All articles by Verdict Staff
Verdict Staff
Financial services firms lack the talent they need to succeed: PwC
Seventy per cent of CEOs in the financial services (FS) sector see the limited availability of key skills as a threat to their growth prospects, a big jump from the already 59% high of last year, reveals a report by PwC.
HSBC pre-tax profit drops 17%
HSBC has said that its pre-tax profit for the year ended 31 December 2014 fell 17% to US$18.7bn from US$22.6bn a year ago.
Standard Life Investments pre-tax operating profit up 30%
Standard Life Investments operating profit before tax was £257m for the year 2014, an increase of 30% compared with £197m a year ago.
UK house price expectations fall to 18 month low: Knight Frank
Households perceive that the value of their home rose in February, according to the House Price Sentiment Index (HPSI) from Knight Frank and Markit Economics.
Harbour Asset Management teams up with T. Rowe Price to launch PIE fund
New Zealand-based Harbour Asset Management has teamed up with Baltimore-based asset manager T. Rowe Price to launch a new wholesale global equity Portfolio Investment Entity (PIE) Fund in New Zealand.
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Stifel in acquisition talks with brokerage Sterne Agee
Stifel Financial has reportedly commenced discussions to acquire Alabama-based brokerage Sterne Agee Group.
European alternative finance market could top 7bn in 2015: EY
The European online alternative finance market grew by 144% last year to nearly 3bn and could top 7bn in 2015, according to the first comprehensive pan-European benchmarking of alternative finance produced by the new Centre for Alternative Finance at University of Cambridge Judge Business School and professional services organization EY.
PIMCO chief economist to quit
PIMCO chief economist and managing director Paul McCulley is set to step down from his role less than a year after rejoining the firm on 28 February 2015.
Wilson HTM Investment to spin off private wealth business
Listed funds manager Wilson HTM Investment Group (WIG) is set to spin off its private wealth unit in a $5m deal.
Ex-UBS banker to testify in France against the Swiss bank
Former UBS banker Bradley Birkenfeld, who helped the US agencies prosecute his employer for aiding tax evasion, has received approval to travel to Paris and testify in French tax evasion probe as well.