All articles by Verdict Staff
Verdict Staff
Arbuthnot Banking Group names new CEO
UK-based Arbuthnot Banking Group (ABG) has appointed Ian Arthur Henderson as its new CEO, replacing James Fleming.
Deutsche Bank recruits new global compliance head
Deutsche Bank has appointed Pamela Root as its new global head of compliance and group chief compliance officer with effect from 6 June 2016, replacing Nadine Faruque.
Wells Fargo wealth arm registers 3% decline in Q1 income
The wealth and investment management (WIM) unit of Wells Fargo has posted a net income of $512m for the first quarter of 2016, a decline of 3.21% compared to $529m in the year ago quarter.
OMGI to unveil long/short equity fund in April
Old Mutual Global Investors (OMGI) is set to roll out a new long/short UCITS fund in April 2016 that will focus on UK equities outside the FTSE 100.
UBP closes purchase of Coutts activities in Singapore, Hong Kong
Swiss private bank Union Bancaire Privée (UBP) has closed the acquisition of Coutts International’s activities in Singapore and Hong Kong.
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Bank of Americas wealth unit reports 13% rise in Q1 income
The Global Wealth and Investment Management arm of Bank of America has reported a net income of $740m for the first quarter of 2016, up 13.5% compared to $652m in the year-ago quarter.
AZ Next Generation Advisory snaps up Priority Advisory Group
AZ Next Generation Advisory (AZ NGA) has agreed to acquire Priority Advisory Group (PAG), a Fortnum-aligned practice based in Sydney.
FCA acting head to step down in July
Financial Conduct Authoritys (FCA) acting CEO Tracey McDermott will leave the organization when its new chief executive, Andrew Bailey, takes over on 1 July 2016.
American employees stressed about overall financial future: BofA Merrill Lynch
American workers are now more concerned about their financial health and have become more pessimistic about their financial futures, compared to 2013, according to a report by Bank of America Merrill Lynch (BofA Merrill Lynch).
Regulators reject bankruptcy plans of five major US banks
US bank regulators have determined that five major banks including JP Morgan Chase and Wells Fargo would not be able to withstand a financial collapse without a taxpayer bailout.