All articles by Verdict Staff
Verdict Staff
BNY Mellon reports 50% rise in Q2 income
The Bank of New York Mellon (BNY Mellon) has reported second quarter net income applicable to common shareholders of $830m, or $0.73 per diluted common share, an increase of nearly 50% compared with $554m, or $0.48 per diluted common share a year ago.
Federal Reserve directs major US banks to hold $200bn in extra capital
The Federal Reserve Board has approved a final rule that requires global systemically important banks, or G-SIBs, to hold an additional $200bn capital cushion to increase their resiliency in light of the greater threat they pose to the financial stability of the US.
CBNRI opens wealth management research center in Shanghai
CBNRI, a non-profit independent think tank research organization of First Financial Research, in collaboration with Jinlu Financial Advisor has established a new wealth management research center in Shanghai.
FCA chief executive Martin Wheatley resigns
Martin Wheatley had resigned as CEO of the Financial Conduct Authority (FCA) after the British government refused to extend his contract, which was due to end in March 2016.
GoldCore sells wealth management arm
Gold broker GoldCore has completed the sale of its wealth management division in a management buyout following the receipt of approval from the Central Bank of Ireland.
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Julius Baer names new head for Switzerland
Bank Julius Baer has named Barend Fruithof as new region head for Switzerland, effective 1 October 2015.
OMGI names new global head of investment consultant relationships
Old Mutual Global Investors (OMGI) has named Craig Stevenson as global head of investment consultant relationships to spearhead the fund managers push into the institutional sector.
Morgan Stanley wealth arm Q2 pre-tax income up 16%
Morgan Stanley’s wealth management arm registered a pre-tax income of $885m for the second quarter of 2015, up 16% compared with $763m in the corresponding quarter of 2014.
FE introduces new data management service for asset managers
FE, a financial data and research company, has introduced a new data management service for asset managers, called Precision +.
Asian hedge funds selects Broadridges investment management platform
Asian hedge funds ASIABosValen Asset Management and Pleiad Investment Advisors have selected Broadridge’s all-inclusive trading, portfolio management and operating platform.