All articles by Verdict Staff
Verdict Staff
US, Hong Kong regulators ink cross-border cooperation agreement
The US Securities and Exchange Commission (SEC) has signed a memorandum of understanding (MoU) with the Hong Kong Securities and Futures Commission (SFC) to strengthen cross-border cooperation.
Deutsche Bank finalises $7.2bn settlement with DOJ over sale of toxic securities
Deutsche Bank has reached a $7.2bn final settlement with the US Department of Justice (DOJ) over the issuance and underwriting of residential mortgage-backed securities (RMBS) between 2005 and 2007.
Northern Trust net income rises 11% in Q4
Northern Trust has reported net income of $266.5m for the fourth quarter of 2016, up 11% compared to $239.3m in the corresponding quarter of 2015.
Credit Suisse reaches final agreement with DOJ over sale of toxic securities
Swiss banking major Credit Suisse has reached a final settlement with the US Department of Justice (DOJ) over the sale of legacy residential mortgage-backed securities (RMBS).
UBS extends agreement with EPAM Systems to foster innovation
Swiss banking giant UBS has signed a multi-year agreement with technology provider EPAM Systems to support its cost reduction programme.
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Goldman Sachs net profit surges to $2.15bn in Q4
Goldman Sachs has posted net earnings applicable to common shareholders of $2.15bn for the fourth quarter of 2016, a huge surge compared to $574m in the corresponding quarter of 2015. Diluted earnings per common share were $5.08 compared with $1.27 a year ago.
Zedra bolsters Singapore team with two new hires
Zedra, a provider of independent trust, fiduciary, corporate and fund services, has expanded its Singapore team by appointing Yuan Yuan Woo as an executive director and Nithya Camoens as director.
U.S. Bancorp net income remains flat at $1.48bn in Q4
U.S. Bancorp has reported net income of $1.48bn for the fourth quarter of 2016, marginally up compared to $1.47bn in the same quarter of 2015.
Citigroup net income rises 7% in Q4; private bank revenues up by 6%
Citigroup reported net income of $3.57bn for the fourth quarter of 2016, up 7% compared to $3.33bn a year ago.
USA Financial launches new platform for financial professionals
USA Financial, a financial services firm serving both clients and financial advisors, has rolled out a turnkey asset management programme (TAMP), called USA Financial Exchange, to its financial professionals.