has completed its acquisition of Morgan Keegan and slashed 218 positions in the process.
Risk of recession in the West lessens, survey
A survey by Standard Chartered titled Corporate Sentiment Survey shows that as the risk of a recession in the West lessens, there is greater optimism over the global outlook.
Raiffeisen Bank International annual consolidated profit down 11%
Austria’s Raiffeisen Bank International (RBI) has posted a consolidated profit of EUR968 million for the financial year 2011, a decline of 11% compared to EUR1.08 billion reported for the year 2010.
Two-thirds of affluent US households donate less than US$2,500 annually, study
Affluent investors donate less than US$2,500 in cash each year to one or more charitable organizations. The amount of annual cash donations does of course increase among higher income households, but not exponentially, according to a survey report published by Phoenix Marketing International.
Switzerland seeks legal assistance from Germany for client-data theft
Switzerland has asked German authorities for legal assistance for the arrest of three German tax investigators, accusing them of industrial espionage for buying the bank details of German tax evaders in February 2010.
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EFG Private Bank appoints new head to lead UK private banking operations
Switzerland-based EFG International has appointed Daniel Gerber as the new head of its private banking business in UK.
Investors confused about specific benefits of Traditional IRAs, Roth IRAs, says research
Investors between the ages of 21-50 are confused about the specific benefits of Traditional IRAs (Individual Retirement Accounts) and Roth IRAs, though most of them are generally familiar with their tax advantages and have used them to save for retirement, says a research report by T. Rowe Price.
European lawmakers may cap bankers’ pay
European bankers could see bonuses capped at twice their basic pay and forced to return “golden hellos” if performance disappoints, under draft European rules being drawn up.
Top brokerage houses losing grip on rich
The US brokerage houses such as Morgan Stanley Smith Barney, Merrill Lynch, Wells Fargo Advisors and UBS Wealth Management Americas have been losing their share of HNW clients assets, says a study by the research firm Cerulli Associates.
HSBC under lens for allegedly aiding wealthy Indians evade taxes
British banking giant HSBC may be prosecuted by the Indian Income tax department for allegedly helping Indians stashing money in Switzerland, reported a leading local English daily, The Times of India.