All articles by Verdict Staff
Verdict Staff
Swiss private bank Banque Bonhote & Cie reaches deal with US to settle tax evasion case
Swiss private bank Banque Bonhote & Cie has reached resolution with the US Department of Justice (DoJ) over the tax evasion cases under the department’s Swiss bank programme.
ABN AMRO fined by Netherlands and Dubai regulators over irregularities
The supervisory authorities in the Netherlands and Dubai have fined ABN AMRO for serious shortcomings in the client acceptance and risk management processes, aimed at preventing money laundering at its private banking branch in Dubai.
Kaleido launches university training program for financial advisors
Kaleido, a US-based practice growth agency in the independent advisory firm space, has introduced a Practice Management University program (PMU) to educate financial advisors how to grow their businesses.
ING Group registers 15% jump in Q3 net income
Dutch banking major ING Group has posted a net income of EUR1.06bn for the third quarter of 2015, a jump of 14.7% compared with EUR928m in the year ago quarter.
BlackRock to buy Bank of America’s $87bn money-market fund business
Fund management giant BlackRock has agreed to buy Bank of America’s $87bn money-market fund business.
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John Hancock acquires certain assets of Transamerica Financial Advisors
John Hancock Financial Network, a distribution channel of John Hancock, has agreed to acquire certain assets of St. Petersburg, Florida-based Transamerica Financial Advisors (TFA), a Transamerica company.
LifeSight appoints Legal & General to provide investment platform and DC funds
LifeSight, Towers Watson’s master trust, has appointed Legal & General Investment Management (LGIM) to provide an investment platform and DC funds.
KPMG acquires technology assets of G2 FinTech to boosts hedge fund tax compliance
KPMG has acquired from G2 FinTech, a boutique tax technology firm, all of its US tax software and intellectual property, including its flagship product, TaxGopher.
Manulife Private Wealth opens office in Hong Kong
Manulife Private Wealth has opened an office in Hong Kong to especially serve those Hong Kong and mainland China high-net-worth (HNW) investors who are planning to immigrate to Canada.
AlphaClone introduces AlphaClone International Downside Hedged Index
AlphaClone has launched AlphaClone International Downside Hedged Index, which seeks to give investors the potential to outperform broader international markets by accessing the investment ideas of the world’s most established hedge funds.