All articles by Verdict Staff
Verdict Staff
New York regulator extend probe of dark-pool trading to Morgan Stanley, Goldman
The New York attorney general’s office has extended its probe of alternative trading systems known as dark pools to include banking giants Goldman Sachs and Morgan Stanley, Fox Business Network has reported.
LCG Advisors establishes new private wealth management group
LCG Advisors, a US-based transaction advisory firm, has established a new private wealth management group called LCG Private Client Group.
China Merchants Bank opens private banking unit in Hong Kong
China Merchants Bank (CMB) has opened its first offshore private banking center in Hong Kong at the headquarters of its local subsidiary, Wing Lung Bank.
S&P 1500 pension deficits remain above year-end 2013 levels: Mercer
The estimated aggregate funding level of pension plans sponsored by S&P 1500 companies remained at 85% as of the end of July 2014.
Credit Agricole Q2 profit nearly wiped out on BES bank collapse
Credit Agricole Group said the collapse of Portuguese lender Banco Espírito Santo (BES), in which it has a 14.6% stake, had slashed its second-quarter profits by 97.5% to EUR17 million.
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Funding levels for FTSE350 pension funds drop to lowest since 2010: Mercer
The estimated aggregate IAS19 deficit for the DB schemes of FTSE350 companies stood at £116 billion (equivalent to a funding ratio of 83%) at 31 July 2014 compared to £112 billion (equivalent to a funding ratio of 84%) at 30 June 2014, according to data from Mercer.
DSM Capital Partners unveils new global growth fund
DSM Capital Partners, a US-based investment management firm, has unveiled a new global growth fund for overseas investors seeking long-term returns through investments into expanding businesses.
Ivy funds add portfolio managers to asset strategy team
Waddell & Reed Financial, and its affiliate Ivy Funds has named two veteran managers to its Asset Strategy portfolios, which include mutual funds and institutional accounts.
HDFC Bank opens new branch in Dubai for HNW NRIs
HDFC Bank, an India-based private sector bank, has opened a new branch in Dubai International Financial Center (DIFC) as part of its global expansion plans.
Ziegler names new wealth management head
Ziegler, a US-based investment bank has named Robert Moats (Bob) as new senior managing director, head of Ziegler Wealth Management and member of Ziegler’s executive committee.