01/20/2012
The Global Wealth Management Group reported $244 million in pre-tax income for the fourth quarter, down 37% from the $390 million the firm earned in the fourth quarter of 2010. At the same time, its pre-tax income of $1.3 billion for all of 2011 represent
01/20/2012
The new title will establish consistent firm branding and name recognition across all global platforms.
01/20/2012
Wealth managers’ margins are under pressure like never before, with increased demands from regulation, the rush to platforms and market gloom all eating into profits.
01/20/2012
Tough times are continuing at the Securities division of merchant banking group Close Brothers, but the Banking division continues to do well, with good growth in the loan book.
01/19/2012
Citigroup has a world of problems...
01/19/2012
The service is aimed at advisers who have clients seeking large loans but may be unable to secure them through mainstream lenders.
01/19/2012
The share sale, known as a rights issue, is being watched as a barometer of investors' willingness to recapitalize Europe's troubled banking sector.
01/19/2012
Kiwibank did not disclose the acquisition price, but said GMI has more than NZ$1.5 billion ($1.2 billion) under management from more than 57,000 customers.
01/19/2012
Fully 40% said that if their taxes were increased, they would change their investment strategy. One in four said they would reduce their charitable giving.
01/19/2012
Most recently, Bank of America CEO Brian Moynihan unceremoniously ousted Krawcheck in September, despite her strong performance successfully overseeing more than $2 trillion in client assets.
01/19/2012
He will be responsible for managing the trust company as it continues to grow.
01/19/2012
This year, 1st Global partner firms were inspired to discover their next act by world-class speakers. Michael E. Gerber, author of multiple E-Myth books, challenged everyone to start working ON their business not simply IN it. Diana Nyad spoke of her dete
01/19/2012
The survey shows that almost one in four millionaires (24%) donated between $25,000 and $999,000 in 2010, up from 12% in 2008. It also shows that 21% plan to increase their spending, while 46% plan no change and 22% intend to cut back.
01/19/2012
In a recent written interview with Xinhua, the co-founder of Microsoft Corp and co-chair of the Bill & Melinda Gates Foundation said he believes China will surprise the world in its embrace of philanthropy.
01/19/2012
Fifty-nine percent of millionaires agree they feel they have an obligation to give back to their community, according to a survey released Jan. 17 by PNC Wealth Management . The percentage remains the same as it was in 2008.
01/19/2012
St. James’s Place today issues its new business update for the twelve months ended 31 December 2011.
01/19/2012
Raymond James Financial now owns 100% of UK subsidiary Raymond James Investment Services (RJIS) following the acquisition of Killik & Co’s 25% stake in the UK private client wealth management business.
01/18/2012
Having fired more employees than in any other country last year, the capital’s banks are facing falling trading revenue, attacks from politicians to reduce pay and more job cuts.
01/18/2012
The Central Bank of Bahrain (CBB) said it has granted a representative office licence to the Swiss firm for operation in the Kingdom.
01/18/2012
Swiss private bank closes office due to 'challenging conditions'
The closure follows its sale of EFG's Danish unit to SEB Wealth Management for an undisclosed price earlier this year.