All articles by Verdict Staff
Verdict Staff
Lloyds pays £218 million to settle Libor probe
The Lloyds Banking Group has agreed to pay £218 million (US$380 million) to British and US regulators to settle allegations that it manipulated Libor, the interest rate benchmark.
ASIC concludes enhanced adviser monitoring program for PIS
Australian Securities and Investments Commission (ASIC) has concluded an enhanced adviser monitoring program for Professional Investment Services Pty Ltd (PIS), an Australian financial services (AFS) licensee, following an enforceable undertaking (EU) with PIS in December 2010.
Endowments and foundations still bullish on hedge fund strategies: NEPC
NEPC, an independent, full-service investment consulting firms to endowments and foundations, has made public the results of its Q2 2014 NEPC Poll, a measure of endowment and foundation confidence and sentiment related to the economy, investing and market performance.
MB Financial names new head of wealth management
MB Financial Bank has hired Sally Larson Sargent as senior managing director and head of wealth management.
Canadian pension assets move higher in Q2: RBC survey
Pension assets increased for a fourth successive quarter as global markets maintained their winning streak during the three months ending June 30, according to the latest survey from RBC Investor & Treasury Services.
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UBS wealth arm records 35% decline in Q2 pre-tax profit
The wealth management division of UBS has reported an adjusted profit before tax of CHF393 million for the second quarter of 2014, down 35% compared to CHF607 million a year ago.
Italy tax police seize EUR104 million from Nomura in alleged fraud case
Italy’s tax police have seized property and cash worth EUR98 million (US$132 million) from Nomura International accusing some of its former employees of fraud against the Sicily region with the sale of derivatives in 2002.
Societe Generale Private Banking selects Wolters Kluwers regulatory reporting solution
Societe Generale Private Banking (SGPB) has selected Wolters Kluwer Financial Services risk management and regulatory reporting solution to facilitate compliance with the capital requirements directive IV in Belgium.
Lexinta Group buys Eternitrade
Lexinta Group, a Germany-based asset management firm, has completed the acquisition of Eternitrade, a Swiss-based private wealth management solutions group and the Eternitrader online trading group.
Affluent investors to opt more for cash in the coming month: Spectrem
Since May, Millionaire investors had increasingly indicated they would be retreating to the sidelines rather than invest. But in July, fewer Millionaires reported they would be going this route, according to a monthly investment trends survey conducted by Spectrem Group. “Not invest” dropped 6.5 points to 28.9. This was the biggest drop in six months.