All articles by Verdict Staff
Verdict Staff
Rengan Rajaratnam agrees to settle insider trading charges with SEC
The US Securities and Exchange Commission (SEC) has announced that former hedge fund manager Rajarengan “Rengan” Rajaratnam has agreed to pay more than $840,000 and accept securities industry bars in order to settle the agency’s insider trading case against him.
BNY Mellon gets regulatory nod to sell stake in Chinese JV
BNY Mellons business division has secured regulatory nod to sell its stake in a joint venture (JV) project with Chinas Western Securities.
Six US federal agencies jointly approve final risk retention rule
Six US federal agencies approved a final rule requiring sponsors of securitization transactions to retain risk in those transactions.
UBS Fund Services & PwC survey reveals institutions’ changing attitudes to alternatives
A global survey of large institutional investors conducted by UBS Fund Services and PwC has revealed changing attitudes towards alternative investments and the impact of new regulations on the alternatives industry.
U.S. Trust study of HNW philanthropy finds 28% increase in charitable contributions
Among wealthy households, the average amount given to charity last year increased 28%, according to the 2014 US Trust Study of High Net Worth Philanthropy.
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NTT Data and Lombard Risk join forces on collateral management solution
NTT Data, an IT services provider, and Lombard Risk Management, a provider of integrated collateral management, regulatory reporting, and compliance solutions for the financial services industry, have announced a joint collaboration to offer a globally-scalable collateral management solution.
Demand for digital interaction in wealth management highest in Asia-Pacific
Nearly 82% of HNWIs in Asia-Pacific expect most or all of their wealth management relationship to be conducted through digital channels in five years, in contrast to 61% of HNWIs in the rest of the world, according to the Asia-Pacific Wealth Report 2014 released by Capgemini and RBC Wealth Management.
AIB launches EUR300m healthcare fund to back the healthcare sector in Ireland
AIB has announced it was setting up a 300m Healthcare Fund to support investment in the healthcare sector.
US regulators mandate CLO managers to retain atleast 5% of new deals
US regulators including the Federal Deposit Insurance Deposit Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) have mandated that collateralized loan obligation (CLO) managers need to hold a stake of each new deal.
HSBC appoints new group COO
HSBC Holdings has named Andy Maguire as its group chief operating officer and group general manager.