All articles by Verdict Staff
Verdict Staff
Bank Leumi to pay $400m to settle US tax probe
Bank Leumi Le Israel BM has agreed to pay $400m to US authorities to settle two separate probes into whether it helped wealthy Americans evade taxes.
Objectway Financial to acquire 3i Infotech’s Western Europe arm
Objectway Financial Software, a provider of wealth management and digital software solutions in the EMEA region, has signed an agreement to acquire 3i Infotechs Western Europe unit from 3i Infotech Group with a 25% market share.
Chapters Financial unveils new advice service targeting mass market
UK-based advisory firm Chapters Financial has introduced a new mass market simplified advice service that aims to target 15,000 clients by the end of next year.
US CFTC slaps $3m fine on Deutsche Bank unit over customer fund flaws
The US Commodity Futures Trading Commission (CFTC) has imposed a $3m fine on the broker-dealer arm of Deutsche Bank over charges that it had failed to properly invest customer segregated funds, filed inaccurate financial reports and maintained inaccurate books and records.
BNP Paribas unveils UCITS Stock Connect solution
French lender BNP Paribas has unveiled a stock connect solution to support UCITS funds that aim to invest in Chinese A-shares via the Shanghai-Hong Kong Stock Connect program.
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Azimut to acquire AZ Global Portfoy
Italy-based asset manager Azimut has entered into a binding sale and purchase agreement to buy remaining 40% stake in AZ Global Portfoy Yonetimi A.S. (AZ Global).
FCA to regulate seven additional financial benchmarks
The Financial Conduct Authority (FCA) is planning to regulate seven additional major UK-based financial benchmarks in the fixed income, commodity and currency markets from 1 April 2015.
CNB Bank names new vice president for wealth & asset management
US-based financial services provider CNB Bank has named Eric Johnson as new vice president for wealth & asset management.
German state buys tax CD containing Swiss banking data: report
German tax authorities in the state of North Rhine-Westphalia (NRW) have purchased new CD containing client details of several thousand German tax evaders with accounts at a Swiss bank.
Merrill Lynch lures broker from UBS
Bank of America’s Merrill Lynch has appointed Dale Waters from UBS Wealth Advisors who managed more than $185m in client assets.