All articles by Verdict Staff
Verdict Staff
China to launch new unified account platform for securities investors
China is planning to launch a unified account platform for securities investors to increase the attractiveness of A-share market to new investors, effective 1 October 2014.
RBC wealth arm registers 22% surge in Q3 income
The wealth management business of Royal Bank of Canada (RBC) has posted a net income of C$285 million for the third quarter, up C$52 million or 22% compared to last year.
Hermes Fund Managers appoints new fixed income head
Hermes Fund Managers has named Zoë Shaw as new head of fixed income in a move to expand into the debt markets.
Equiniti Group hires new business development director
Equiniti Group, a UK-based financial and business services outsourcing provider, has hired Huw Thompson as new business development director.
Financial services, energy, consumer staples have best funded defined benefit plans: BNY Mellon ISSG
Financial services, energy and consumer staples have the best funded defined benefit plans, while information technology (IT) and health care companies tend to have the lowest funded plans, according to an analysis of the defined benefit plans of 931 public companies conducted by the BNY Mellon Investment Strategy and Solutions Group (ISSG).
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Berkshire Hathaway to pay $896,000 fine for violating antitrust laws
Berkshire Hathaway has agreed to pay $896,000 to settle US allegations that it violated antitrust reporting requirements when it purchased an equity stake in USG Corp.
Satisfaction improves when advisors collaborate with investors to set financial goals: report
Satisfaction improves significantly when full service investment advisors collaborate with investors to set personal financial goals and then develop an investment strategy and performance review process around those goals, according to the J.D. Power 2014 Canadian Full Service Investor Satisfaction Study.
SEC restricts Citigroup from selling hedge fund investments-Report
Citigroup has been sending letters to hedge fund firms informing them that it cannot sell investments in hedge funds and private-equity funds to clients after a deal with the US Securities and Exchange Commission (SEC), the Wall Street Journal reported.
Barclay CTA index inches up 0.01% in July
Managed futures inched up 0.01% in July according to the Barclay CTA Index compiled by BarclayHedge.
International Bank of Azerbaijan plans Islamic banking arm
International Bank of Azerbaijan (IBA) is planning to launch a stand-alone sharia-compliant Islamic banking unit following the implementation of the new Islamic banking law later this year.