07/30/2012
Erste Group Bank 1st Half Net Profit Down 13%
Risk costs rose 6.6% from EUR 920.8 million in H1 2011 to EUR 981.8 million in H1 2012, or to 146 basis points of average customer loans.
07/30/2012
Risk costs rose 6.6% from EUR 920.8 million in H1 2011 to EUR 981.8 million in H1 2012, or to 146 basis points of average customer loans.
07/30/2012
Wealth management service provider says £400,000 underlying profit has “reversed a trend of deteriorating profitability”.
07/30/2012
"The discretionary portfolio space may have £500,000 or more. They might want something that takes them in to a different space, [utilising] other instruments that we would never bring into our mainstream portfolios. Read more: http://www.ifao
07/29/2012
The move is another advance for the growing move to curb excessive pay, as most company incentive schemes allow for shares to be sold after one to three years.
07/29/2012
The richest people on the planet added $15.2 billion to their collective net worth this week as global markets rose on speculation that Europe will move to ease borrowing costs in Italy and Spain.
07/29/2012
In the past, most advisers have recommended actively managed funds that seek to outperform stock markets through research and careful selection of stocks.
07/29/2012
The majority of executives who set the remuneration of directors running Britain's top companies believe salaries and bonuses are too high, The Sunday Times reported, citing a survey by management consulting company Hay Group.
07/29/2012
Mr Maitland has been assisting in that education for the past 16 years, partly via the Compendium of Investment he and his team compile.
07/29/2012
Bank Sarasin & Cie AG Monday said profit in the first half of the year declined over 27 percent from last year, amid lower asset base and cautious client investment activity against the backdrop of the debt crisis in Europe.
07/29/2012
The online business, could be sold as its founder attempts to expand internationally and continue to focus on British savers’ demands for buying physical gold and silver bars and coins.
07/29/2012
British investment manager Brewin Dolphin said transition to a fee based charging model boosted streams of recurring revenue while falling trading volumes kept a cap on overall revenue growth in its third quarter.
07/29/2012
HSBC Holdings, Europe's largest bank, said first-half profit rose 10 per cent, lifted by gains on asset sales. Pretax profit rose to $US12.7 billion from $US11.5 billion a year earlier, the London-based bank said in a statement today.
07/29/2012
The results beat analysts' expectations and allayed fears that the cooling down of China's economy would dampen luxury sales. Company bosses even expressed confidence that year-end figures would show continued growth.
07/29/2012
The closing of the transaction is expected for 31 July 2012.
07/29/2012
But Peter Flavel, the bank's chief executive for Asia, is determined to expand that clientele, setting his sights on the segment just below the ultra-high net worth - that is, catering for account sizes of between US$10 million and US$30 million.
07/26/2012
There are an almost unlimited number of benefits to incorporating social media into your overall marketing/business development strategy.
07/26/2012
Central to this programme is the view that professional bodies such as STEP have a key role in working constructively with tax authorities around the world to develop guidelines as to what constitutes abusive tax avoidance.
07/26/2012
Although Investec has a strong private banking and wealth management franchise, the economies of some of its key markets such as Europe have been hit by the eurozone crisis.
07/26/2012
The acquisition increased the Wealth Management Division's assets under management by approximately $1.0 billion.
07/26/2012
Embattled banking giant Barclays today revealed a potential £450 million bill for mis-selling complex financial products to unwitting small businesses.