07/24/2012
UK to crackdown on tax dodging Gulf-based landlords
The UK is clamping down on Gulf landlords who have bought properties in Britain and have not declared the rental income earned on them to tax officials, a London-based international tax advisor told Arabian Business.
07/24/2012
All of these have brought technology centre stage in managing financial institutions.
07/23/2012
Bank of China abandons Swiss dream
Under the terms of the agreement, BOC will refer clients with international private banking needs outside Chinese Mainland to the Swiss bank
07/23/2012
The report, titled The Price of Offshore Revisited, was prepared by a non-profit watchdog group, the Tax Justice Network (TJN).
07/23/2012
Already since the end of the 1990s, we have seen two phases in Asia’s economic renaissance.
07/23/2012
Twenty percent of the 1,020 households surveyed said they bought individual domestic equities in the 12 months ended in March, the Boston-based mutual fund firm said.
07/23/2012
With the region in its third year of crisis, firms have been stymied by the lack of bank loans needed to make buyouts profitable for their investors and an unwillingness on the part of sellers to accept lower-than-expected prices.
07/23/2012
The changes announced by EFG Group today should, once and for all, remove any misconceptions relating to EFG International and its exposure to risks arising from the Greek Sovereign Debt crisis.
07/23/2012
As part of this effort, in order to maximize operational efficiency, service for private-banking clients in Asia will be provided through Bank Hapoalim Switzerland branches in Zurich, Geneva, and Luxembourg and through the subsidiary in Hong Kong.
07/23/2012
“Against a turbulent market and economic background, Man’s funds under management have declined in the period principally as a result of continued net outflows and the deleveraging of our guaranteed products
07/23/2012
When one sees stories about banks in Hungary, they tend to be tales of woe, both for the banks and the people they (used to) lend to. Not so much for private banking, a line of services that caters to the very top tier of the consumer market, i.e. rich pe
07/23/2012
The poll, completed by 100 participants at SEI's annual Connections Conference, revealed that regulatory changes pose the single largest challenge for 58 percent of survey respondents.
07/22/2012
The study estimating the extent of global private financial wealth held in offshore accounts - excluding non-financial assets such as real estate, gold, yachts and racehorses - puts the sum at between $21 and $32 trillion.
07/22/2012
Another Swiss bank to drop US clients amid tax row
Coop, another retail bank, announced it had stopped doing business with its US clients.
07/22/2012
This year’s study found that 86 percent of millionaires are self-made and that their path to wealth, financial outlook and goals greatly impact their investment behaviors. In addition, millionaires’ outlook on the future financial environment
07/22/2012
Assets under management (AuM) grew to CHF 179 billion, an increase of 5% since the end of 2011
07/22/2012
Since 2008, the financial sector has undergone significant upheaval. It has witnessed the demise of major market participants and experienced intense regulatory scrutiny and change.
07/22/2012
Advisers who are concerned that it is impossible to compare discretionary fund managers’ model portfolios could be about to get a solution, as a wealth manager gears up to launch a performance comparison service.
07/22/2012
Aberdeen Asset Management, the UK fund manager, reported a slowdown in new client inflows in its third quarter as global economic uncertainties dampened demand for its fund products.
07/22/2012
Mirabaud Asset Management has recruited three investment analysts in London to support Daniel Tubbs to manage a long-only UCITS investment fund, which will focus on emerging market equities.