All articles by Verdict Staff
Verdict Staff
John Hancock Investments launches new John Hancock value equity fund
John Hancock Investments has launched a new John Hancock Value Equity Fund.
Butterfield Bank to buy part of HSBC’s Cayman business
Butterfield Bank (Cayman) Limited, a wholly owned subsidiary of The Bank of N.T. Butterfield & Son, has agreed to acquire buy parts of HSBCs corporate and retail banking operations in the Cayman Islands.
Credit Suisse hires new Southeast Asia head of financial institutions
Credit Suisse has hired Sharhan Muhseen as new head of financial institutions for Southeast Asia.
HMRC apologises over £2 billion tax revenue error
The UK’s HM Revenue and Customs (HMRC) has apologized to the MPs for wrongly estimating how much money it was bringing in additional tax income for the Exchequer.
Standard Chartered renminbi globalisation index up 3.7% in May
Standard Chartered announced that the Standard Chartered Renminbi Globalisation Index, or the RGI, reached 1,882 in May, up 3.7% from the previous month and 84.4% year-on-year.
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Deutsche Bank says wealth unit on track to meet profit targets for the next year
Deutsche Bank’s asset and wealth management unit is on track to meet a target of EUR1.7 billion (US$2.31 billion) in pretax profit by 2015, more than double last year’s total and more than 10 times its 2012 result, said Michele Faissola, the unit’s head.
Fund management business continues to grow in 2013: Hong Kong’s SFC
The combined fund management business in Hong Kong hit another record high of $16,007 billion as of the end of 2013, representing year-on-year growth of 27.2%, according to survey released by Securities and Futures Commission (SFC).
NEST awards two emerging market mandates to HSBC, Northern Trust
National Employment Savings Trust (NEST) has granted two new emerging market mandates to HSBC Global Asset Management (UK) and Northern Trust Asset Management.
Average inheritance in Canada approximately $100,000: BMO InvestorLine
The average inheritance in Canada is just under $100,000, according to a study released by BMO InvestorLine.
Barclays restructures investment banking unit
Barclays has restructured its investment banking unit with new hires in Asia, Europe and the US.