All articles by Verdict Staff
Verdict Staff
Commerzbank nears $1bn deal with US to settle Iran case and money laundering probe
German lender Commerzbank has reached a settlement with US authorities for its alleged role in violating of money-laundering laws as well as to settle allegations relating to its dealings with Iran and other nations under US sanctions.
BCV to sell stake in its joint investment fund venture to ZürcherKantonalbank
Banque Cantonale Vaudoise (BCV) is planning to divest 7.3% share in Swisscanto, the cantonal banks’ joint investment-fund venture, to ZürcherKantonalbank (ZKB) for CHF360.3m.
Advizr launches next generation financial planning app
Advizr, the financial planning software created to expand consumer and advisor access to high-quality financial planning services, has gone live and will be showcased at upcoming software conferences.
FM Group launches new advisory business in Nairobi
The Fraser Mackinlay (FM) Group, a financial planning advice provider to expat community in Cyprus, has set up a new advisory business in Nairobi in a move to expand its regional footprint in East Africa.
Former UBS executives to launch new hedge fund in January 2015: report
Two former UBS Group executives are reportedly planning to launch a new global cross-asset, long-biased hedge fund in January next year to bet on out-of-favour companies and events such as mergers and acquisitions and spin-offs.
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RWC launches new UCITS fund in Japan
UK-based investment group RWC has teamed up with Tokyo-based Nissay Asset Management (NAM) to launch a new UCITS fund, known as RWC Nissay Japan Focus Fund.
U.S. Bank expands UHNW unit in Minneapolis
Ascent Private Capital Management, U.S. Bank’s UHNW wealth management unit, has named Mark Evans a new managing director of investments for Minneapolis.
SEC charges Buffalo-based advisory firm for misleading investors in hedge fund
The US Securities and Exchange Commission (SEC) has announced fraud charges against a Buffalo, NY-based investment advisory firm and two co-owners accused of making false and misleading statements to clients when recommending investments in a risky hedge fund.
UBS aims to triple assets in fee-based accounts in US-report
Swiss banking giant UBS is, reportedly, eyeing to triple the amount of assets invested by its US wealth management clients in fee-based accounts within seven to 10 years.
Banks moving too slowly in embracing new technology: SAP study
Despite increased regulatory pressures for banks to update their IT infrastructure, banks remain largely focused on short-term success and are moving at a very slow pace in adopting new technologies for financial transactions, according to a report published by SAP.