All articles by Verdict Staff
Verdict Staff
MUFG reorganises US units into single holding company
Japan’s Mitsubishi UFJ Financial Group (MUFG) has designated its US bank holding company MUFG Americas Holdings (MUAH) as its intermediate holding company (IHC) to comply with the US Federal Reserve Board’s final rules for Enhanced Prudential Standards (EPS Rules).
Barclays, HSBC confirm plans to retain operations in UK despite Brexit
Two of UK’s largest banks-Barclays and HSBC- have decided to retain operations in the UK following Britains decision to exit the European Union.
Columbia Threadneedle to expand Luxembourg presence following Brexit
Columbia Threadneedle is planning to expand its Luxembourg business following Britains decision to quit the European Union.
NBAD, FGB secure boards’ approval for merger
National Bank of Abu Dhabi (NBAD) and First Gulf Bank (FGB) have received approval from their boards for their merger that will create the largest bank in the Middle East and North Africa (MENA) with $175bn in assets.
Pacific Asset Advisors completes Cadence Capital Management acquisition
US-based investment management firm Pacific Asset Advisors (PAAL) has concluded the purchase of boutique investment firm Cadence Capital Management.
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State Street closes acquisition of GE Asset Management
State Street Corporation has closed the purchase of GE Asset Management (GEAM) from GE for an undisclosed amount.
Rathbones strengthens private office unit
British wealth manager Rathbones has appointed Ian Dembinski, Peter Arkell and Alex Dean for its private office division.
Understanding new regulations and anti-money laundering focus areas for financial firms: IPC
Gaining understanding of new regulations, managing operations in line with new regulations and anti-money laundering are among the key areas of focus for chief compliance officers and executives at financial services firms, according to a survey by IPC Systems.
Cayman Islands, Gibraltar financial regulators sign MOU
The Cayman Islands Monetary Authority (CIMA) has inked a memorandum of understanding (MOU) with the Gibraltar Financial Services Commission (GFSC) to facilitate regulatory cooperation for alternative investment fund managers.
HSBC concludes sale of Brazil business
HSBC has completed the sale of its Brazil business to Brazilian lender Banco Bradesco after securing all necessary regulatory approvals.