08/19/2019

Falcon: «Fragile Private Banking» for Sale

His goal is to bring on new teams and money to return to profitability; last year, Falcon's losses deepened to 32 million Swiss francs, from 28 million francs the prior year (when owner Adu Dhabi had to pump money in).

08/19/2019

Netwealth FUA, adviser numbers rise

"This review identified matters involving client rectification costs and legal expenses of $1.1 million. Our commitment has always been that when we make errors, we rectify them," Tong said.

08/18/2019

Two leading wealth managers in merger talks

A merger would propel them into the top five British wealth managers by assets, and would broaden its offering to include tax advice and other financial-planning services provided by S&W through its accountancy arm.

08/16/2019

UBS' Pesky «Pig» Problem

The situation remains fraught, two months after the original incident, which saw Donovan apologize – but not fast enough for UBS to lose a key Chinese deal.

08/16/2019

Pictet «Flexes» for Staff

The move translates to a revolution for the hidebound Genevan private bank, which has maintained a distinctly more Calvinistic work ethic in the first 200 years of its existence.