All articles by Verdict Staff
Verdict Staff
Bob Diamond’s Africa venture raises stake in Nigeria’s Union Bank
Atlas Mara Co-Nvest, the African investment vehicle of former Barclays chief Bob Diamond, has agreed to buy additional 20.9% stake in Nigeria’s Union Bank for $270 million from Asset Management Corporation of Nigeria (AMCON).
US court sentences three hedge fund managers over Black Diamond investment fraud
US District Judge Robert J. Conrad has sentenced three hedge fund managers in connection with a $40 million investment fraud conspiracy.
CIBC eyes wealth management acquisitions worth C$2 billion
Canadian Imperial Bank of Commerce (CIBC) would consider spending as much as C$2 billion (US$1.8 billion) on wealth-management takeovers, the banks incoming chief executive Victor Dodig said at an investor conference in Toronto.
DigitalTangible launches first ever gold and bitcoin online marketplace
DigitalTangible, the bitcoin-gold platform and precious metals custodian, continues to bridge the world of hard commodities and cryptocurrencies with the launch of its first ever bitcoin and gold digital money marketplace.
SMBC raises stake in Bank of East Asia to 17.5%
Japan-based Sumitomo Mitsui Banking (SMBC) has signed a deal to increase its holding in Hong Kong’s Bank of East Asia from the current 9.6% to 17.5% in a deal worth $950 million.
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DST Systems launches new asset persistency scoring system for asset managers
DST Systems, US-based technology-based service solutions provider, has rolled out a new asset persistency scoring system for asset managers to make better sales, marketing, and product decisions.
Falcon Private Wealth names new senior adviser for West Africa
London-based wealth firm Falcon Private Wealth has hired Francis Esem Wood as new senior adviser for west Africa.
SWIFT to launch Islamic finance rulebook
SWIFT, in collaboration with The Association of Islamic Banking Institutions Malaysia (AIBIM) and the Malaysian Islamic financial community, has announced that it will launch a new rulebook for the usage of SWIFT MT messages for Islamic finance.
Barclays launches biometric finger vein scanner
Barclays has collaborated with Hitachi Europe to launch biometric finger vein scanning technology for authenticating online banking transactions.
BMO makes leadership changes at BMO Capital Markets
BMO Financial Group has made leadership changes at BMO Capital Markets by appointing Darryl White as group head and Patrick Cronin as chief operating officer.