All articles by Verdict Staff
Verdict Staff
UBS net profit surges 32% in third-quarter despite legal charges
Swiss banking giant UBS has registered 32% rise in third quarter net profit even as it set aside CHF1.8bn ($1.9bn) for legal provisions.
Americans feel guilty about not investing enough in 2014, set their sights higher for 2015: Merrill Edge survey
Feelings of guilt over not investing enough this year outpace common year-end regrets such as poor eating and drinking choices, not sharing enough time with loved ones or spending too much money on oneself, these are among the insights revealed by Bank of America’s latest Merrill Edge report released.
BNP Paribas Securities Services hires acting head of Australia and New Zealand
BNP Paribas Securities Services has hired Ian Perkins in the role of acting head of Australia and New Zealand.
FINRA fines Merrill Lynch a total of $6m for supervisory failures
The Financial Industry Regulatory Authority (FINRA) has censured and fined Merrill Lynch Professional Clearing Corp. (Merrill Lynch PRO) $3.5m for violating Regulation SHO, an SEC rule that established a regulatory framework to govern short sales and prevent abusive naked short selling.
Indian Government reveals names of black money account holders to apex court
The Indian authorities have disclosed names of more eight businessmen accused of stashing black money in foreign banks to the Supreme Court.
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Pyramis survey reveals surge in confidence among worlds largest institutional investors
Confidence has returned among institutional investors worldwide, according to a new survey by Pyramis Global Advisors.
Franklin Templeton expands Australian fixed-income investment team
Franklin Templeton has expanded its Australian fixed-income investment team, by hiring Jennifer Wee and Joshua Rout.
Crestline partners with Denali Capital to expand syndicated loan and CLO business
Crestline Investors has partnered with Denali Capital to further expand a collateralized loan obligation (CLO) platform under the broader Crestline suite of investment products.
StanChart Q3 pre-tax profit down 16%, plans additional $400m in cost cuts
Standard Chartereds pre-tax profits fell 16% to $1.5bn in the third quarter of 2014 compared to $1.83bn a year ago.
Commonwealth Financial adds Nelson & Nelson to its financial advisors network
Commonwealth Financial Network has added Nelson & Nelson Wealth Management of Camarillo, California, to its network of independent financial advisors.