10/16/2013
EU Commissioner Defends Cap on Bank Bonuses in Face of British Challenge
The EU's financial services chief has defended the right to cap City bankers' lavish bonuses in the face of a legal challenge from Britain over new pay rules.
Wealth and Asset Management
10/16/2013
Swiss Private Bank To Close Over IRS Investigation
The bank is one of 14 under investigation for allegedly helping Americans evade taxes.
10/16/2013
Raymond James Snags $1B Team
Raymond James recently recruited the firm Provenance Wealth Advisors consisting of 10 advisors and 14 registered associates
10/15/2013
High hopes for private banking in Japan
Wealth managers eyeing opportunities in Japan could have done without last week’s dressing-down of Tokyo-based Abraham Private Bank.
10/15/2013
Salamanca Group Acquires Investec Trust
The business will be run as a stand-alone division, and will be re-branded Salamanca Group Trust Services.
10/15/2013
Wealth manager places Woodford's mandates under review
Wealth management firm is reviewing two mandates managed by Neil Woodford after yesterday's shock departure announcement.
10/15/2013
How are wealth managers stress-testing for a US default?
This means plotting such a scenario in the current globalised world is nigh on impossible, albeit it is clear the impact would be colossal.
10/15/2013
More than half UK's wealth untapped by wealth managers
Wealth managers in the UK are missing out on the opportunity to manage more than £2 trillion, as they focus only on the very richest and ignore the individually less rich – who actually control more than half of the nation’s liquid wealt
10/15/2013
Northern Trust 3Q profit climbs, fee income jumps
Wealth management firm Northern Trust said Wednesday that its third-quarter net income climbed 16 percent as it made more money from fees and benefited from a gain on an office building sale.
10/15/2013
Client Asset Flows Up at BofA as Advisor Ranks Thin
Bank of America’s global wealth & investment management unit on Wednesday reported record-setting quarter in assets under management and fees earned, even as advisor headcount and productivity dipped.
10/15/2013
StanChart’s Private Bank Assets Stagnate in Wealthier Asian Hunt
Standard Chartered Plc Asian private-bank asset growth has stagnated this year as the lender focused on wealthier clients and investment returns were curtailed by volatility in regional financial markets.
10/15/2013
Geneva Banks Enjoy Rebound, But Problems Loom -Survey
Geneva's big banks are enjoying a much better year than they did in 2012 but the general improvement hides continued problems and some banks are expecting a worse 2014
10/15/2013
Asia Wealth CEO and chairman resign
The board plans to appoint a new non-executive chairman in due course.
10/15/2013
The 6th BNP Paribas Individual Philanthropy Awards Honours Indian and American Entrepreneurs
BNP Paribas is delighted to announce the winners of the 2013 Individual Philanthropy Awards
10/15/2013
Geneva’s Biggest Banks Forecast Increased Net Income This Year
Full-year net income will advance by as much as 14 percent, according to seven out of 10 of banks with at least 200 employees
10/15/2013
Separating facts from myth in asset management
As a result of the crisis, many asset managers have already trimmed the fat, so the costs of implementing regulations are not expected to come from leaner business models.
10/14/2013
Five Ways Robo-advisors Will Change the Way Advisors Work
Advisor Perspectives welcomes guest contributions.
10/14/2013
Hargreaves Lansdown achieves record AuA
Hargreaves Lansdown achieved record assets under administration (AuA) in the first quarter of fiscal year 2014.
10/14/2013
UBS clinches back top spot from Citi Private Bank
Total AUM in Asia Pacific has increased by 16% to a record USD1,173bn in 2012, with bumper asset gains by the top three banks in the region.
10/14/2013
Chinese WMPs to be Unwound Under New Scheme
The Chinese banking regulator has proposed a scheme whereby banks will offer 'asset management plans' instead of wealth management products, which have sparked concerns.