05/17/2012

HSBC says it's already cut $2 billion in costs

The integration of its four pillar businesses has delivered US$500 million of additional revenue, the bank said, adding a further US$1.5 billion in revenue is expected in the short- to medium-term.

05/16/2012

Shanghai has 370,000 dollar millionaires - Research

The Hurun Research Institute and independent financial advisor Gao Fu Club jointly released the Shanghai Wealth Report 2012, an authoritative report identifying and analyzing the private sector in Shanghai.

05/16/2012

No JPMorgan, UBS Heads To $15 On Wealth Management Strength

This is a great sign for UBS as wealth management is a much more predictable business compared to the highly volatile sales & trading business which has contributed to earnings improvements for almost all its competitors including Barclays and Credit

05/16/2012

Deloittes gear up for the Olympics

A team of employees from Deloitte are gearing up for the Olympics by taking to their saddles and tackling the official Olympic cycle route before the London 2012 athletes.

05/15/2012

Aussies say no thanks to private bankers

Although the survey covered more than 600 high net worth individuals in Australia, that single anecdote told a lot about the imperfect customer acquisition.

05/15/2012

Julius Baer reports 4% increase in AUM

The increase in AuM was driven by continued solid net new money and a positive market performance, which together outweighed the negative currency impact.

05/15/2012

LPL Nabs $560M Team

LPL Financial announced that it has lured The Botsford Group, a regional advisory firm, to its wealth management platform, the company announced.