All articles by Verdict Staff
Verdict Staff
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.
Rowan Dartington names chief risk officer
British wealth manager Rowan Dartington has appointed Marcus Adams as its chief risk officer.
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.
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.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
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.
Butterfield wind-down private banking operations in UK
The Bank of N.T. Butterfield & Son (Butterfield) has concluded the wind down of its London-based private banking operations and discontinued its deposit-taking and investment management services in the UK.