All articles by Verdict Staff
Verdict Staff
DBS Bank rolls out additional security measures to guard against unauthorised ATM withdrawals
In light of the recent skimming incident, DBS Bank said today it is fast-tracking the rollout of additional security measures to further guard against unauthorised ATM withdrawals.
Britain, Hong Kong to develop London as trading hub for RMB
The Hong Kong Monetary Authority (HKMA) and the UK Treasury have launched a joint private-sector forum to enhance cooperation between Hong Kong and London on the development of offshore renminbi (RMB) business.
Emerging long-term trends key to unlocking wealth in Asia, says Cerulli study
Mutual funds, that do not currently have a strong presence among Asian investors, can gain access to a larger piece of Asians’ wealth, if they can carve opportunities out of several long-term developments such as changes in regulation that will actually expand investment opportunities and demographic and market developments, according to a new study by financial research firm Cerulli.
Ameriprise Financial forays into Indian financial planning services market
Ameriprise Financial, a US$11.5 billion US-based diversified financial services company, has begun operation in India to offer financial planning and advisory services to High Net worth Individuals (HNWI).
Micro Focus, CSC collaborate to develop advanced tech solution for banking industry
Micro Focus, a provider of enterprise application solutions, has teamed up with IT services major CSC to deliver comprehensive software solution to the financial services industry.
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UBS wary of growth in emerging markets
Swiss banking major UBS in its latest research report has said that the economic growth in emerging markets has past its peak, with much of the slowdown concentrated in Asia and Latin America.
IRS opens third Offshore Voluntary Disclosure Program
The US Internal Revenue Service (IRS) has reopened its third Offshore Voluntary Disclosure Program (OVDP) that allows wealthy US citizens to disclose their undeclared offshore wealth.
Institutional mangers positive about US, worried over Europe, Northern Trust survey
According to a new survey report published by Northern Trust, a provider of multi-manager investment solutions with US$221 billion in private client AUM as of September 30, 2011, confidence of institutional investment managers in the US economy is fast improving, but they see European debt crisis to be the primary threat to equities markets.
J&T BANKA continues to grow. Third-quarter profits exceed CZK 900 million
J&T Banka continued to maintain its dynamic growth during the third quarter. According to the preliminary consolidated results, as of 30 September 2012 the balance sheet total had increased by 38% year-on-year to reach a level of CZK 87 billion and operating profit tripled to over CZK 1.5 billion. After-tax profit is more than CZK 900 million.
HNWIs tendency to hold assets in legal structure increases with wealth, says study
Wealthier investors are significantly more likely to use estate planning tools in particular, a Will and Trust, according to a fourth quarter study by Millionaire Corner that examines the use of financial products by investors from a range of wealth levels.