All articles by Verdict Staff
Verdict Staff
Abu Dhabi, Malta regulators sign cross-border cooperation agreement
Abu Dhabi Global Market (ADGM) and the Malta Financial Services Authority (MFSA) have signed a memorandum of understanding (MoU) to strengthen cross-border cooperation for the supervision of financial institutions.
Credit Agricole net income plummets 67% in Q4
French lender Credit Agricole reported a net income €291m for the fourth quarter of 2016, a 67% decrease compared to €882m in the same period of 2015.
AdvisorEngine snaps up Wealthminder
New York-based digital wealth management platform AdvisorEngine has agreed to acquire the technology assets and intellectual property of Wealthminder, a Virginia-based software firm that supports adviser-client collaboration, for an undisclosed sum.
City National, RBC Wealth Management-U.S. name head of trust businesses
City National Bank, a subsidiary of Royal Bank of Canada (RBC), has appointed Alma Banuelos as the head of two complementary trust businesses at RBC Wealth Management-U.S. and City National Bank.
MAS establishes data analytics group
The Monetary Authority of Singapore (MAS) has established a new data analytics group (DAG) to improve its supervision of financial institutions.
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Alter Domus to acquire CARTA Fund Services
Alter Domus, a Luxembourg-based provider of fund and corporate services, has agreed to acquire US-based CARTA Fund Services for an undisclosed amount.
BetaSmartz opens new Hong Kong office
BetaSmartz, a Singapore-based business-to-business automated investment platform, has expanded its presence in Asia with the opening of a new office in Hong Kong.
Commonwealth Bank of Australia H1 cash profit rises 2% to A$4.91bn
Commonwealth Bank of Australia (CBA) has posted a cash profit of A$4.91bn for the first half of the 2017 financial year, a 2% increase compared to A$4.81bn for the same period previous year.
RBC Wealth Management appoints new international wealth head
RBC Wealth Management, a unit of Royal Bank of Canada (RBC), has appointed Ashif Ratanshi as its new head of wealth management – international, replacing Stuart Rutledge who will now assume a new leadership role with RBC in Toronto.
ABN AMRO private banking unit underlying profit surges 84% in Q4
The private banking arm of Dutch lender ABN AMRO has posted an underlying profit of €49m for the fourth quarter of 2016, a surge of 84% compared to €26m in the previous year.