All articles by Verdict Staff
Verdict Staff
RCS Capital to acquire Cole Capital for $700m
RCS Capital Corporation (RCAP) has entered into a definitive agreement to acquire Cole Capital Partners and Cole Capital Advisors from American Realty Capital Properties for $700m plus contingent consideration.
Funded status of US corporate pensions falls to 89.9%, says BNY Mellon ISSG
Falling stock markets drove the funded status for the typical US corporate pension plan to 89.9% in September, the lowest level since August 2013, as falling asset values also resulted in public plans, foundations and endowments missing their return targets, according to the BNY Mellon Investment Strategy and Solutions Group (ISSG).
Former Deutsche Bank credit traders launch new hedge fund firm in London
Former Deutsche Bank credit traders, Vassilis Paschopoulos and Nikos Kargadouris, have launched a new hedge fund firm in London.
Gen Y rely on personal networks for financial advice: TIAA-CREF survey
A new TIAA-CREF survey finds that Gen Yers rely on personal networks for financial advice, with adults age 18-34 being more likely than the general population to involve their parents (47% vs. 19%), extended family (22% vs. 14%) and other trusted adults (31% vs. 21%) in their search for advice.
Envestnet acquires Placemark Holdings for $66m
Envestnet, a provider of unified wealth management technology to investment advisers, has completed the acquisition of Placemark Holdings, a firm that develops Unified Managed Account (UMA) programs for banks and RIA firms for $66m in cash.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
Gigantic databreach hit 76 million JPMorgan customers
American banking giant JPMorgan Chase has revealed that that a recent cyber attack compromised customer information for about 76 million households and 7 million small businesses.
Financial services industry faces bigger problem than lack of trust – apathy:PwC research
One word sums up customer feelings about banks, insurers, fund managers and other financial services providers: apathy, specifically the type that stems from frustration, according to PwC’s latest report, How financial services lost its mojo – and how to regain it.
OCBC rebrands Wing Hang Bank in Hong Kong & Macau
Singapore’s Oversea-Chinese Banking Corp (OCBC) has given Wing Hang Bank a new name and logo, which it acquired for $5bn in July this year.
Banque Internationale à Luxembourg names new CEO for Switzerland
Banque Internationale à Luxembourg (BIL) has named Thierry de Loriol as new chief executive of its Swiss operations.
Hennion & Walshs UIT business forms strategic partnership with Closed-end Fund Advisors
Hennion & Walshs SmartTrust Unit Investment Trust (UIT) business has entered into a strategic partnership with Closed-end Fund Advisors (CEFA), a US-based registered investment advisory firm that specializes in closed-end funds (CEFs).