Managers of Wealth

Anticlimax coming to Westpac wealth auction

There’s unanimous agreement around the auction that CBA and KKR-backed Colonial First State was the final party standing.

British debt cost rises and sterling sinks after new economic plan

Cuts in income taxes, property taxes, the exemption for foreign visitors and the suppression of a rise in corporate taxes are the objectives of the Government to give a boost to households and companies.

Rate rise expectations are hammering gold

Investors have been voting with their feet and reducing their gold positions, because the combination of high short-term interest rates and lower inflation expectations has reduced gold’s appeal.

Ticino real estate market under the spell of rising interest rates

In the past decade, various negative factors such as the abolition of the minimum exchange rate against the euro, the de facto abandonment of banking secrecy or the second home initiative have weighed on the canton's economy

Swiss franc hits record high against euro

The euro also fell to a 20-year low against the US dollar.

Odey fund surges 145% on big bet against gilts

The firm’s main fund reportedly saw the bumper gain this year after making its largest position a bet against long dated bonds its largest position.

Credit Suisse Checks Appetite for Fresh Capital

In addition, the report also said that Credit Suisse was considering an exit from the US market.

Recession risks rising, as Fed’s inflation fight is far from over

The Fed’s decision on rates was unanimous, and Mr Powell noted that the Fed still intends to move ‘purposefully’ towards rates that actively restrict growth, with the current 3.00-3.25% level now on the cusp of that territory.

Credit Suisse sounding out investors for capital hike – report

The bank will announce progress on its strategy review when its third-quarter earnings are published.

Brewin Dolphin awards community grants to local good causes

Since its inception in 2013, coming up for its tenth year, the Brewin Dolphin community grants programme has donated over £240,000 to local good causes.

Raymond James Seeks to Serve More Wealthy Clients

Raymond James has the capabilities to serve wealthy clients, but the new Private Wealth Advisor Program will help advisors better match the firm’s resources with client needs

Credit Suisse considers splitting investment bank in three

Swiss lender hopes to sell profitable units to stave off a damaging capital raise

FTSE slips as Bank of England gears up for bumper rate rise

After the Federal Reserve's aggressive 0.75% interest rate hike yesterday, the Bank of England is expected to follow suit today, with UK shares under pressure as borrowing costs rise.

Ranks of Millionaires to Expand Nearly 40 Percent by 2026

Credit Suisse projects that global private wealth will increase by 36 percent, or $169 trillion, by 2026, and in the process increase wealth per adult by 28 percent.

Interstellar disposal v deep burial: solving the nuclear waste problem

US President Joe Biden plans to spend USD 6 billion to save nuclear power stations that are at risk of closure.

UK small and mid caps: how much bad news is already priced in?

Our experienced investors in the UK explain how they’re looking at the stock market amid growing fears over the country's economic outlook.

Brooks Macdonald raises wages for low-income earners to combat cost-of-living crisis

Brooks Macdonald isn’t the only investment manager helping employees with big bills.

Why integrate private equity in your investments?

They are increasing in number, including in France, and often operate in the technology and digital sectors.

Surviving ‘Total War‘

“Sweat saves blood.” - Erwin Rommel.

Why behavioral finance is top of mind with wealth managers

Think of an artificial intelligence-powered algorithm that decides a client is skittish about large-sum charitable giving but open to creating a private foundation.

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