08/25/2019
Deutsche Bank and UBS Explored European Banking Alliance
Deal talks in June never coalesced but show how far European lenders are willing to go to address a punishing banking environment
Wealth and Asset Management
08/23/2019
Hanging on to HNW assets
A large proportion of wealth managers regard intergenerational wealth transfer as an opportunity to win clients
08/23/2019
Wealth in France: HNW Investors 2019
The female HNW demographic makes up over 10% of the total HNW population, so dedicated services for this segment will be profitable.
08/23/2019
Many Swiss private banks facing ‘extinction’
The death of banking secrecy five years ago saw an end to the practice of sheltering billions in undeclared offshore assets in Swiss bank vaults.
08/23/2019
The end of the ‘great banking adventure into wealth management’
This was the case with a recently-announced strategy by AMP, dubbed by independent group Synchron as a “return to dark ages”, which aimed to see “fewer but more productive advisers”.
08/23/2019
Boutique asset and wealth manager snaps up former EFG Singapore chief
A seasoned wealth management professional, Kong has more than 38 years of experience with several international banks in both the corporate banking and private banking divisions.
08/23/2019
Lombard Bank Malta - half-yearly results for 2019
Customer deposits increased by 2% while the resultant Group Net Interest Income for H1 2019 was up by 14% from €9.0m to €10.2m.
08/23/2019
Does Switzerland Need Just 20 Private Banks?
Wealth managers aren't managing to trim the fat accumulated during the bull years: they are losing market share as less money flows into Switzerland.
08/23/2019
Zuercher Kantonalbank: Dwindling Revenues
Net commission and fee income was 387 million, down 3 percent year-on-year, primarily due to lower income in the securities and investment business.
08/23/2019
HSBC Singapore unveils new Jade Centre at Jewel
This is the second HSBC Jade Centre in Singapore.
08/22/2019
Raiffeisen Half-Year Profit Drops on Revamp
And yet, revenues declined even disregarding the private-banking division’s business, while costs increased slightly.
08/22/2019
UBS: the Last Bank to Sponsor Formula 1
The sport remains banned in Switzerland due the risks that are associated with it, but still attracts billions of viewers across the globe.
08/22/2019
Wealth-X Announces Strategic Expansion to Global Dataset
This new dataset includes records on both very high net worth (VHNW) individuals, those with a net worth of between $5 and $30 million, and ultra high net worth (UHNW) individuals, those with a net worth of at least $30 million.
08/22/2019
LGT reports positive net asset inflows
LGT's total operating income increased 2% to CHF 848.2 million in the first half of 2019. Income from services decreased 1% and totaled CHF 536.1 million.
08/22/2019
C Hoare posts 25% profit growth, despite impairments rising
The UK’s oldest private bank posted pre-tax profit of £32.5 million, up from £25.9 million year-on-year, for the 12 months to the end of March.
08/21/2019
Growth Markets: Why China Matters
Long a bellwether for emerging markets, what happens in China is now crucial to the wider world.
08/21/2019
Will KBL Write Private Banking's Next Chapter?
The meager sum is hardly enough to jumpstart KBL's fortunes in Switzerland, home of many of the world's richest and still the largest money haven in the world.
08/21/2019
The net worth it takes at every age to be richer than most people
The typical American family had a net worth of $US97,290 ($143,575) in 2016.
08/21/2019
Gibraltar-based firm eyes expansion after WM acquisition
It is ‘looking at obtaining licences’ to bolster its operations
08/21/2019
7IM banks big tax windfall as costs climb on scalable challenge
Costs at Seven Investment Management rose 15% last year, almost four times the rate of revenue as it invested in its back office systems to ‘ensure they are scalable’.