All articles by Verdict Staff
Verdict Staff
Regulators set up new rules for shadow banking sector to reduce risks
Global regulators have introduced new rules for non-banking institutions including hedge funds and private equity firms with an aim to mitigate risk in the shadow banking sector.
Bahamas signs AIFMD pact with France
The Securities Commission of The Bahamas has signed a Memorandum of Understanding (MoU) under the Alternative Investment Fund Managers Directive (AIFMD) with French securities regulator the Autorité des Marchés Financiers (AMF).
Deutsche Asset & Wealth Management names new MD and senior private banker
Deutsche Asset & Wealth Management has appointed Dessy Arteaga as its new managing director and senior private banker.
Brewin Dolphin names new head for Edinburgh office
UK wealth manager Brewin Dolphin has named Jonathan Tweedie as new head for its Edinburgh office replacing Marc Wilkinson.
Bank of America to lay off 75 employees in Addison, Texas
Bank of America (BofA) is set to lay off 75 jobs at its Legacy Asset Servicing unit in Addison, Texas in the next 90 days.
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Blackrock rolls out new advisor tool for income investment plan
Blackrock has rolled out a new interactive tool for advisers to help clients reach their financial goals.
Switzerland agrees to prioritize Indian requests for banking information
Switzerland has offered its consent to examine requests of Indian authorities for banking information on a priority basis and provide the required details in a time-bound manner.
Lack of corporate access limits opportunities for non-North American companies: BNY Mellon study
North American investors say they need more and better access to non-North American companies to gain greater confidence or initiate a position in international firms, according to a new study released by BNY Mellon.
Rathbone Brothers’ funds under management grows to over £26bn
British wealth manager Rathbone’s total funds under management (FuM) were £26.3bn as at 30 September 2014, 10% higher than the previous quarter ended 30 June 2014.
Advisor satisfaction among the wealthiest investors continues to be the highest: Spectrem
Spectrem’s quarterly research in its Wealth Segmentation Series – Relationships with Advisors – details the rise in satisfaction among all investors at all wealth levels, although there are significant statistical differences in the level of increase based primarily on age and level of wealth.