02/27/2015
France Will Hand Over HSBC Tax Data to Austria Within Days
France will soon hand over to Austria tax data linked to leaked client data of lender HSBC Holdings Plc which has admitted failings in compliance at its Swiss private bank
Wealth and Asset Management
02/26/2015
Dubai financial zone adjusting regulation to boost wealth managers
Dubai is adjusting regulation of investment firms that handle the money of wealthy people in its financial free zone
02/26/2015
HSBC CEO Says Swiss Tax Saga Was Product of a Different Era
HSBC Holdings Plc Chief Executive Officer Stuart Gulliver told U.K. lawmakers the scandal over the role the company’s Swiss private banking unit played in helping clients dodge taxes was the product of a different era
02/26/2015
Royal Bank of Canada Bahamas unit faulted in probe of tax fraud, money laundering
Royal Bank of Canada, Canada’s second-largest lender, said French prosecutors are recommending a Bahamas wealth-management unit be punished in a probe of tax fraud and money laundering.
02/26/2015
Top Investor Trends to Watch in 2015
The country's wealthier investors are more optimistic than ever before.
02/26/2015
HSBC bosses reject calls to quit after 'terrible list' of problems
HSBC bosses rejected calls from British lawmakers for them to quit over the bank's Swiss tax scandal
02/26/2015
Too Big to Pay Its Fair Share of Taxes?
Goldman Sachs’s latest financial report shows that the company avoided paying federal income taxes on almost half its United States profits in 2014
02/26/2015
Morgan Stanley wealth advisers pay awkward tribute to ‘Hunger Games’
Morgan Stanley’s army of wealth managers sure have a lot of free time on their hands. So much so that executives there have apparently crafted a video spoofing The Hunger Games movie.
02/26/2015
Secrets to Managing Multiple Offices
With the growth of the RIA channel and active M&A environment, many firms are branching out and opening new offices
02/26/2015
Swiss Banks Try to Keep Italian Clients After Tax Deal Is Signed
Swiss asset managers, faced with the prospect of an exodus of Italian funds, have won a reprieve.
02/26/2015
Elite Swiss Private Bankers Still Earning Millions, EFG CEO Says
Some bankers face an uncertain employment future as their firms struggle to withstand pressure on profits after years of low interest rates, an international crackdown on tax evasion and the sudden appreciation of the country's currency in January.
02/26/2015
Wharton Executive Education Partners with Institute for Private Investors on New Program for Financial Advisors
Private Wealth Management Professional Track will be held for the first time on October 18-21, 2015 at Wharton’s Philadelphia campus, and is led by some of Wharton’s most esteemed finance faculty and IPI founder Charlotte Beyer.
02/26/2015
Swiss-based global private banking group to expand business in Bermuda
The Swiss-based global private banking group operates from 30 locations worldwide, including the Bahamas and Cayman, and has around 2000 employees.
02/25/2015
Tegris Meets LionTree in Boutique Merger
First comes the boutique investment bank, then comes the boutique bank merger.
02/25/2015
JP Morgan acknowledged that it can't afford to screw up anymore
JPMorgan has acknowledged that it simply can't afford to screw up anymore.
02/25/2015
From high court to high life: How Vestra grew to £4.6bn
Vestra Wealth’s founding partner David Scott became a Wealth Manager cover star a year after what he admits was a ‘difficult birth’ for the then fledging company.
02/25/2015
EFG International reports full year 2014 results
Underlying net profit attributable to ordinary shareholders was CHF 130.7 million, up 18% from CHF 111.2 million a year earlier
02/25/2015
Swiss bank EFG flags far lower penalty to settle U.S. tax probe
Swiss private bank EFG International said on Wednesday it expects a far lower than expected U.S. fine after coming clean on helping wealthy Americans evade taxes, indicating it is close to ending the long-running investigation.
02/25/2015
Old Mutual completes Quilter Cheviot buy
Old Mutual Wealth has been completed its buy of Quilter Cheviot after the receiving the green light from the regulator
02/24/2015
Swiss, Italy Settle Tax Dispute as Ministers Sign Agreement
Swiss Finance Minister Eveline Widmer-Schlumpf and her Italian counterpart Pier Carlo Padoan agreed to resolve the two countries’ long-running dispute over undeclared funds in Swiss banks.