08/15/2012
NAB Wealth claims improvements, despite lower FUM
Overall, the NAB statement noted that, on a statutory basis, unaudited net profit attributable to the owners of the company for the June quarter was approximately $1.2bn.
Wealth and Asset Management
08/15/2012
Wealth boutiques merge ahead of RDR
James Hambro & Partners is merging with another wealth management boutique, ahead of changes due in January as part of the UK's Retail Distribution Review.
08/15/2012
EuroMillions Win - Coutts
With EuroMillions in the spotlight following the announcement of the latest jackpot winners, speculation grows as to what the winning couple will do with their windfall.
08/15/2012
When your client wants to get rich from a Warhol
A decade ago, the questions Annelien Bruins got from clients who wanted help building art collections were about how to find pieces they'd love.
08/15/2012
When a rugby scrum meets a financial scrum
Included in the squad will be Harlequins and England captain Chris Robshaw and fellow internationals Mike Brown, Ugo Monye, George Robson and Nick Easter.
08/15/2012
St.Galler Kantonalbank is doing well in the current year
In a continued challenging economic environment, St.Galler Kantonalbank achieved a good half year result. This was primarily due to the net interest income and lower operating expenses.
08/15/2012
The UK's Wealthy are Currently Experiencing Very Different Fortunes - RESEARCH
New data on the wealthy population in the UK produced by Ledbury Research reveals just how volatile the fortunes of the wealthy are in the country.
08/14/2012
Swiss bank BCGE cashes in on trade finance demand
Banque Cantonale de Geneve (BCGE) is seeing strong demand for commodity trade finance as trading houses become more desperate for funding following the retrenchment of traditional lenders, its Chief Executive Blaise Goetschin said on Tuesday.
08/14/2012
Asia’s wealthy to bankers: You’re fired
That’s the message from Bloomberg, which has spotted a trend in private banking in the region that has led to a weakening of the already limited grip global banks including Credit Suisse and Citigroup have on the Asia’s private wealth.
08/14/2012
Ten Trends Influencing Wealth Management and Private Banking in Asia- Research
The solution suite also helps financial institutions improve staff productivity through better workflow management and helps improve cost control and operational efficiency for better profitability management.
08/14/2012
Acta Holding to acquire Swedish wealth management company
Hagberg & Partners has since 1994 worked with creating value for its clients through qualified financial advisory. Satisfied and assured clients are what is the most prominent in the company's philosophy.
08/13/2012
The case for a British investment bank
No wonder small businesses can't get credit when the UK is the only G8 member not to have a body dealing with such finance
08/13/2012
Buffett’s Other Bank Stock: How U.S. Bancorp Outperforms Wells Fargo and the Industry
Management reiterated in its second quarter conference call that those ratios are at the low end of long-term targets of 1.6%-1.9% on return on assets and 16%-19% for return on equity.
08/13/2012
GCC sees surge in Islamic lending
The strong appetite from investors, who are increasingly demanding Shariah-compliant products, is what is driving the growth of the sukuk market in the region, where Islamic funds as a percentage of total assets under management have been on an upward gro
08/13/2012
IFAs pick up clients discarded by private banks
Private banks have begun to cull less profitable clients, with the biggest squeeze on clients with assets of less than £500,000, according to the paper.
08/13/2012
Van Lanschot: investment and cost reduction programme on track
Assets under management up 2%
08/13/2012
GAM First-Half Profit Rebounds After Lower Charge on Artio Stake
Net new money inflows at Group level were CHF 0.9 billionfor the first six months of 2012, up from the CHF 0.6 billion reported in the first half of 2011 and a significant improvement on the net outflows
08/13/2012
Credit Suisse opens new private banking office in Japan
Credit Suisse announced today the opening of its new office in Osaka, adding to its existing Tokyo and Nagoya offices.
08/13/2012
Credit Suisse opens new office in Osaka
The Osaka office is located at Hilton Plaza West Tower 16F, 2-2-2 Umeda, Kita-ku and houses Credit Suisse’s employees dedicated to serving its Private Banking clients in Osaka and the Kansai region.
08/12/2012
German money not being sent to Singapore
Recent reports of such tax-dodging schemes have sparked a renewed outcry in Germany against a planned treaty between Switzerland and Germany designed to help Germany recoup some taxes from money held in Swiss accounts.