08/29/2014
Coutts sets aside £110m for payments over unsuitable investments
The 300-year-old bank, owned by the Royal Bank of Scotland and whose customers include the Queen, has set aside the provision as part of a review of its advice to clients dating back to about 1950.
08/29/2014
Trouble at Coutts: Private RBS bank probed over 'risky' investments
It comes days after state-backed RBS was fined £14.5million for serious failings in its advice to mortgage customers from June 2011 to March 2013.
08/28/2014
Once accomplished individuals, including CEOs, business owners or high-profile athletes and entertainers, achieve a certain level of success there inevitably comes a time when they begin to ask themselves, ‘What’s next?’
08/28/2014
A 20-year veteran of JP Morgan has returned for a third stint in Luxembourg as head of its custody and fund services business in the country.
08/28/2014
Malta attracts global investors following changes to trust framework
08/28/2014
The group added that it is on target to acquire the best 50 firms from its membership with £7bn of assets by 2017.
08/28/2014
The York office was launched in 2007 after a team defected from Barclays Wealth.
08/28/2014
Falcon Private Bank has been named "Best Private Bank, UAE"
08/27/2014
The year 2014 has so far shaped up to be a banner one for wealth management.
08/27/2014
Two EFG executives, including the Asia head of investments of the funds arm, are leaving the Swiss bank to set up an external asset management business next month.
08/27/2014
Perhaps one of the worst attributes of modern Pakistani political discourse is virtually an absolute lack of a sense of proportion and a cavalier attitude towards accuracy and plausibility of numbers.
08/26/2014
Investec’s ‘One Place’ strategy pioneers banking and investing beyond borders
So, for example, a client could see in one platform their offshore Swiss accounts, their rival banking institutional accounts, their UK credit card balance, the value of their art, vintage cars or race horses, and their share options.
08/26/2014
He said it was easier to grow in the asset management sector than private banking at the moment, due to uncertainty surrounding tax issues.
08/26/2014
Is Switzerland really the country of bankers?
Professions are not usually associated with a particular country, yet everybody has heard of the 'Swiss banker'.
08/26/2014
Pictet, which is still owned by eight partners, did not provide any comparisons with previous periods, saying that it had changed its accounting method this year.
08/26/2014
Pictet in profit as wealth manager reveals results for first time
Pictet, which is still owned by eight partners, did not provide any comparisons with previous periods, saying that it had changed its accounting method this year.
08/26/2014
A handful of outsiders are hired annually with that title.
08/26/2014
Lichtenstein-based private bank pulls Swiss arm out of US programme on tax evasion
A spokeswoman for the bank said it had set aside 3 million Swiss francs ($3.3 million) in provisions for the investigation.
08/26/2014
Swiss private banks are preparing for an increase in acquisitions after declining profitability and provisions for a U.S. Justice Department probe into tax evasion hurt earnings.
08/26/2014
Wealth Manager can reveal the review has entered its second stage and will see the regulator conduct so-called 'deep dive' audits amongst a number of private client investment divisions that allocate large sums to internal funds.