All articles by Verdict Staff
Verdict Staff
UBS to hire private bankers in France-report
Swiss banking major UBS is reportedly planning to recruit private bankers in France even as it faces a possible record sanction on allegations that it aided wealthy French clients evade taxes.
Major banks agree to sign ISDA Resolution Stay Protocol
The International Swaps and Derivatives Association (ISDA) has announced that 18 major global banks (G-18) have agreed to sign a new ISDA Resolution Stay Protocol.
GenCap Portfolio Management selects Sanctuary Wealth Services
GenCap Portfolio Management, a US-based investment management firm, has selected Sanctuary Wealth Services to expand and support its business.
US Bankruptcy Court approves Lehman settlement with Canary Wharf Group
The US Bankruptcy Court for the Southern District of New York has approved the settlement reached between three Canary Wharf Group entities and Lehman Brothers of the claims filed in September 2009 against LBHI concerning losses suffered on the former Lehman Brothers, now JP Morgan Chase Bank, NA, building at 25 Bank Street, Canary Wharf.
Blackstone to spin off advisory businesses
American private equity giant Blackstone is planning to spin off its advisory businesses and merge them with Paul J. Taubmans financial advisory firm PJT Partners to form a new independent publicly traded entity.
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Risk culture is at forefront of banks’ agenda as fines and remediation hit home, says EY
EY’s annual risk management survey of major financial institutions, Shifting focus: Risk culture at the forefront of banking, shows that in the past year, banks have made dramatic shifts in their attention to risk culture, but much more work remains to be done.
US, British regulators conduct war game to rehearse hypothetical cross-border bank collapse
Top US and British regulators will carry out their first war games today to test how they would handle another Lehman Brothers-style banking crisis.
Nikko Asset Management adds senior management roles in global team
Three seasoned investment professionals are taking on expanded roles to bolster the global management capability of Nikko Asset Management’s investment team.
UK kicks off first RMB bond deal
The UK government has appointed three major banks to help deliver the planned sale of Britains RMB bond.
Only 23% of investment managers able to perform intraday calculations: SimCorp poll
Only 23% of investment managers are able to calculate the impact of market events within the trading day, according to a poll conducted by SimCorp, a provider of investment management solutions.