02/27/2014
U.S. Trust, the private wealth management arm of Bank of America, today announced it has expanded its Financial Empowerment Program to address risks to family wealth in an online world.
02/27/2014
Deutsche Asset & Wealth Management has agreed to sell Tilney, a subsidiary of its wealth management business in the UK, to Permira, which recently bought Bestinvest.
02/27/2014
The overhaul of the Gibraltar government’s financial services framework has been taking place without much fanfare or notice, apart from occasional, seemingly unrelated announcements that have received little coverage outside Gibraltar and southern
02/26/2014
SAC Capital Advisors LP returned almost all investor money as of the end of January and has shrunk its headcount to 850 people from 1,000, as the firm focuses on managing the private wealth of founder Steven Cohen.
02/26/2014
The bank declared a quarterly dividend of one cent per share and, in addition, a special dividend of one cent per share.
02/26/2014
The bank declared a quarterly dividend of one cent per share and, in addition, a special dividend of one cent per share.
02/26/2014
Excluding Switzerland, which experienced a modest outflow in the second half, all other private banking businesses were positive in relation to net new assets.
02/26/2014
Clients redeemed $10.2 billion, or 13 percent of the company’s average assets, in Ashmore’s fiscal first half because of withdrawals in some fixed-income and currency investments, according to the statement.
02/26/2014
Wealth Management net income was $235 million, up $6 million or 3% compared to last year, mainly due to higher average fee-based client assets resulting from capital appreciation and strong net sales.
02/26/2014
The bunker deep in the Swiss Alps an hour’s drive south of Zurich was designed to withstand nuclear blasts and protect soldiers from a foreign invasion that never came. Today, it’s used to guard digital data.