All articles by Verdict Staff
Verdict Staff
Schroders bulks up multi-asset team in US
British asset management firm Schroders has appointed Seth Finkelstein as US product manager for portfolio solutions as part of its strategy to boost multi-asset and portfolio solutions business.
Hermes Fund Managers launches new global fixed income fund
UK-based firm Hermes Fund Managers has increased its global fixed income portfolio by launching Hermes Multi Strategy Credit Fund.
Bank Leumi may pay US$289 million to settle US tax probe
Israel’s Bank Leumi is reportedly close to a deal with US Justice Department and may agree to pay nearly ILS1 billion (US$289 million) to settle a investigation into whether it helped Americans evade taxes.
BofA may pay US$12 billion to settle probes
Bank of America (BofA) is reportedly engaged in negotiations with the US Department of Justice (DOJ) and many other states to settle all civil probes as well as alleged handling of faulty mortgages in lieu of a USD$12 billion payment.
Indian regulatory body to probe Credit Suisse in insider trading case
The Securities and Exchange Board of India (SEBI) is likely to investigate the involvement of Swiss banking giant Credit Suisse in alleged leak of price sensitive information about a share deal.
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IMA regulatory affairs director to join KPMG
Julie Patterson, the regulatory affairs director of Investment Management Association (IMA), will exit the association at the end of August to join KPMG.
Hedge Funds on pace to lag 2013 performance: eVestment report
Although the favorable equity markets and falling treasury yields supported major hedge fund strategies in May, but the industry is on pace to lag 2013s performance, according to a report by eVestment.
Bank of America Merrill Lynch’s may hire APE chief as its new boss in France-report
Bank of America Merrill Lynch’s French unit is expected to hire David Azema, the head of French state holding company APE, as its new head.
FTSE launches new global R/QFII index series
FTSE Group has launched the FTSE Global R/QFII Index Series, a set of benchmarks that will provide market participants with the ability to include China A-shares in global indices at a time of their choosing.
Coutts launches investigation into unsuitable investment advice
Coutts, the private banking arm of RBS, has confessed it may have given thousands of customers unsuitable investments advice for more than half a century.