All articles by Verdict Staff
Verdict Staff
SEC charges four California residents in US$12 million insider trading scheme
The Securities and Exchange Commission (SEC) has charged four Northern California residents with insider trading in Ross Stores stock options based on nonpublic information about monthly sales results leaked by one of the retailers employees.
UBS appoints new group head of human resources
Swiss banking giant UBS has named Sabine Keller-Busse as the new group head of human resources, replacing John Bradley.
IRS hints at overhauling tax amnesty program
The US Internal Revenue Service (IRS) is planning to make offshore tax amnesty scheme less tough. The scheme was aimed at encouraging US citizens to declare any offshore bank accounts.
Swedbank receives approval to use advanced IRB approach
Swedbank has received approval from Swedens financial services authority, Finansinspektionen, to use the advanced internal ratings-based (A-IRB) approach for its corporate exposures in Sweden and Norway.
Coutts to add investment bonds to suitability review
Coutts, the wealth management unit of RBS, is planning to include financial planning products, such as offshore insurance bonds in its suitability review, according to Wealth Manager.
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Kames Capital names new interim head of institutional business
Kames Capital has selected Peter Ball as the interim head of institutional business.
Fitch examines best practices for local government investment pools
Establishing best practices in the form of ongoing reviews of management and investment guidelines combined with strong liquidity management are critical to the success of local government investment pools (LGIPs), according to a Fitch Ratings report.
More than half of Canada’s affluent engage in some form of hobby investing: BMO
BMO Harris Private Banking has released a study on hobby (or passion) investing and high-net worth (HNW) Canadians.
SCBC withdraws Standard & Poor’s rating for covered bond
The Swedish Covered Bond Corporation (SCBC), a subsidiary of state-owned SBAB Bank, has withdrawn covered bond rating from American financial institution Standard & Poor’s.
JPMorgan Asset Management names head of global strategy
JPMorgan Asset Management (JPM) has appointed John Bilton as the new head of its global strategy team.