07/29/2012
HSBC Holdings, Europe's largest bank, said first-half profit rose 10 per cent, lifted by gains on asset sales. Pretax profit rose to $US12.7 billion from $US11.5 billion a year earlier, the London-based bank said in a statement today.
07/29/2012
The results beat analysts' expectations and allayed fears that the cooling down of China's economy would dampen luxury sales. Company bosses even expressed confidence that year-end figures would show continued growth.
07/29/2012
The closing of the transaction is expected for 31 July 2012.
07/29/2012
But Peter Flavel, the bank's chief executive for Asia, is determined to expand that clientele, setting his sights on the segment just below the ultra-high net worth - that is, catering for account sizes of between US$10 million and US$30 million.
07/26/2012
There are an almost unlimited number of benefits to incorporating social media into your overall marketing/business development strategy.
07/26/2012
Central to this programme is the view that professional bodies such as STEP have a key role in working constructively with tax authorities around the world to develop guidelines as to what constitutes abusive tax avoidance.
07/26/2012
Although Investec has a strong private banking and wealth management franchise, the economies of some of its key markets such as Europe have been hit by the eurozone crisis.
07/26/2012
The acquisition increased the Wealth Management Division's assets under management by approximately $1.0 billion.
07/26/2012
Embattled banking giant Barclays today revealed a potential £450 million bill for mis-selling complex financial products to unwitting small businesses.
07/26/2012
Vontobel has reported renewed strong inflow of new money - doubling of pre-tax profit in Asset Management - international expansion of derivatives business
07/26/2012
Investment management firm blames “challenging” market conditions and “entrenched” economic uncertainty for fall in revenue.
07/26/2012
The group said it had a war chest of 600 million francs and was looking for deals as it reported better-than-expected results for the first half of 2012.
07/26/2012
Top 10 global custodian being rebranded RBC Investor Services
07/25/2012
Wealth management, an industry long accustomed to steady growth and healthy profits, is now facing significant headwinds — and opportunities.
07/25/2012
Pretax operating margins within the wealth management division increased 11.6% compared to 11.3% a year ago due to cost-cutting that “helped to offset the impact from low interest rates.”
07/25/2012
The move in Hong Kong reflects increased demand for gold in Asia even as the commodity struggles to sustain its rally into a 12th year.
07/25/2012
The investment-banking and wealth-management company had seen its profits decline in recent quarters as market volatility challenged its revenue growth.
07/25/2012
Funds under management of £30.9 billion up 8% since the start of the year
07/25/2012
Rathbone Brothers saw its assets under management grow by 5 per cent in the first half of the year, rising to £16.7bn.
07/25/2012
Germany's Oldest Private Bank Calls for Bank Separation
The danger and potential expense posed by an investment bank to a retail bank are just too great, the reformers argue.