02/24/2014
Wealth management and capital markets expected to drive Canadian bank profits
Canada's big banks are facing a tougher market for retail banking as the housing market slows and consumers look to reduce debt.
02/24/2014
HSBC to announce bonuses totaling $4 billion
HSBC will announce staff bonuses totaling just under 2.4 billion pounds globally for 2013 and is expected to report a significant rise in pretax profit,
02/24/2014
Running up against the limits of a recruitment strategy based on swiping advisor talent from their competitors, leading wealth management firms are trying a new ploy: Growing their own.
02/24/2014
HSBC has reported a 9% rise in profit for last year, boosted by cost cuts as it restructured the business.
02/24/2014
Britain's biggest bank, HSBC, has risked inflaming the row over City pay by saying it is to award more than a thousand of its top staff allowances to avoid the EU bonus cap.
02/24/2014
Here’s a sign of the times: Asia is getting rich so fast that private banks cannot add staff quickly enough to keep up.
02/24/2014
BDO Unibank Inc., the Philippines' largest bank by assets, said Monday it has signed a deal to acquire Deutsche Bank AG's Philippine trust business.
02/24/2014
Walker Crips is launching a new brand, Walker Cambria, to offer services designed specifically for the Welsh market.
02/24/2014
National Bank of Canada, the country's sixth-largest lender, said on Monday its first-quarter profit rose 9 percent, driven by stronger wealth management and financial markets income.
02/24/2014
HSBC Holdings Plc, Europe’s largest lender, said full-year earnings at its private bank dropped 81 percent as customers pulled money from its Swiss cross-border business and the firm made provisions for regulatory probes.
02/21/2014
Legal & General has set up a small team focused on providing tax solutions to high-net worth clients of discretionary fund managers and the advisers who use them.
02/21/2014
The combined company will be well-positioned in two of the largest and fastest growing wealth management markets in Western Europe; the UK and Germany.
02/21/2014
The bank, which is being readied for an eventual initial public offering, said 2013 marked the bottom of the economic cycle and that it sees signs of a recovery.
02/21/2014
The average annual management charge (AMC) for WealthSelect funds is 0.52%. The cheapest deal Skandia has negotiated is at 0.35% and the highest is at 0.70%.
02/21/2014
Citigroup Inc Chief Executive Michael Corbat received a 23 per cent pay rise in 2013, his first full year after replacing Vikram Pandit at the helm, a regulatory filing on Thursday showed.
02/20/2014
It seems like private banking never gets any respect...
What It's Like Running Money For Some Of The Richest Families In The World
02/20/2014
Australia’s biggest life insurer AMP has reported a 2 per cent fall in net profit to $672 million for the year to December, as earnings were hammered by worsening claims and customers cancelling their cover.
02/20/2014
Andy Pomfret, chief executive, Philip Howell, deputy chief executive and Paul Stockton, finance director, discuss Rathbone Brothers Plc's results to 31 December 2013
02/20/2014
National Australia Bank Private Wealth, for the second year in a row, has been named the best private bank in Australia at the Asian Private Banker Awards for Distinction.
02/20/2014
7IM to expand its active allocated passive range by changing the strategy on the CF 7IM Income fund.