All articles by Verdict Staff
Verdict Staff
Indonesia may privatise state-owned banks and impose lending quotas-Report
Indonesia may consider slashing public stakes in banks and imposing lending quotas, as policymakers prepare reform proposals for incoming President Joko Widodo, the Bloomberg news agency reported.
Wolters Kluwer partners with Broadridge Tax Services to handle tax compliance
Wolters Kluwer Financial Services has teamed up with Broadridge Tax Services to develop a comprehensive cost-basis tax reporting and investment compliance solution.
Barclays exiting trading team to take 60 employees with it to new investment firm: report
A Barclays exiting trading team is reportedly taking with it 60 employees to launch a quantitative investment firm.
Investors turning to cash as geopolitics and interest rate rise fears bite: BofA Merrill Lynch
Rising geo-political temperatures combined with the threat of rising U.S. interest rates have led global investors to scale back risk and take cash levels to two-year highs, according to the BofA Merrill Lynch Fund Manager Survey for August.
GAM Holding H1 underlying net profit down 17%
Swiss money manager GAM Holding has reported underlying net profit of CHF93.1 million for the first half of 2014, a decline of 17% compared with CHF111.7 million a year ago.
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LBMA confirms CME Group and Thomson Reuters as administrators of the London silver price
iShares, the exchange-traded fund business at BlackRock Asset Management Canada, is notifying unitholders of iShares Silver Bullion ETF regarding a change in the pricing source used in the valuation of silver bullion.
Berkeley Law launches new venture in Latin America
Berkeley Law, a London-based wealth advice firm, has partnered with Latin American wealth specialist Colin Maltby to launch a new joint venture, Berkeley LatAm.
UBS Wealth Americas to lay off 75 sales assistants
UBS Wealth Americas has reportedly decided to lay off about 75 sales assistants following a 3% dip in its pretax operating profit last quarter.
Ashcourt Rowan hires new business distribution director
Ashcourt Rowan Asset Management, a part of the UK wealth management group, has hired James Brooks as new business distribution director.
BMO Global Asset Management, LGM Investments selects Charles River IMS
BMO Global Asset Management and LGM Investments, a subsidiary of BMO Financial, has selected the Charles River Investment Management Solution (Charles River IMS) for its Hong Kong and London operations.