The CBA has recorded a statutory net profit after tax for the half year ended Dec 31 2011 of $3.624 billion, a 19% increase on the previous corresponding period, in a strong result unaided by its wealth management arm which recorded a loss.
AbdulRazak Ali Issa, Chief Executive of BankMuscat, inaugurated the flagship Private Banking branch offering bespoke solutions that preserve, secure and grow wealth.
"Our longer term goal is to be recognized as Australia's premier boutique private wealth management firm, with a presence in all major cities in the country," said Kelly
This phenomenon, the "wealth gap," is not new and we have become used to the fact that, with few exceptions, particularly in developing countries the wealth disparity is growing steadily.
The Swiss bank, hit in 2011 by a rogue trading scandal and still clawing its way back from a financial crisis bailout, is slashing 2011 investment bank bonuses by 60 percent, a steeper drop than most rivals.
He has left “to pursue other interests,” HSBC said. Lisa Baitup, a London-based spokeswoman for the bank
In an environment of moderate growth, low inflation and deleveraging, EUR high yield short dated bonds offer an attractive risk/return profile in a European market that has matured at a rapid pace over the past several years.
As Barclays reveals its profits Channel 4 News Business Correspondent Sarah Smith asks if, in this case, it is time to stop the popular pastime of banker bashing?