All articles by Verdict Staff
Verdict Staff
US indicts former Rahn & Bodmer banker for helping clients hide money
The US Justice Department has indicted Martin Dunki, a former vice president of Swiss private bank Rahn & Bodmer, over charges of conspiring to help Americans hide assets in offshore accounts and evade taxes.
No clear consensus among advisors about how to create a retirement spending plan: Survey
While most use pre-retirement spending, the 4% ‘rule’ or a bucket strategy, some advisors apply more math and science to avoid commonplace mistakes, according to a Russell survey.
Deutsche AWM to suspend new issuances of two Italian treasury bond ETNs
Deutsche Asset & Wealth Management has said that it will suspend any further issuances of the PowerShares DB 3x Italian Treasury Bond Futures Exchange Traded Note (ETNs) and the PowerShares DB Italian Treasury Bond Futures Exchange Traded Note, effective immediately.
Lonestar Capital to cease operations
San Francisco based Lonestar Capital Management is shutting down its operations after being whipsawed in the market this October.
TD Ameritrade may foray into Asian market
American online broker TD Ameritrade may foray into Asian market if its surplus cash grows as much as it expects after US interest rates start to rise, Reuters quoted the companys CEO Fred Tomczyk as saying.
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Janus launches Dublin version of gross global bond fund for European investors
Janus Capital has launched the Dublin-domiciled version of the Janus Global Unconstrained Bond fund, targeted at European investors, excluding those in Switzerland.
Blackstone, NWI Management launch new JV
Blackstone Alternative Asset Management (BAAM), Blackstones hedge fund solutions business, and NWI Management (NWI), a global macro hedge fund, have launched Blackstone NWI Asset Management (BNAM), a new asset manager jointly owned by the two firms.
BlueCrest Capital to move its headquarters to Jersey
BlueCrest Capital Management has decided to move its headquarters from Guernsey to Jersey at the end of this year, reported Bloomberg.
ABN AMRO’s private banking arm sees 45% surge in Q3 profit
The private banking arm of ABN AMRO has posted an underlying profit of EUR50m for the third quarter of 2014, a surge of 45% compared with EUR34m a year ago.
Misys launches next generation digital channels SaaS in US
Misys, a financial software company, has announced the launch of its digital channels solutions to the US market – based on a Software-as-a-Service (SaaS) model.