07/02/2012
Three Chinese banks topped the profit table, led by Industrial and Commercial Bank of China (ICBC) for the second successive year, with pretax earnings of $US43.2 billion ($42 billion), according to The Banker.
07/02/2012
It was Thomas who established the firm’s reputation as private bankers to the aristocracy, and secured its royal connection.
07/02/2012
India’s problems from a record current account deficit to stalled policy reforms and economic growth running at its weakest pace in nine years, are well known and explain a slump in the rupee to a record low.
07/02/2012
India has gone from the country set to overtake China to the country that can do nothing right. Now, a few contrarians see signs India is turning a corner.
07/02/2012
Media Banker Bourkoff Launches Boutique
Based in New York, LionTree will have two units – an advisory business and an investing business
07/02/2012
Rochdale will combine with City National Asset Management to form a new registered investment advisor within the bank's wealth management group
07/01/2012
Private wealth in Asia excluding Japan grew more than five times faster than the 2 per cent global average in 2011, to $24tn, or a fifth of global wealth, according to Boston Consulting Group.
07/01/2012
The attraction, clearly, is more about potential than current opportunities. Like many Latin American countries, Brazil has a young and rising population with a fast-growing middle class.
07/01/2012
The fees totalled nearly $14 billion in the second quarter, down from more than $18 billion in the first quarter of 2012. Year to date, fees have totalled $32 billion, down 25 percent from the same period in 2011.
07/01/2012
Vontobel would consider acquiring an asset management firm overseeing as much as 25 billion Swiss francs ($26.4 billion), the Swiss newspaper quoted Schwarzer as saying.
07/01/2012
The White Paper, entitled, ‘The RDR Inquiry’ was independently commissioned and not designed to reflect the opinions of 2plan or its members.
07/01/2012
Heartwood has announced that it will be offering its model portfolios via the Novia platform.
07/01/2012
Private wealth fell 0.9% to $38 trillion in North America in 2011, yet rose 10.7% to $23.7 trillion in the Asia-Pacific region. Welcome to the new reality of a so-called "two-speed world."
07/01/2012
Coutts creates framework to align job roles globally
Coutts has created a global career framework that clearly defines career levels and job roles to make its reward and pay more transparent across 12 countries.
07/01/2012
The new French Socialist government has promised to reinstate the country’s old wealth tax rate and increase income tax
07/01/2012
Former consultant takes over financial adviser Dunedin's assests
The remaining assets of a collapsed independent financial advice firm in Glasgow have been taken on by one of its former consultants.
06/28/2012
There are 14 areas that are evaluated, including assets, liabilities, total income, net attributable profit and return on assets, collating data on real size, real growth, and percentage growth.
06/28/2012
Many big firms are trying to make financial planning a lot more gay-friendly.
06/28/2012
Under the legislation, there will be a limited licensing obligation for small funds, while the so-called business partner model will be created for administrators, risk managers, investment fund distributors and prime brokers.
06/28/2012
It was an effort to demonstrate the Vatican’s latest attempt at modernity and transparency – and came just before a key meeting next week of international anti-money laundering experts.