10/27/2022
Wealth management firm sees revenues, profits and assets grow
Revenues of £8.3m were an improvement on the £6.2m figure for the previous year.
Wealth and Asset Management
10/27/2022
Bank staff association: Urs Rohner should pay back the bonus
So far it is completely unclear how badly the successful Swiss division and the local corporate functions are affected.
10/27/2022
Fund group profile: Pictet
Each month we will give you the vital measurements of a fund group: gains and losses, performance and market share.
10/27/2022
Quilter’s WealthSelect adds to fixed income in ad-hoc rebalance
The WealthSelect portfolios has been underweight to traditional fixed income of late, however will now add to this exposure across risk levels 3-7 in the Managed and Responsible ranges
10/27/2022
German banking group shutters UK private client arm
As part of a cost cutting exercise
10/27/2022
Santander reports attributable profit of €7,316 million for the first nine months of 2022, up 25%
Profit before tax was €11,761 million, down 6% (+3% in current euros), while tax on profit in the period was €3,538 million, resulting in an effective tax rate of 30%.
10/26/2022
Citi Securities Services Onboards South African Wealth Manager Sanlam Private Wealth
Citi supports Sanlam Private Wealth’s business model transformation
10/26/2022
Deutsche Bank reports profit before tax of € 1.6 billion, its highest third quarter since 2006
The bank aims to achieve these targets by supporting clients in carbon-intensive industries, and financing their transition strategies
10/26/2022
StanChart Profit Up from Record Third Quarter for Markets Arm
The bank posted a 3 percent uptick in operating expenses driven by increased investment-based spending, salary inflation and performance-related pay accruals.
10/26/2022
UBS reveals price of sold Swiss Financial Advisers division
However, the bank’s net profit declined, it said in its third-quarter results.
10/26/2022
UBS records drop in Asia wealth management profitability
HSBC and Standard Chartered also record third-quarter results.
10/26/2022
Three things to watch ahead of Credit Suisse results
From restructuring of investment banking to job cuts, the Swiss group will have to be decisive, especially if it wants avoid a large capital raise or a mega-merger.
10/26/2022
The Downside to the Fear of Upside
The US 10-year bond yield fell 100bps to 2.5%.
10/25/2022
UBS's third-quarter 2022 results
3Q22 net profit of USD 1.7bn, 15.5% return on CET1 capital and 14.4% CET1 capital ratio
10/25/2022
The ex-lawyer helping billionaires shed their wealth
It’s the kind of early-career journey that forms the foundation of the most successful careers.
10/25/2022
Coutts relaxes £1m threshold to cater for Adam clients
The private bank has eased its deposit rules after being left with a number of lower net worth clients following Canaccord's acquisition of Adam & Co's investment arm.
10/25/2022
Looking for Yield? UBS’s Wealthy Clients Turn to Cash
While they’re not withdrawing completely from markets, the volatility has increased uncertainty.
10/24/2022
Rothschild & Co Wealth Management in the UK receives two Diversity and Inclusion Awards
The Inclusive Talent Management award recognises an organisation which has developed innovative, creative and effective strategies to attract, recruit and retain high performing and diverse talent.
10/24/2022
Valorous Advisors, a Texas Team with Half a Billion+ in AUM, Chooses Partnered Independence With Sanctuary Wealth
Latest partners are 27th breakaway from Merrill Lynch and 12th Texas team
10/24/2022
Credit Suisse Group reaches settlement in French legacy case
The settlement does not comprise a recognition of criminal liability.