05/16/2012

No JPMorgan, UBS Heads To $15 On Wealth Management Strength

This is a great sign for UBS as wealth management is a much more predictable business compared to the highly volatile sales & trading business which has contributed to earnings improvements for almost all its competitors including Barclays and Credit

05/16/2012

Deloittes gear up for the Olympics

A team of employees from Deloitte are gearing up for the Olympics by taking to their saddles and tackling the official Olympic cycle route before the London 2012 athletes.

05/15/2012

Aussies say no thanks to private bankers

Although the survey covered more than 600 high net worth individuals in Australia, that single anecdote told a lot about the imperfect customer acquisition.

05/15/2012

Julius Baer reports 4% increase in AUM

The increase in AuM was driven by continued solid net new money and a positive market performance, which together outweighed the negative currency impact.

05/15/2012

LPL Nabs $560M Team

LPL Financial announced that it has lured The Botsford Group, a regional advisory firm, to its wealth management platform, the company announced.

05/14/2012

RBS: The bank that's selling charity

Royal Bank of Scotland is targeting India's young super-rich with a range of products designed to help make giving to the needy easier and more efficient.

05/14/2012

Australian unions call for Buffett-style rich tax

Mr Lyons said the ACTU policy would be similar to top-end tax changes debated recently in the United States requiring those earning more than US$1 million per year to pay at least 30 percent in taxes.

05/14/2012

Bankers fight new EU cap on bonuses

Brussels sources indicated that there is a high probability that the resolution will be passed, which would then need to be ratified by the European Commission before becoming law.

05/14/2012

Shanghai's wealthiest residents revealed

Of the super-rich individuals in Shanghai, 75 per cent are business owners. Real-estate investors account for 15 per cent. And finally, professional investors account for 10 per cent of super-rich individuals in Shanghai.