12/30/2012
UK's top bankers earned £1m each in 2011
Major banking employers required to release information in wake of financial crisis
Wealth and Asset Management
12/30/2012
French high flyers say bonjour to UK
Boris Johnson exhorted the French to “venez a Londres, mes amis”. It seems his words are being heeded.
12/30/2012
Pictet & Rothschild Group to acquire Duff & Phelps
Duff & Phelps has announced that it has entered into a definitive merger agreement under which a consortium comprising controlled affiliates of or funds managed by The Carlyle Group, Stone Point Capital, Pictet & Cie and Edmond de Rothschild Group
12/27/2012
Affluent investor nvestments more cautious - RESEARCH
More Millionaires said in December that they planned to “Not Invest,” which gained 6.3 points to 32.7, a six-month high.
12/27/2012
Room for Growth in Wealth Management Products
Mr. Wang said while banks are expected to meet rising demand for wealth management products, regulatory supervision is necessary.
12/26/2012
Challenges for wealth managers in Asia-Pac
Singapore will be at the centre of this struggle
12/26/2012
Defaulting China’s wealth management products spark a run on market
Angry investors protested outside the branch for a week
12/26/2012
Raymond James InVests in a $3B Asset Manager
Eagle completed the buyout of minority shareholders in ClariVest
12/26/2012
Crispin Odey suffers £6m pay cut
The decline followed a tumultuous 2011, which Mr Odey has described as a “pretty horrible year”
12/26/2012
Wealthy Americans Identify Top National Priorities - RESEARCH
Study Also Finds Planning for Tax Changes Related to Net Worth
12/23/2012
Deduction Uncertainty Fuels Giving by the Wealthy
They think rates will rise next year, but the charitable deduction will be fully available.
12/23/2012
Bank of America CEO blocks pay cut for Merrill brokers
He personally blocked a cost-cutting proposal that would have cut the main component of most brokers’ pay for 2013, Bloomberg reports.
12/23/2012
High-net-worth individuals 'want better banking'
A large number of high-net-worth (HNW) individuals in China are not satisfied with private banking services and look forward to tailor-made, innovative offerings, a survey that polled some 700 individuals across 29 cities in China revealed.
12/23/2012
French Bank Showed Parody Hitler Video To Motivate Top Employees
We won't fault BNP much. They're frequently fairly funny, though some employees were reportedly offended.
12/23/2012
Wealthy Asia investors may cool to corporate bonds as deals sour
Asia's wealthiest investors may lose some of their appetite for corporate bonds after getting burned in recent deals, analysts and bankers say, sowing caution in a market where issuance hit a record this year and hiking funding costs for riskier borr
12/22/2012
How Will Millionaires Invest in 2013?
Millionaires will be tweaking their investment portfolios in the coming year
12/22/2012
Lotto winners want compensation from Coutts after 'wrong advice'
The unidentified couple from Devon who won the lottery in 2001, are now hoping to win a substantial amount of compensation from Coutts.
12/22/2012
Wealth of bank jobs
The hiring focus now is on the back-office compliance staff to rein in the risk takers
12/22/2012
World’s richest add $15b to their wealth
The week's biggest gainer was Oracle founder Larry Ellison
12/20/2012
China Wealth Growth Shifts Inland, Boston Consulting Study Finds
China is seeking to expand the economies of the western region faster than the country’s average in the five years through 2015, using policy incentives and investing in projects ranging from high-speed rail to eco-tourism.