All articles by Verdict Staff
Verdict Staff
BGC Partners launches $675m hostile bid for rival broker GFI
BGC Partners has formally launched hostile $675m bid for rival US interdealer broker GFI Group after an effort to strike a friendly deal hung up on a dispute over a confidentiality agreement.
New EU financial framework not built to deal with future crises, says WMA
The new EU financial framework has not been set up specifically to deal with or to forecast any future crises and was built primarily as a reaction to the most recent financial crisis, says the Wealth Management Association (WMA).
Northern Trust’s third quarter net income slips marginally
Northern Trust has reported net income of $204.5m for the third quarter of 2014, compared to $206.5 million in the prior year third quarter.
Demand for special needs financial advice is on the rise: Securian Financial
The demand for financial advice for special needs families rises as special needs children’s lifespans lengthen and the frequency of some developmental disabilities grows, according to Securian Financial Group.
BNY Mellon to introduce new wealth management initiative in Hong Kong
The Hong Kong division of Bank of New York Mellon (BNY Mellon) is set to introduce a wealth management initiative, joining some US-based banks looking to expand their fee-based investment services.
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Westminster Research Associates releases new commission management platform
ConvergEx Group, a provider of global brokerage and trading-related services, has announced that Westminster Research Associates has released a new Commission Management Platform with enhanced navigation, usability and design features.
BNY Mellons custody business eyes 60% growth in Brazil-report
Bank of New York Mellon (BNY Mellon) is aiming over 60% growth for assets in Brazil custody business in 2015.
Spectral’s Monitr launches market news analysis platform for investors
Spectral Capital Corporation has announced that portfolio company Monitr has launched its financial market news analysis platform and service.
CFTC and Manitoba Securities Commission to enhance supervision of cross-border regulated entities
The US Commodity Futures Trading Commission has announced that CFTC Chairman Tim Massad and Donald Murray, chair of the Manitoba Securities Commission (MSC), have signed a Counterpart to the Memorandum of Understanding (MOU) on 25 March 2014.
UBS makes new appointments for its leveraged finance team
Swiss banking giant UBS has reshuffled its leveraged finance team with new appointments.