All articles by Verdict Staff
Verdict Staff
Half of investment company sector yielding 3% or more: AIC
Among conventional investment companies with a dividend, some 49% are yielding 3% or more almost half of the sector, according to a research by the Association of Investment Companies (AIC).
BMO Financial’s wealth arm registers 2% rise in Q1 income
BMO Financial Group’s wealth management division has reported an adjusted net income of C$186m for the first quarter of 2015 ended 31 January 2015, up 2% from C$182m a year earlier.
German prosecutors raid Commerzbank over tax fraud by Luxembourg clients
German prosecutors have raided Commerzbank’s commercial offices across Germany over allegations of tax evasion by clients with accounts in Luxembourg.
Carey Olsen opens BVI litigation practice
Offshore law firm Carey Olsen has expanded its global litigation offering by opening a new litigation and insolvency practice in the British Virgin Islands (BVI).
Aviva’s asset management arm fined £17.6m by FCA
Aviva Investors Global Services, the asset management unit of insurance firm Aviva, has been slapped with a penalty of £17.6m by the Financial Conduct Authority (FCA) for systems and controls failures spanning from 20 August 2005 to 30 June 2013.
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EFG International profit rises by 18% in 2014
Swiss private bank EFG International has reported a underlying net profit attributable to ordinary shareholders of CHF130.7m for the year ended 31 December 2014, an increase of 18% compared to CHF111.2m in the year ago period.
InCore Bank selects SunGard solution to lower operational risks for Swiss private banks
Switzerland-based InCore Bank has partnered with SunGard, a provider of technology services to the financial services industry, to provide a solution that reduces operational complexity and cuts costs for Swiss private banks.
RBS to hire bad bank chief as new head of investment bank
Royal Bank of Scotland (RBS) is set to appoint Rory Cullinan, head of its bad bank, as the new head of its struggling investment bank to oversee a major scaling back of the unit.
RBS wealth chief to step down amid management changes
Royal Bank of Scotland (RBS) chief executive of wealth arm Rory Tapner has reportedly decided to step down as part of a string of management changes undergoing in the bank.
Uptake in private placement as Jersey funds industry reaches seven year high: JFSC
A strong performance in Jersey’s funds sector in 2014 has seen the value of fund assets administered in the jurisdiction increase by almost one fifth year-on-year to reach the highest level in seven years, according to data from the Jersey Financial Services Commission (JFSC) for the period ending December 2014.