All articles by Verdict Staff
Verdict Staff
Croatia, US sign FATCA deal to clamp down on tax evasion
Croatia and the US have inked a deal on the application of the Foreign Account Tax Compliance Act (FATCA) concerning accounts in foreign financial institutions.
Kuveyt Turk set to launch Islamic bank in Germany
Turkish lender Kuveyt Turk is set to become first Islamic bank to get approval from the German financial regulator Bafin to launch a full-fledged Islamic bank in the country and offer sharia-compliant retail banking services.
Greenwich, ResponseTek join forces to create new solution for financial services industry
Greenwich Associates has struck a strategic alliance with ResponseTek to create a new end-to-end customer experience solution for the North American financial services industry.
SigFig launches SigFig Guidance to help investors losing money due to common mistakes
SigFig has launched SigFig Guidance, a free investment tool specifically designed to analyze any portfolio in less than five minutes, offering unbiased, actionable suggestions to optimize returns and reduce fees.
Hedge fund industry blind spots persist: Northern Trust
Amid the rapid growth of the hedge fund industry and the complex regulatory climate following the financial crisis, hedge fund managers and institutional investors have differing views on transparency and independent controls, according to a new survey by Northern Trust.
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DMS Offshore Investment Services expands international tax compliance group
DMS Offshore Investment Services, a fund governance firm, is expanding its international tax compliance group to better serve private investment funds in meeting their compliance obligations under various international tax initiatives worldwide.
Old Mutual Wealth names new chief distribution officer
Old Mutual Wealth, UK-based advice-driven investment solutions provider, has hired Openwork CEO Mary-Anne McIntyre as its new chief distribution officer.
BNP Paribas may exit from Indian asset management business-report
French lender BNP Paribas is reportedly planning to exit its asset management operations in India.
RBS close to reaching deal with UBP for Coutts International sale
The Royal Bank of Scotland Group (RBS) is reportedly close to a reaching an agreement with Swiss private bank Union Bancaire Privee (UBP) for the sale of Coutts International.
BNY Mellon agrees to pay $714m to settle FX-related cases
BNY Mellon has agreed to pay a total of $714m to resolve substantially all of the foreign exchange (FX)-related actions currently pending against the company.