07/23/2014
“First-half results were adversely impacted by exceptional legal and regulatory expenses,” Chief Executive Officer John Williamson said in the statement. “I remain optimistic about the future, with the prospect of fewer distractions and
07/23/2014
Leading private bank quitting the island
The international firm is pulling the plug on the provision of banking and wealth management services from the island.
07/23/2014
Succession has acquired a Halifax-based advice firm for £3m
07/22/2014
Credit Suisse Group AG reported its biggest quarterly loss since the collapse of Lehman Brothers in 2008, due to a 1.6 billion Swiss franc (1 billion pounds) charge taken following a May settlement with U.S. authorities over tax evasion charges.
07/22/2014
HSBC has awarded its communication mandate to L&K Saatchi & Saatchi for the re-launch of its Premier offering in India.
07/22/2014
Singapore set to overtake Switzerland as world’s largest wealth management hub: report
Bankers are in very great demand.
07/22/2014
Pretax profit rose to 9.5 million pounds from 2 million.
07/22/2014
Arbuthnot Banking Group has agreed to sell its structured product business by the next quarter of the year.
07/22/2014
Investment pros try to impress their clients with jargon, but the message isn't getting through.
07/21/2014
Cantor Fitzgeraled seeks global bolt-ons
Cantor Fitzgerald is looking to “aggressively” bulk up globally across asset management and investment banking, with the US brokerage setting its sights on acquisition targets on both sides of the Atlantic.
07/21/2014
Natixis To Fund Research On Investing
The project, to be conducted by the Massachusetts Institute of Technology, will focus on investor behavior and the personal benchmarks investors set.
07/21/2014
Julius Baer Buys Bank Leumi's Swiss Private Bank
The most recent deal wasn't widely anticipated
07/21/2014
Julius Baer 6-month IFRS Net Profit Climbs 56%
Assets under management (AuM) grew to CHF 274 billion
07/21/2014
WH Ireland withdraws from third party adminstration
Wealth manager and stockbroker WH Ireland has reported strong profit growth in the six months to May
07/21/2014
Wealth firm's acquisition spree boosts profit by 50%
Revenues were up 50% at £7.3m, earnings before interest, tax, depreciation and amortisation rose by 97% to £0.81m and pre-tax profits were up 55% at £0.54m.
07/21/2014
UBS expects its business with its wealthiest clients to grow by 7 to 8 percent in terms of assets, as the area plays an increasingly important role for the Swiss private bank.
07/21/2014
Julius Baer Group Ltd., Switzerland’s third-largest wealth manager, said its affluent Russian clients were less active in the first half of the year amid political tensions in the region.
07/21/2014
True Potential Associate Partners and True Potential Adviser Services) remains one of the fastest-growing technology and financial services companies in the UK.
07/20/2014
The industry is far from homogeneous and is extremely fragmented, with more than 19,000 firms.
07/20/2014
The group is understood to have told 11 of its 25 London-based dealers late last week that their job is at risk