All articles by Verdict Staff
Verdict Staff
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.
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.
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Scotiabank to digitise various operations to support growth
Canadian lender Scotiabank has announced plans to implement digital innovation across all its customer touch points to boost operational efficiency.
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.
Mid Penn Bank names new director of trust and wealth management
US lender Mid Penn Bank has appointed Joseph Paese as its new executive vice president and director of trust and wealth management.
Nomura Bank (Luxembourg) to deploy SimCorps investment management platform
SimCorp has inked an additional license agreement with Nomura Bank (Luxembourg) under which the bank will utilize the technology vendors investment management solution, SimCorp Dimension.