08/26/2014
Lichtenstein-based private bank pulls Swiss arm out of US programme on tax evasion
A spokeswoman for the bank said it had set aside 3 million Swiss francs ($3.3 million) in provisions for the investigation.
08/26/2014
Swiss private banks are preparing for an increase in acquisitions after declining profitability and provisions for a U.S. Justice Department probe into tax evasion hurt earnings.
08/26/2014
Wealth Manager can reveal the review has entered its second stage and will see the regulator conduct so-called 'deep dive' audits amongst a number of private client investment divisions that allocate large sums to internal funds.
08/25/2014
RBS could split Coutts International to woo Asian buyers
RBS will start the process saying they are selling it as a whole
08/25/2014
Morgan Stanley managers depart amid reorg
A number of Morgan Stanley Wealth Management directors have left the firm amid a reorganization of the managed-accounts unit and streamlining of operations
08/24/2014
Seven things you should know about Raja Sharma
Sharma is managing director for Merrill Lynch Private Banking and Investment Group
08/24/2014
She also owned, along with her three children, the wine houses of Chateau d'Armailhac and Chateau Clerc Milon.
08/22/2014
Best private bank for Asia announced
Asia now accounts for half of the private bank's global structured product sales.
08/22/2014
Morgan Stanley Wealth Management now has a combined $5.2 billion outstanding in forgivable loans to advisers–which works out to $321,402 per adviser in its ranks, InvestmentNews says.
08/22/2014
Switzerland’s two largest closely held banks are poised to publish their earnings after two centuries of secrecy.
08/22/2014
Second representative office in the USA, adding New York City to its well-established presence in Miam
08/22/2014
His main asset is confectionery Roshen, one of the world’s top-20 largest
08/22/2014
Handelsbanken acquired Heartwood in May 2013.
08/21/2014
Swiss private banks are preparing for an increase in acquisitions after declining profitability and provisions for a U.S. tax program prompted more than one-third to report a loss last year
08/21/2014
Today the World Bank priced a $12.057 million World Bank Step-Up Callable Green Bond sold to Merrill Lynch Wealth Management clients.
08/21/2014
The bank will act aggressively on all fronts
08/21/2014
Australia's biggest wealth manager to overhaul wealth planning arm amid crisis of confidence
The moves comes as the company announced this morning a 3 per cent decline in net profit to $382 million for the six months to June 30.
08/21/2014
Bridgepoint explores Quilter Cheviot IPO or sale by year-end
The two businesses are now integrated and Quilter Cheviot is currently in the throes of moving both onto the same platform
08/21/2014
FPI launches website aimed at non-resident Indians
Friends Provident International has launched a new website with a section dedicated to non-resident Indians.
08/20/2014
The provision of family office solutions and services makes perfect sense for a jurisdiction such as Guernsey, explains Fiona Le Poidevin, Chief Executive of Guernsey Finance.