06/18/2015

Merrill to Ready Clients for Account Changes

Merrill Lynch is preparing to send a missive to clients, saying that any fee-based accounts not transitioned onto its new advisory platform–Merrill Lynch One–by year’s end will be converted into commission-based accounts, Wealth Adviser

06/17/2015

Jamaica pushes as home to HSBC HQ

British banking giant, HSBC, is considering relocating its headquarters out of the UK, and one Caribbean state is now vying for the spot

06/17/2015

Schroders launches BSP Credit strategy on GAIA platform

Investing primarily in global high yield corporate credit with a focus in the US, the fund will aim to generate attractive risk-adjusted returns in both up and down markets and provide investors with an absolute return of 5-7% per annum.

06/16/2015

Westpac trims stake in wealth manager

Westpac, one of Australia's big four banks, has announced it will pare its stake in wealth manager BT Investment Management as it continues its drive to shore up capital.