02/22/2012

HSBC To Overhaul UK Bonuses

HSBC, which will report its full-year results for 2011 next Monday, is to issue tens of millions of pounds in new shares to cover any bonuses of more than £50,000 awarded to UK-based employees, people close to the bank tell me.

02/22/2012

Chastened UBS uses 150th events to polish image

The bank has been back in the headlines for the wrong reasons this month after it posted poor results for the last three months of 2011 and over its involvement in a global inquiry into a conspiracy to manipulate interbank lending rates.

02/22/2012

Bankers, Watch Your Bonus, It May Be Revoked

Swiss bank UBS is taking back 50 percent of share-based bonuses over 2 million Swiss Francs ($2.2 million) paid to investment bankers in 2011, after a profit plunge for 2012.

02/22/2012

UBS launches Israel wealth management unit

The reason we didn’t acquire a company is that there is no company or investment house in the market that suited the concept that we want to bring to Israel.

02/22/2012

Record year for St James's Place

“Whilst the road to recovery for the UK economy is likely to remain challenging, the need for trusted financial advice is greater than ever. Given the market opportunity available to us, together with the continuing growth and development of the Par

02/21/2012

UBS facing real estate headache in Hong Kong

UBS has limited options, people involved in the real estate market said, and is set for some tough negotiations with its landlord, MTR, which runs Hong Kong’s subway and owns the main space UBS occupies.

02/21/2012

Finnish investment bank focuses on wealth

"Evli Bank as a group has been recently refocusing more toward wealth management, and this is also bringing changes to the Baltic opera-tion," says Jolanta Latviene, the new CEO and board chairman of Evli Securities, Evli's Tallinn-based Ba

02/21/2012

Wealth tax to span watches, paintings...

Deposits in foreign banks, paintings, sculptures and expensive watches may come under the wealth tax net as part of the government's drive to unearth black money.