All articles by Verdict Staff
Verdict Staff
Tilney Bestinvest expands financial planning team
British financial planning and investment advisory group Tilney Bestinvest has bolstered its financial planning team by hiring Cathy Geary as associate director of financial planning.
Everest Capital shuts six hedge funds following Swiss franc debacle
Miami-based Everest Capital is closing six out of its seven remaining hedge funds owing to bets on the Swiss franc that backfired as Swiss National Bank (SNB) removed a cap on the currency’s value against the euro.
Greenwoods AM buys majority stake in Chang An Fund Management
China’s Greenwoods Asset Management has acquired a majority stake in mid-size asset manager Chang An Fund Management (CAFM) for RMB70m ($11.2m).
FCA issues new guidelines for social media use by financial services firms
UKs Financial Conduct Authority (FCA) has come up with new guidelines for financial services firms on how they should use social media for promotions in compliance with regulations.
HSBCs Swiss private bank to face criminal trial under French law
The French financial prosecutor’s office has demanded criminal trial for HSBC’s Swiss private bank concerning the tax dodging case.
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Ameriprise’s Advisor Group president to step down
Ameriprise Financial’s Personal Advisors Group president Donald Froude has decided to step down from his role at the end of March, 2015.
Andorras government suspends BPA board over money laundering allegations
The government of Andorra has dismissed the board of private bank Banca Privada dAndorra (BPA) over charges of money laundering activities leveled by the US.
CRT Capital Group to buy Sterne Agees institutional equity business
CRT Capital Group, a US-based independent institutional broker-dealer, has inked an agreement with Sterne Agee Group and Stifel Financial to purchase Sterne Agees institutional equity operations.
ETFs and ETPs listed in Europe reachedUS$494bn in assets in February: ETFGI
Assets invested in ETFs/ETPs listed in Europe reached a new record high of US$494bn at the end of February 2015, according to ETFGI’s monthly ETF and ETP global insight report for February.
US seeks billions from global banks for currency market manipulation
The US Justice Department has sought about $1bn from each global bank being investigated for manipulation of currency markets.