01/09/2014
Credit Suisse Group AG is betting it can turn around its unprofitable U.S. private wealth business with new loan products and a focus on the ultra-rich, a strategy greeted with skepticism by some securities analysts and former officials at the bank.
01/08/2014
Credit Suisse steps up efforts to offload risky investment bank assets
Credit Suisse is stepping up efforts to scale back riskier fixed income areas squeezed by strict new regulation, it said on Tuesday.
01/08/2014
Over 70% of people in China use wealth as the main gauge of success, double the world average
01/08/2014
Zimbabweans are among the poorest people in Africa, with the country’s controversial indigenisation laws expected to further erode their wealth
01/08/2014
Standard Chartered have announced the appointment of John Lee as Executive Director for West Africa in its Private Bank.
01/08/2014
He will be based in London and is responsible for all business development activity via intermediaries, to include lawyers, accountants, IFAs, consulting firms and mortgage brokers.
01/07/2014
Launched in December 2013, the JB China Evolution fund is Luxembourg-domiciled Sicav and will have 30-50 holdings that will benefit from Chinese economic reforms.
01/07/2014
The SNB said preliminary calculations indicated it made roughly CHF3 billion on foreign currency positions and another CHF3 billion profit from the sale of a fund that had held troubled assets of UBS AG.
01/07/2014
In the Autumn Statement, the government announced it would press ahead with a review of the taxation of partnership structures where corporate entities are set up to act as additional partners, and are generally taxed at lower rates than individuals.
01/07/2014
Wealth-X announced today that it has been selected as a provider of global ultra high net worth (UHNW) intelligence for Savills’ high-end real estate business.
01/07/2014
Guernsey trust, funds and corporate services makes another acquisition
This is the fourth acquisition for the Group since its management buyout in July 2012 and major rebrand in early 2013.
01/07/2014
HSBC plans to give staff shares to avoid Brussels' new cap on bankers' bonuses
01/07/2014
RBC Dominion Securities, the retail brokerage arm of the Royal Bank of Canada, has emerged as the winner of the first major broker transfer of 2014.
01/06/2014
Commerzbank sees opportunity to expand wealth management business
Commerzbank's wealth management business has about 70,000 customers
01/06/2014
Asia’s new wealth is illiquid and no great source of profit; Consolidation inevitable among private banks
01/06/2014
The 202-year-old investment bank has set up a partnership for 48 of its most senior bankers as the final step of a drawn-out process to unite its French and British branches
01/06/2014
Asset managers should be adopting a simple New Year’s resolution for 2014. Speak up.
01/06/2014
Swiss wealth management boutique Falcon Private Bank announced today that it has reached an agreement to introduce its clients and certain employees of its Hong Kong branch to EFG Bank, the Asia business of the international private banking group EFG Inte
01/06/2014
The LLB Group has terminated Liechtensteinische Landesbank (Switzerland) Ltd.'s banking activities effective as of the end of 2013, as announced in March 2013.
01/06/2014
The development is managed by Brookfield Office Properties and Oxford Properties in partnership with the City of London Corporation, which owns the freehold. The development is scheduled to be completed by late 2016.