07/25/2012
In its wealth, asset finance and international business, which includes the bank's wealth management arm, Lloyds reported a £995 million loss, despite growing its affluent and high net worth customer numbers
07/24/2012
Europe and UK also reported below average confidence in their local economies compared to advisers in Asia who are significantly more confident in their local economies than the global economy.
07/24/2012
“The downside is the bankers assigned to such a service are typically young and eager to progress up the ranks, meaning if they are any good they move on rapidly, and building a personal relationship is difficult. But value for the service is good,&
07/24/2012
Pictet Wealth Management says it is able to build market share in Spain because of its ability to manage foreign accounts on behalf of local clients.
07/24/2012
Revenue-generating Assets under Management were CHF 76.5 billion, down 4% on a year earlier and down 2% compared to end-2011, primarily reflecting the impact of businesses being exited as a result of EFG International’s business review.
07/24/2012
Merrill Lynch Wealth Management announced the launch of its annual Global Investing Programme, welcoming 50 next generation ultra high net worth individuals from Europe, the Middle East and Africa to London.
07/24/2012
Richard Clark and Simon Patterson, Private Bankers at Barclays Wealth and Investment Management, Newcastle, investigate the allure of investing in treasure. They pose the question: profit or pleasure?
07/24/2012
Asset manager Gam has created an investment advisory board for its managed portfolio business to be chaired by the managed portfolios global head of investments Graham Wainer.
07/24/2012
UK to crackdown on tax dodging Gulf-based landlords
The UK is clamping down on Gulf landlords who have bought properties in Britain and have not declared the rental income earned on them to tax officials, a London-based international tax advisor told Arabian Business.
07/24/2012
All of these have brought technology centre stage in managing financial institutions.
07/23/2012
Bank of China abandons Swiss dream
Under the terms of the agreement, BOC will refer clients with international private banking needs outside Chinese Mainland to the Swiss bank
07/23/2012
The report, titled The Price of Offshore Revisited, was prepared by a non-profit watchdog group, the Tax Justice Network (TJN).
07/23/2012
Already since the end of the 1990s, we have seen two phases in Asia’s economic renaissance.
07/23/2012
Twenty percent of the 1,020 households surveyed said they bought individual domestic equities in the 12 months ended in March, the Boston-based mutual fund firm said.
07/23/2012
With the region in its third year of crisis, firms have been stymied by the lack of bank loans needed to make buyouts profitable for their investors and an unwillingness on the part of sellers to accept lower-than-expected prices.
07/23/2012
The changes announced by EFG Group today should, once and for all, remove any misconceptions relating to EFG International and its exposure to risks arising from the Greek Sovereign Debt crisis.
07/23/2012
As part of this effort, in order to maximize operational efficiency, service for private-banking clients in Asia will be provided through Bank Hapoalim Switzerland branches in Zurich, Geneva, and Luxembourg and through the subsidiary in Hong Kong.
07/23/2012
“Against a turbulent market and economic background, Man’s funds under management have declined in the period principally as a result of continued net outflows and the deleveraging of our guaranteed products
07/23/2012
When one sees stories about banks in Hungary, they tend to be tales of woe, both for the banks and the people they (used to) lend to. Not so much for private banking, a line of services that caters to the very top tier of the consumer market, i.e. rich pe
07/23/2012
The poll, completed by 100 participants at SEI's annual Connections Conference, revealed that regulatory changes pose the single largest challenge for 58 percent of survey respondents.