All articles by Verdict Staff
Verdict Staff
Goldman Sachs sees 7% dip in Q4 income
Goldman Sachs has posted a net income of $2.17bn, or $4.38 a share for the fourth quarter of 2014, a decline of 7.1% from $2.33bn, or $4.60, a year earlier.
Attivo Group plans to double staff this year
Attivo Group, a UK-based wealth management firm, is seeking to double its staff over the course of the year, said the companys CEO Stephen Harper.
Evolving private banking markets in Switzerland and Singapore
Key findings of whitepaper The evolving private banking markets in Switzerland and Singapore: comparable or contrasting? written by Private Banker International and sponsored by Omgeo highlights how the two banking powerhouses are ever changing to combat the increasing pressure of a recovering industry
Lebenthal Wealth Advisors open new office in Michigan
Lebenthal Wealth Advisors, the wealth management arm of Lebenthal Holdings, has opened a new office in Birmingham, Michigan.
Kleinwort Benson expands corporate secretarial team in Jersey
Kleinwort Benson has hired Susan MacCabe as the new member of its corporate secretarial team team in Jersey, reports International Adviser.
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Ex- Fidelity executive partners with Spanish bank to launch investment firm in London
Firmino Morgado, a former Fidelity Worldwide Investment portfolio manager, has teamed up with Spanish lender Renta 4 Banco to launch a new London-based investment firm, W4i Investments Funds.
Everest Capital closes its largest hedge fund
Everest Capital is shutting down its largest hedge fund, Global Fund, after losing nearly all its money, reports Bloomberg.
Citigroup Q4 net income nose dives on legal charges
American banking giant Citigroup has posted a net income of $350m for the fourth quarter 2014, significantly down from $2.5bn reported a year ago.
Digital innovations now threatening institutional advisory and wealth management firms: TABB
The 21st century’s digital revolution is now threatening to disrupt the businesses and influence operating strategies of traditional financial firms. In new research, TABB Group says the first wave of this disruption is well underway, affecting firms with the most retail-oriented business activities, where the adoption of new devices and digital functionality has been the greatest, a migration showing no signs of stopping.
JPMorgan’s Q4 income dented by legal costs
JPMorgan Chase has reported net income of $4.9bn for the fourth quarter of 2014, down 7.5% compared with $5.3bn a year ago.