All articles by Verdict Staff
Verdict Staff
UBS agrees to pay $5.2m over Puerto Rico bond losses
A unit of UBS has agreed to pay $5.2m to Puerto Rico’s financial institutions regulator over its practices involving sales of closed-end bond funds, which busted later, forcing investors to sustain heavy losses.
UBS (China) opens Beijing Huamao sub-branch
Swiss wealth manager UBS has further expanded its footprint in China by opening Beijing Huamao Sub-branch through its locally-incorporated subsidiary UBS (China) Limited.
Thomson Reuters launches new M&A Dataset for hedge fund managers
Thomson Reuters has introduced a new mergers and acquisitions (M&A) dataset to assist event-driven hedge fund managers.
Inheritance tax threshold could see a rise, hints David Cameron
British Prime Minister David Cameron said that the inheritance tax threshold could witness a rise before the election in May 2015.
Global regulation seen as leading factor in making or breaking boutique asset management firms: TABB
Ability to deal with complex regulations is shifting geographical focus from Dodd-Frank in US across to Europe with financial transaction tax and MiFID II has been seen as primary concerns for 2015, according to a report by TABB Group.
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U.S. Bank names new wealth management adviser for Columbuss Private Client Reserve
U.S. Bank, a unit of U.S. Bancorp, has appointed Jack Frencho as the wealth management adviser for its Private Client Reserve in Columbus, Ohio.
ICD and JICA sign MoU on Islamic finance
The Islamic Corporation for the Development of the Private Sector (ICD) and Japan International Cooperation Agency (JICA) have signed a Memorandum of Understanding (MOU), to set out a framework for collaboration in the development of Islamic Finance industry.
Deutsche Bank expands corporate services team in Jersey
Deutsche Bank has added three members to its corporate services team in Jersey.
Morgan Stanley AIP strengthens global private equity impact investing capabilities
Morgan Stanley has announced that David Wilton will join Morgan Stanley Alternative Investment Partners (AIP) as a managing director with a focus on private equity impact investing.
Citigroup reports net income of $3.4bn in Q3
Citigroup’s has reported a net income of $3.4bn for the third quarter of 2014, an increase of 7% compared to $3.24bn the same time last year.