Managers of Wealth

HNWIs across Europe say eurozone will survive: J P Morgan study

The survey also asked for their outlook on the best performing sector of 2012.

Forcing the Rich to Bail Out Europe

The idea, first floated by a German economic policy group, calls for imposing a 10 percent tax on the wealth of the richest Europeans and forcing them to lend money to their governments.

Islamic Financial Services on Rise, but Private Banks Lag

But private banks have lagged, offering relatively little in terms of wealth management for Islamic customers, who want products and services that respect Islamic laws prohibiting trading in debt and collecting interest, among other rules.

Big bonuses seen leading to current Wall Street scandals

Hodgson told CNBC his research shows the incentive structure on Wall Street, in which bonuses are paid based on short-term profits, was one of the prime factors that caused the financial crisis in 2008 and 2009.

Goldman's golden egg turns leaden; bank plans cuts

In an environment the investment bank characterized as "tough," Goldman said it was embarking on a new round of cost-cutting, which will include laying off some senior employees.

Banks plan Shariah assets for Asian millionaires

Malaysia’s CIMB will market more instruments in the fourth quarter for clients with a minimum of 1 million ringgit (Dh1.15 million), Badlisyah Abdul Gani, chief executive officer of CIMB Islamic Bank Bhd., said.

National IFA acquires Barker Poland corporate arm

Barker underwent a restructure in December 2009 in a move which saw its private client wealth management business transferred to newly created Barker Poland Asset Management.

Barclays bankers party with strippers and massage girls

Despite Libor-mania, rogue trading and mis-selling scandals, our pin-stripped - sorry, striped - friends partied until 6am at the Square Mile’s 7th summer party at McQueen’s in Shoreditch.

Discrete Monaco family offices display substantial demand for hedge funds and alternative investments

About 34 banks operate in Monaco, a significant number by any measure for a country of 38,000 people – however, consolidation may be on the horizon.

Credit Suisse Q2 Pre-tax Profit Down

Private Banking with 2Q12 net revenues of CHF 2,704 million and pre-tax income of CHF 775 million

The health of the global private banking industry - Research

Scorpio Partnership’s annual Private Banking Benchmark of the global wealth management industry released today shows international providers weathered the storms of 2011 more successfully than smaller players.

RBS Private Banking launches new bespoke Credit Solutions product in India

RBS Private Banking India, the Indian private banking arm of the Royal Bank of Scotland Group, has launched a new bespoke Credit Solutions offering.

Investment Quorum is Private Client Practitioner 'Top 25 IFA' for third year in a row

Quorum has been assessed by leading wealth management data and analysis group ‘PAM Insight’ as one of Private Client Practitioner’s ‘Top 25 IFA Companies 2012’.

France Won’t Make Payroll Tax Retroactive to Jan. 1, Echos Says

Only overtime hours from Aug. 1 will be affected, the newspaper said.

Goldman Sachs to build up private banking arm

Shift Into Lower-Margin Lending Reflects Harsh Climate Facing Wall Street

UBS rolls over unique Australia banker bonus deal

Bonuses often make up the majority of pay for senior investment bankers, with managing directors at most major Western banks usually in line to make around $1 million or more a year.

JPMorgan Cuts Investment Banking Compensation

Bloomberg reports that the unit set aside $4.91bn for pay in the first six months of the year, enough to compensate each of the 26,553 employees an average of $184,989 for the period, according to figures posted on the firm's website.

Banks plan Shariah assets for Asian millionaires

Standard Chartered, Malaysia’s CIMB tap prospects for Islamic private banking

German state buys Swiss data to track tax frauds

It can be assumed that these customers avoided paying large amounts of tax, the paper said.

Wealth management advisers counsel clients on remaining calm

A good deal of their job is managing emotions.

Wealth and Asset Management