All articles by Verdict Staff
Verdict Staff
KBL epb annual net profit surges 22%
Luxembourg-based KBL European Private Bankers (KBL epb), the parent company of UK-based Brown Shipley, has reported a net profit of EUR81m for 2015, a rise of 22% compared to the prior year.
Axa to sell Isle of Man operations
French insurer Axa has agreed to offload its Isle of Man-based offshore investment firm to the Life Company Consolidation Group (LCCG) for an undisclosed sum.
Lloyds pre-tax profit plunges 46% in Q1
Lloyds Banking Group has reported a statutory profit before tax of £654m for the first quarter of 2016, a fall of 46.1% compared to £1.21bn a year earlier.
NBAD profit plunges 11% in Q1; revenues at global wealth unit dips
National Bank of Abu Dhabi (NBAD) has posted a net profit of AED 1.27bn for the first quarter of 2016, down 10.7% compared to AED1.42bn in the year-ago quarter.
Barclays in negotiations with AnaCap to offload French retail and wealth businesses
Barclays has confirmed that it is in exclusive talks with private equity firm AnaCap Financial Partners for the sale of its retail banking, wealth, and investment management operations in France.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
Schroders Q1 profit slides 3%
British fund manager Schroders has posted a total profit before tax and exceptional items of £144.5m for the first quarter of 2016, down 3.4% compared to £149.6m a year ago.
Santander Q1 profit slides 5% to EUR1.63bn
Spanish banking group Banco Santander has reported an attributable profit of EUR1.63bn for the first quarter of 2016, down 4.9% from EUR1.71bn a year ago.
US, Panama ink data exchange agreement
In order to crack down on tax evasion, the US has signed a data exchange agreement with Panama that will allow the Internal Revenue Service to access information on bank accounts of US citizens in Panama.
EFG to acquire Luxembourg private banking business of UBI Banca International
Swiss private banking group EFG International has agreed to take over the Luxembourg-based private banking operations of UBI Banca International (Luxembourg) from Unione di Banche Italiane for an undisclosed sum.
Deutsche Bank wealth arm pre-tax income plunges in Q1
The Private, Wealth & Commercial Clients (PW&CC) arm of Deutsche Bank has reported a pre-tax income of EUR71m for the first quarter of 2016, down 82.4% from EUR403m in the year-ago quarter.