All articles by Verdict Staff
Verdict Staff
NBAD to expand wealth management business in Africa and Asia
National Bank of Abu Dhabi (NBAD) is reportedly targeting Africa and Asia to expand its wealth management business in order to maintain strong growth.
Standard Chartered to focus on wealth management business in Malaysia
Standard Chartered is reportedly planning to focus on wealth management in Malaysia as it sees an increasing growth and demand for wealth management products and services in the country.
CACEIS selects AIM Software for its data management needs
AIM Software, a provider of enterprise data management solutions, has signed a license agreement with CACEIS, a fund administrator. The firm has selected AIM Software to service both current and future data management needs.
Blackstone and Wells Fargo to buy GE Capitals real estate assets
Blackstone and Wells Fargo had signed agreements to purchase most of the assets of GE Capital Real Estate in a transaction valued at approximately $23bn.
Kamunting Street Capital to convert into a family office
Kamunting Street Capital’s founder Allan Teh said that the firm is planning to return outside capital and will convert into a family office to manage the investments.
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RBC may prune its international wealth-management unit-report
Royal Bank of Canada (RBC) is continuing a strategic review of its international wealth-management business with consideration for more asset sales, The Wall street journal has reported.
BMO InvestorLine enhances its Market Pro Platform
BMO InvestorLine has enhanced its trading platform, BMO Market Pro, for self-directed active traders and investors.
Deutsche Bank may face $1.5bn Libor fine
German lender Deutsche Bank is about to face a penalty of more than $1.5bn for allegedly manipulating Libor as it inches closer to a deal with probe agencies.
Deutsche Bank appoints new COO for Middle East and Africa
Deutsche Bank has named Javeed Ameen as its new chief operating officer (COO) for the Middle East and Africa.
France begins criminal investigation into HSBC over private bank tax offenses; sets EUR1bn bail
British banking giant HSBC has confirmed that its Swiss unit is being investigated by French authorities, for alleged tax evasion offences and made to post EUR1bn bail over allegations.