04/17/2020
Chairman Guy Lachapelle took home 750,000 francs. Raiffeisen's board, which is comprised of ten directors, was paid a total of 2 millionen francs; Lachappelle abolished attendance fees for directors, which had totalled 709,000 francs in 2018.
04/17/2020
Gold divides opinion. But while its role is open to question in normal times in extreme market conditions it's a good safe haven.
04/17/2020
The transactions and new opportunities range from refinancing existing debt to addressing margin calls, as well as finding investing opportunities.
04/17/2020
Not surprisingly, the rapid spread of COVID-19 and the unprecedented reaction of the global markets, has negatively impacted the value of our clients’ funds and consequently our second quarter total income.
04/17/2020
Morgan Stanley Wealth Management saw $18.4 billion of net flows into fee-based accounts, up 24% from the net inflows recorded a year earlier.
04/16/2020
AMP’s Australian wealth business recorded $6.3 billion of cash outflows in 2019 full year, slugging the division’s profit which had fallen by 49.9 per cent year-on-year.
04/16/2020
The launch is in response to demand from clients for simple, cost-effective, long-term investment portfolios designed to address the challenges of unstable market cycles.
04/16/2020
While Reed’s medical expertise came as an administrator in the field of spinal medicine, his research background lent itself to relationships with epidemiologists who he says have long been warning about the chances of a global pandemic.
04/16/2020
The firm further noted that it will offer customised advice depending on each customer’s short-term liquidity requirements and long-term goals.
04/16/2020
They include Banque Cantonale de Geneve and St. Gallen and Zurich's cantonal banks (the latter is listed as systemically relevant alongside UBS and Credit Suisse).
04/16/2020
We’d like to express gratitude to our fantastic sponsors here at Managers of Wealth.
04/16/2020
Harrison said the firm was “resilient” in the face of “this period of extreme market volatility”.
04/16/2020
"Current trading is challenging, and at this exceptional time, it is difficult to predict what the outcome for the 2021 financial year might be"
04/16/2020
The speed at which the impact of COVID-19 and governments' reactions to the virus in the shape of lockdowns have been felt across the world is part of what makes the crisis so unique.
04/16/2020
The new transaction structure would feature a "material" new equity investment and therefore a significant reduction in the external debt levels of the combined group.
04/15/2020
After a flat budget for fiscal years 2016 through 2018, funding was increased in 2019 to $1.68 billion.
04/15/2020
Three wealth managers tell us how they are promoting their companies to attract new clients.
04/15/2020
With the virus outbreak still in full swing, some Western nations are already mulling a relaxation of lockdown.
04/15/2020
Bank of America reported first-quarter earnings on Wednesday that beat analysts' revenue expectations but fell short of their earnings per share forecasts.
04/15/2020
“Revenues increased in investment banking, global markets and consumer and wealth management. However, the bank took a bath in asset management.”