09/02/2022
Quilter to pay £310k over two historic Fos cases
Returns fell from £4k to £160 over four years, before the investment was valued at just £1.
Wealth and Asset Management
09/02/2022
Credit Suisse Reportedly Plans to Ax Thousands of Jobs
The cuts are part of broader plans to reduce $1 billion in costs to help the bank recover from a series of scandals and quarterly losses.
09/02/2022
Stephenson Harwood’s on the Evolving Expectations found in the Wealth Management Industry
Hubbis met with her recently to learn of her views on the evolving needs and expectations of her clients, which include HNW and UHNW individuals and families, trust companies, family offices, international banks and fiduciary service providers.
09/02/2022
Credit Suisse Planning China Wealth Unit Next Year
The wealth management market in China is about $4.2 trillion in a country where household wealth is growing faster than the economy.
09/02/2022
Where Credit Suisse's Missing Billions Lie Dormant
Credit Suisse officially intends to comment on any adjustments to its corporate strategy at the end of October.
09/01/2022
Hywin Holdings Announces Unaudited Financial Results for the Second Half and Full Year of Fiscal 2022
Stable earnings growth backed by diversified revenue mix and strong client loyalty
09/01/2022
Philanthropy moving beyond writing cheques to more direct involvement
This generation is looking at how to pull all their resources, be it their wealth, their unique skills, their influential networks, their businesses to work for the good of all of us.
09/01/2022
Union Bancaire Privée’s Wealth Management CEO for Asia on Defining and then Refining the Right Business Model for Success
He also set out how the UBP approach is to provide high-touch, specialised investment advice rather than a low-touch, digital-first model.
09/01/2022
Private banking: millennials’ top 5 expectations
This is especially true for HNWI millennials – likely current and future private banking clients – who comprise a rapidly growing cohort.
09/01/2022
What were 2022’s big investment trends for UHNWIs – and where will they go next?
Right after the COVID-19 recovery began, the war in Ukraine started – and for European investors it was something happening very close to home, so it affected the behaviour of clients
09/01/2022
Merrill Lynch Advisors Managing $560 Million Jump to RBC
Coatoam praised RBC for its “family-like culture, as well as the management team who truly believe that clients come first.
09/01/2022
Wealth management M&A market set for further acceleration
Recent level of activity ‘has been remarkable’ and ‘shows no sign of letting up’
09/01/2022
Rothschild Bank Profits Drop as it Digests Takeover
The main contributors were value adjustments on investments and write-downs on real assets such as real estate totaling 7.5 million francs
09/01/2022
Pictet Group assets shrink on volatile market conditions
Capital ratio totalled 23.5%, more than the minimum of 12% mandated by Swiss Financial Market Supervisory Authority (FINMA), on the basis of CHF3.06bn of total regulatory capital.
09/01/2022
moomoo Singapore wealth management AUM soared 3.7 times in 3 months
Both revenue and net profit increased 10.8% and 25.1% from the corresponding period year-over-year
09/01/2022
Strong year for private banks in 2021 but headwinds are picking up
Private banks in Switzerland experienced a golden year in 2021. Assets under management rose by CHF 373 billion last year.
08/31/2022
Financially sound banks facing economic and political uncertainty
SBA publishes Banking Barometer 2022
08/31/2022
BoE Money & Credit report: Mortgage lending dips while consumer borrowing soars
Borrowers who secured killer two-year deals in 2020 when rates were still at record lows are set for a hefty increase if their fixed rate is expiring soon as interest rates are currently averaging 4%.
08/31/2022
BlackRock Continental European Income added to Hargreaves Lansdown Wealth Shortlist
'Resilient and defensive nature'
08/31/2022
Industrial automation innovation among private banking industry companies has dropped off in the last three months
Analysis of patent filings shows a shrinking level of industrial automation related applications in the industry over the past three months, compared to last year