All articles by Verdict Staff
Verdict Staff
Citigroup profit rises in Q4; private bank revenues up 3%
American banking giant Citigroup has posted a rise in its fourth-quarter net income to $3.3bn, or $1.02 per diluted share, compared to $344m or $0.06 per diluted share a year earlier.
Hawksmoor splits off fund and private client businesses
Hawksmoor Investment Management has separated its fund and private client management businesses to promote its fund management capability.
Banc of California receives approval to launch new trust division
Banc of California has secured approval from the Office of the Comptroller of the Currency to launch its new trust division in the first quarter of 2016.
62 richest people own as much wealth as half of the world: Oxfam
The richest 62 people across the globe now hold as much wealth as 3.6 billion of the world’s poorest a figure that has fallen from 388 just five years ago, according to an Oxfam report.
Wells Fargo wealth arm posts 15% rise in Q4 income
The wealth and investment management (WIM) unit of Wells Fargo has posted a net income of $595m for the fourth quarter of 2015, up 15% compared to $519m in the year ago quarter.
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HSBC Asset Management India appoints new CEO
HSBC Asset Management India has appointed Ravi Menon as its chief executive officer. He replaces Puneet Chaddha, who was promoted to head up the South East Asian business of HSBC Global Asset Management in Singapore last November.
JPMorgan Q4 net income up 10%
American banking giant JPMorgan Chase has posted a net income of $5.4bn for the fourth quarter of 2015, an increase of 10% compared to $4.9bn in the year ago quarter.
Greece, Germany signs deal to clamp down on tax evasion
Greece and Germany authorities have signed a joint declaration of intent to exchange information and know-how aimed to combat tax evasion on Greece.
Ashmore AuM shrinks to $49.4bn in Q2
British fund manager Ashmore Group has said that its assets under management (AuM) declined 3% to $49.4bn during the second quarter ended 31 December 2015, compared to $51.1bn in the previous quarter.
Vistra Group buys Swiss family office and consulting firm globalOne
Vistra Group, a provider of corporate, trust and fund administration services, has purchased globalOne, a Zurich-based family office and consulting firm that specialises in providing fiduciary and family office services to clients mainly based in Asia.