Managers of Wealth

China approves ICBC-Goldman joint venture to start offering wealth services

ICBC will "push forward" the joint venture to execute all the relevant procedure "in strict compliance with laws

Carey Olsen named a finalist for two STEP Private Client Awards

This year's awards also saw a record number of nominations, with 337 submissions from 27 countries for the 21 categories available.

Bermuda Claims Against Credit Suisse Now More Precisely Defined

That amount more precisely determines the amount of the loss, which Credit Suisse estimated to be around $600 million in its first-quarter report.

Finma Potentially Leaves Door Open for Independent Asset Managers

That means that anyone who has not applied by the end of June is unlikely to make it.

Morgan Stanley Advisor Wins Right to Keep 1MDB-Linked Condo

The Walker Tower board said that its bylaws gave it the right to first refusal to any condo sale in the building and also claims that the sale was made at a deep 64 percent discount.

EY partners look forward to IPO-Reibach

The mixing of company consulting and auditing at the big four in the industry has long been under fire because of the possible conflicts of interest.

Carey Olsen named as a finalist in the 2022 eprivateclient Excellence Awards

Carey Olsen has previously enjoyed success at the awards, having won the Offshore Law Firm (multi-jurisdiction) category at the inaugural eprivateclient Excellence Awards in 2021.

Another HSBC Manager Pulled into Cum-Ex Vortex

Von Schmettow headed the Duesseldorf-based bank, which formerly traded as HSBC Trinkaus & Burkhardt, from 2015 to 2021.

Another asset manager takes the license hurdle

As the independent asset manager based in Zurich announced, he obtained the license with legal support and in a very short time; the company is now monitored by the supervisory organization Fincontrol Suisse.

Swiss prosecutor identifies millions laundered via Credit Suisse - report

Credit Suisse always maintained Lescaudron worked alone.

Dentons wins two awards at the Bonds, Loans & Sukuk Middle East Awards 2022

These awards recognise the most innovative and ground-breaking deals from Sovereign, Corporate and Financial Institution issuers and borrowers.

SEC investigating Goldman Sachs AM over ESG claims

The agency is examining ESG funds within the bank's asset management arm as part of a civil investigation

Neuchâtel WM obtains Finma licence

Firms which manage assets on a commercial basis in the name and on behalf of occupational pension schemes must be authorised by the regulator, according to FinIA, which came into force on 1 January 2020.

Raising rates, calming markets – testing times for the ECB

That makes a shallower hiking cycle in Europe more likely, with rates peaking at 1.25% in the first quarter of 2023.

PIMFA welcomes Financial Conduct Authority ban on Claims Management ‘phoenxing’

PIMFA has long argued that this practice should be stamped out.

Swiss cantonal bank BLKB turns to NetGuardians to fight payment fraud

BLKB has 850 employees, 25 branches and total assets of over CHF 32 billion ($32.8 billion).

Six Carey Olsen partners enjoy Best Lawyers recognition

The 11th edition of The Best Lawyers in the United Kingdom saw 6,000 lawyers recognised across 84 practice areas.

Job cuts in the cards at Credit Suisse following third profit warning of the year

The bank warned on Wednesday it expects a loss at the group-wide level and at its investment bank in the second quarter.

Stifel to bolster European footprint with acquisition of ACXIT

It also maintains a presence in additional key verticals such as industrials, real estate, and consumer and retail.

Deutsche Bank wants to get the cash under control

Since handling cash in branches causes costs, it should only be available in a few large centers and at ATMs.

Legal,Regulation,Tax & Compliance