04/26/2018
Barclays posts loss after taking hit from PPI claims and settlement over US fraud case
Litigation and conduct charges included a £1.4bn settlement with the US justice departement and £400mln for payment protection insurance claims
Wealth and Asset Management
04/26/2018
Lego Wealth Fund Is Getting Out of the Tanker Business
“Kirk Kapital has decided to phase out the firm’s shipping activities,” Chief Executive Officer Kim Gulstad said in a statement. “We therefore need to find a good moment to sell the five product tankers.”
04/26/2018
Expert industry panel to spark debate at Guernsey Funds Forum
During the final session of the day, Jon Moulton and Dame Helena Morrissey will go on the record in a ‘fireside chat’ format.
04/26/2018
Vistra doubles international expansion services business with acquisition of US-market leader Radius
Following the acquisition, Vistra will have a global IES team of 1,300 employees and a support network of over 3,300 staff, operating in over 70 offices and 40 jurisdictions.
04/26/2018
Raymond James Q2 Earnings In Line, Revenues Up Y/Y
Results in the quarter were also helped by strong investment banking revenues and the effects of higher short-term interest rates.
04/26/2018
Winners of Private Banker International Germany Awards 2018 revealed
The winners were carefully selected by an independent judging panel and PBI Editorial team members.
04/25/2018
My time in South Africa – Investec’s Peter Izard
As many people are aware, there is considerable wealth in the country but also extreme poverty, the abundance of shanty towns is a stark reminder of this.
04/25/2018
Van Lanschot Kempen reports 'good start' to the year
The range of products available to Private Banking and Asset Management clients has been expanded further in recent months
04/25/2018
International Financial Centres – are they still relevant and viable today?
The dozen wealth professionals attending the roundtable discussion in Hong Kong’s China Club represented a variety of global private and investment banks, law firms and independent advisory firms.
04/25/2018
Credit Suisse delivers earnings beat after boost from wealth management unit
Switzerland's second-largest bank reported Wednesday 1.1 billion Swiss francs ($1.1 billion) in first-quarter pre-tax income, underpinned by strong growth in its wealth management-related businesses.
04/25/2018
VP Bank and LLB Implement Thomson Reuters Wealth Management Solution
The relationship managers in private banking at the two banks will gain access to the most up-to-date information from the relevant financial markets including various asset classes.
04/25/2018
UAE emerges as global wealth management hub
Tax efficiency and robust regulatory environment makes GCC state attractive to wealth managers
04/25/2018
Cramer Closes Bahamas Chapter
A long story comes to an end: Cramer wanted to get rid of its Bahamas branch in the summer of 2016 and planned to sell it to a group that included IXE Holding, IPG Securities and TR4 Holding.
04/25/2018
7IM hires Rathbones director to launch Jersey office
‘We continue to see strong demand in Jersey for our discretionary investment services and platform.
04/25/2018
Credit Suisse claims strong Asia-Pacific M&A pipeline after reporting record quarterly wealth management and advisory revenues
Helman Sitohang said while the bank recorded stronger fees from M&As during the quarter, which will continue for the “foreseeable future”
04/25/2018
Markets cheer Credit Suisse - but no lift for Lloyds
The healthy wealth result in Asia result comes amid a 16 percent rise in overall net profit, underpinned by Credit Suisse's wealth arm in the rest of the world including Switzerland.
04/25/2018
UBS loses $300M team to Stifel as wirehouse exodus accelerates
The team’s clients include early stage investors and ultrahigh-net-worth individuals.
04/25/2018
City sentiment on Britain takes a turn for the better as wealth firms devote more of their portfolios to UK shares
UK shares have remained unloved relative to the majority of other equities markets around the world since June 2016
04/25/2018
Citi's conflict-free model for private banking
Coming out the GFC, Citi made a decision to change the focus and underlying strategy of its global private bank.
04/24/2018
Butterfield Reports First Quarter 2018 Results
The core efficiency ratio1 for the first quarter of 2018 was 62.3% compared with 65.4% in the previous quarter and 62.5% in the first quarter of 2017.