11/07/2012
Germany's second biggest lender may cut up to 6,000 jobs
Without naming sources German weekly Die Zeit reported on Wednesday that the job cuts are part of a multi-billion euro cost-cutting programme running until 2016.
11/07/2012
"The group faces complex and demanding challenges in 2013. However, the group's transformation and limited exposure to extreme risk scenarios in the euro zone place it in a strong position to deal with these challenges," the bank said in a
11/07/2012
Charles Stanley has seen its pre-tax profits tumble by 34.6 per cent in the first half of this year, much of it blamed on the FSCS levy and the cost of building its direct platform.
11/07/2012
Belgium will inject €2.92bn, or 53% of the total, with France providing the remaining €2.59bn
11/07/2012
"We have a lot of enquiries from European banks, not because they want to move the assets necessarily to Asia, but because their clients are asking them to," said Joshua Rotbart, general manager of Malca-Amit Precious Metals Ltd.
11/07/2012
An association of Singapore wealth managers with ultra-high net worth clients is gaining in size and visibility, as it enters its second year of existence.
11/07/2012
RBC has the distinction of being the first winner in this new category of the awards that celebrate excellence in wealth management, presented today at a ceremony in Singapore.
11/06/2012
The merger allows for a consistent investment process aimed at enhancing returns while minimising risk, the company stated.
11/06/2012
The increasing popularity of wealth management products in China has the potential to reduce banks' deposits and destabilize the banking system more generally, says CreditSights.
11/06/2012
"From the perspective of asset quality, the best point in the credit cycle is now behind Australian banks," said Fitch Ratings.
11/06/2012
BNP Paribas doubled third-quarter net profit on the back of a bond-trading rebound and a drop in euro zone losses, helping it meet balance-sheet targets ahead of schedule despite the economic slowdown.
11/06/2012
ING Group's 3Q12 net result was EUR 609 million, or EUR 0.16 per share, including divestments and special items.
11/06/2012
Rathbones acquires Taylor Young IM's wealth business
TYIM funds under management were £337 million at 2 November 2012 and Rathbones expects to pay a total of up to £10million for the firm.
11/06/2012
Funds under management in core operations up 4% to £263.3 billion
11/06/2012
Leading global financial services firm selling its Indian private bank
Wealth management platforms are usually sold for about 2 to 3 per cent of the assets under management, although the sources said it was not yet clear what price tag the unit could fetch.
11/06/2012
Skandia, which has since begun to rebrand as Old Mutual Wealth, saw UK platform gross sales of £900 million, down from £1.2 billion in the third quarter of 2011.
11/05/2012
Wealth Management Reigns Supreme at UBS
CEO of UBS Group Americas and the head of Wealth Management Americas, held a quarterly conference call yesterday with wealth management employees to brief them on the direction of the unit.
11/05/2012
Swiss Private Bank opens ME office
The bank is one of the oldest Swiss Private Bank authorized by FINMA
11/05/2012
Swiss bank joins emirate to manage assets
The Doha-based business of the joint venture will be licensed and regulated by the Qatar Financial Centre.
11/05/2012
The award was granted in the category 'Best Bank in the CIS and Baltic States providing private banking services and wealth management for Russian customers'.