All articles by Verdict Staff

Verdict Staff

BNP Paribas sets up intermediate holding company in US

French banking group BNP Paribas has created an intermediate holding company (IHC) in the US to comply with new regulation that requires the bank to place all its controlled US units under a US holding company.

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 Britain’s decision to exit the European Union.

FirstRand taps AxiomSL’s regulatory reporting solution

FirstRand Bank (London Branch) has implemented AxiomSL’s regulatory reporting solution.

1919 Investment Counsel opens new office in Alabama

1919 Investment Counsel, a division of Stifel Financial, has opened a new office for former Sterne Agee Family Office Team in Birmingham, Alabama.

Link Digital Solutions collaborates with robo-adviser Ignition Wealth

Link Digital Solutions, a provider of digital and mobile solutions, has partnered with Ignition Wealth to provide superannuation fund members with seamless access to advice tools via Link’s online member portals.

Avondale buys investment advisory firm The Steine & Gooch Company

Avondale Group, the parent of Avondale Partners, has acquired Nashville-based investment advisory and portfolio management firm The Steine & Gooch Company.

IMF labels Deutsche Bank riskiest financial institution worldwide

The International Monetary Fund (IMF) has termed German banking major Deutsche Bank as the riskiest financial institution across the globe.

United Overseas Bank suspends London property loans due to Brexit concerns

Singapore’s United Overseas Bank (UOB) has suspended its loans programme for London properties citing uncertainties caused by UK’s decision to exit the European Union.

Wilmington Trust names private banker for Palm Beach office

Wilmington Trust has appointed Matthew King as a private banker for its North Palm Beach office.

Walker Crips pre-tax profit doubles

UK-based wealth management firm Walker Crips has reported a pre-tax profit of £0.94m for the year ended 31 March 2016, compared to £0.44m a year ago.