All articles by Verdict Staff
Verdict Staff
Credit Suisse posts steep Q2 loss on US tax settlement
Swiss banking giant Credit Suisse has recorded a net loss attributable to shareholders of CHF700 million (US$779 million) in the second quarter of 2014, compared with net income on the same basis of CHF1.045 billion in the year ago after being fined US$2.6 billion for helping American clients evade taxes.
Buy side still grapples with workarounds and manual processes: SimCorp poll
74% of the respondents consider STP to be extremely important when it comes to derivatives processing, according to a survey conducted by SimCorp during a recent webinar entitled, Optimizing Derivatives Processing: ‘Alpha-tize’ your Infrastructure and Take Control of Capital.
Jersey government approves new charities law
Jersey government has approved new charities legislation to create a modern legal framework to support all types of international philanthropic and charitable enterprise.
Alter Domus adopts Thomson Reuters FATCA solution to enhance client on-boarding
Alter Domus, a global provider of corporate and fund services, has adopted Thomson Reuters FATCA solution across its services platform to enhance client identification and on-boarding to comply with the FATCA law.
BNP Paribas wins 180 billion custody mandate from Generali Group
BNP Paribas Securities Services has won a 180 billion pan-European custody mandate from the Generali Group.
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Super funds under-prepared for independent directors and increasing scrutiny: Mercer
The evolution of superannuation Trustee Boards is picking up pace, but not all funds are ready to appoint independent directors, according to new research from Mercer into the governance of Australian superannuation funds, which revealed 57% of funds surveyed do not currently have independent directors on their Trustee boards.
Merrill Lynch Wealth Management launches new training program for advisors
Merrill Lynch Wealth Management has launched a new training program that aims to fill skill gaps on advisor teams and potentially develop successors for their practices.
Henderson Global unveils new fixed interest total return fund in Australia
Henderson Global Investors Australia has unveiled a new flagship fund called the Henderson Global Fixed Interest Total Return Fund.
StatPro Group signs multi-year contract with Italian asset manager
StatPro Group (SOG), a UK-based provider of cloud-based portfolio analytics for the global asset management industry, has signed a multi-year contract with a major Italian asset manager for its StatPro Revolution service.
Interactive Data launches solution to address AIFMD requirements
Interactive Data has launched a new solution to help financial institutions address the Alternative Investment Fund Managers Directive (AIFMD), which fund managers need to be compliant with by 22 July 2014.