All articles by Verdict Staff
Verdict Staff
Israel Discount Bank may sell Swiss private-banking unit-report
Israel Discount Bank is mulling options over a sale of its loss-making private-banking business in Switzerland, IDB (Swiss) Bank, TheMarker reports.
Financial sponsor-backed IPOs drive activity close to 2010 levels
Global IPO activity continues to climb with 851 IPOs raising US$186.6b in the first nine months of the year, a 49% increase in volume and 94% increase in proceeds compared to the same period in 2013, according to the quarterly EY Global IPO Trends: 2014 Q3.
Vow Financial names new wealth management head
Australian mortgage aggregator Vow Financial has named Michael Clifford as new head of wealth management.
BMO Investments announces changes to portfolio managers
BMO Investments has announced portfolio management changes to two of its mutual funds.
Deloitte hires two executives to expand hedge fund leadership
Deloitte has furthered strengthened its hedge fund practice with two key appointments for the UK and EMEA regions.
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ANZ to offload stake in Vietnams Saigon Securities
Australia & New Zealand Banking Group (ANZ) has agreed to divest its 17.5% stake in Vietnam’s Saigon Securities to expand its operations in Asia.
PIMCO elects new group chief investment officer
PIMCO, a global investment management firm, has elected Daniel Ivascyn to serve as group chief investment officer, succeeding William H Gross who has left the firm.
SEC announces cases targeting international pyramid scheme operators
The Securities and Exchange Commission has announced charges against the operators of an international pyramid scheme that raised more than US$129 million from investors worldwide, primarily in the U.S., China, and Taiwan.
Commerzbank to face US probe over money laundering charges-report
German lender Commerzbank is reportedly being investigated by the Manhattan U.S. attorney for its alleged role in violating of money-laundering laws as well as to settle allegations relating to its dealings with Iran and other nations under US sanctions.
Britain’s anti-fraud agency asks ex- Barclays executives to give evidence on Qatar deal-report
The UK’s Serious Fraud Office (SFO) has ordered ex- Barclays executives to handover evidence as part of a probe into undisclosed payments the bank made to Qatari investors in 2008, the Financial Times has reported.