All articles by Verdict Staff
Verdict Staff
Singapore financial regulators launch public consultation on proposed regulations to meet US FATCA
The Ministry of Finance (MOF), Monetary Authority of Singapore (MAS) and the Inland Revenue Authority of Singapore (IRAS) have proposed regulations to help financial institutions in Singapore comply with the US Foreign Account Tax Compliance Act (FATCA).
BlueCrest to spin off its quantitative hedge fund
BlueCrest Capital Management is planning to spin off its $6.2bn quantitative hedge fund BlueTrend into a separate investment firm.
US economy to maintain its momentum despite world of worries: BMO Economics
A new report from BMO Economics entitled ‘Can the U.S. Go it Alone?’ notes that while the major economies of China, Japan and Europe are softening, the outlook for the US economy remains on solid ground.
British Chancellor plans to scrap tax on inherited pensions
British finance minister George Osborne has unveiled plans to scrap a tax on inherited pension savings from April 2015.
Janus Capital Group hires new executive build global macro fixed income strategies
Janus Capital Group has hired William H Gross, a fixed income investor, to manage a recently launched Janus Global Unconstrained Bond Fund and related strategies.
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UBS unveils share-for-share exchange offer to se up a new group holding company
Swiss banking giant UBS has introduced a share-for-share exchange offer to set up a new group holding company called UBS Group AG.
BSE signs MoU with BNY Mellon for collateral management services
Bombay Stock Exchange (BSE) has signed a memorandum of understanding (MoU) with the Bank of New York Mellon in New York to provide collateral management solutions.
Ashmore Group to open new office in Riyadh
British investment manager Ashmore Group is reportedly planning to open a new office in Riyadh to expand its presence into the Middle East.
Standard Chartered, HSBC shut branches in Hong Kong banks over protests
Global banking giants Standard Chartered and HSBC were among banks that shut branches in Hong Kong as mass pro-democracy protests gripped several parts of the city.
New IRS Regulations broaden investment options for cash balance retirement plans
Kravitz has released an analysis of the long-awaited final IRS regulations for Cash Balance (hybrid) retirement plans.