All articles by Verdict Staff
Verdict Staff
CIBC eyeing C$2bn wealth management deal in US
Canadian Imperial Bank of Commerce (CIBC) is in talks with several US firms on potential C$2bn ($1.63bn) wealth-management and private-banking acquisition in US, the banks CEO Victor Dodig said.
Goldman Sachs Asset Management to buy Pacific Global Advisors
Goldman Sachs Asset Management (GSAM) has struck an agreement to acquire New York City-based Pacific Global Advisors from Pacific Life Insurance Company.
Deutsche Bank fined $2.5bn for Libor rate manipulation
Deutsche Bank has agreed to pay $2.5bn to the US and UK regulators to resolve allegations that it manipulated the Libor benchmark rate.
Guernsey Finance names director of international business development
Guernsey Finance has hired Kate Clouston as its first director of international business development.
EFG International appoints new CEO
Swiss lender EFG International has named Joachim Straehle as its new CEO, who will replace John Williamson.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
Thomson Reuters names new wealth management head for North America
Thomson Reuters, a global mass media and information firm, has appointed David Akellian as the new managing director (MD) for its North American wealth management business.
CBA to pay additional $14m in compensation to victims of dodgy financial advice
The Australian Securities and Investments Commission (ASIC) has asked Commonwealth Bank (CBA) to pay up to $14m to victims of dodgy financial advice to have their cases independently reviewed.
BHF Kleinwort Benson Group names new chairman
BHF Kleinwort Benson Group has appointed Gerd Häusler as chairman of the company’s board of directors.
Improvements to wealth management operations and technology a priority for banks in Asia: SS&C
Banks in Asia do not have the technology to meet high net worth customers’ reporting and analytics demands, according to a survey by SS&C Technologies Holdings, a global provider of financial services software and software-enabled services.
Global liquidity pools continue to fragment: ISDA
Global derivatives markets are continuing to fragment along geographic lines as a result of divergent regulations across jurisdictions, according to new research published at ISDAs 30th Annual General Meeting in Montreal.