All articles by Verdict Staff
Verdict Staff
Ashmore Group pre-tax profit up 37%
British investment manager Ashmore Group has reported statutory pre-tax profit of £110.7m for the six months ended 31 December 2014, up 37% compared with £80.8m a year ago.
Fund sales reach record high in 2014: HKIFA
The fund industry registered record high gross sales of US$77.7 billion in 2014, according to the Hong Kong Investment Funds Association (HKIFA).
Indonesia plans to create new $8bn Islamic bank
Indonesia is pushing forward its plans to create a new $8bn Islamic bank to combat dominant foreign competitors in the country and help Islamic banking industry offer services at more competitive rates.
Growing complexities of asset management demand advanced operating capabilities: SEI
Investment organizations will need sophisticated operating capabilities that support their business strategies if they want to be competitive in an increasingly complex industry, according to a report by SEI titled Evolving in the New Operational Frontier.
Can we trust Cryptocurrencies?
It is a truth universally acknowledged, that a currency system seeking successful adoption must be in want of trust. Trust that a representation of value, such as a paper note, is backed by real value or a genuine obligation to repay; trust that those representations will be accepted by others as such; and trust that the representations of value are not counterfeit.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
UK financial sector bonuses since financial crisis to top £100bn this year
Bonuses paid out in the UK financial services sector since the start of the financial crisis in 2007 are likely to top £100bn by the end of this year, according to data from the Robin Hood Tax campaign.
The Common Reporting Standard (CRS): A New Global Challenge in Tax Regulation
In recent years, the global fight against tax evasion has intensified, as governments around the world have introduced new reporting requirements. To date, the Common Reporting Standard (CRS) is by far the most far-reaching regulation in this space. It raises many questions about the technology that financial firms use for their regulatory reporting.
Switzerland signs tax information sharing accord with Italy
Switzerland and Italy have signed an agreement to exchange information for tax purposes in line with international standards as international pressure continues to mount on Swiss authorities over bank secrecy and tax evasion.
Afriland First Bank opens new Islamic window
Cameroon-based Afriland First Bank has joined forces with Islamic Corporation for the Development of the Private Sector (ICD), a Jeddah-based unit of Islamic Development Bank, to launch a new Islamic window, reported Reuters.
UK mulls to introduce new tax evasion laws
The British government will mull over introducing a law which would punish organisations for aiding people evade tax, a senior figure in Britain’s finance ministry said in the wake of scandal surrounding HSBC.