07/31/2017
HSBC posts 5% rise in half-year profit
The firm also announced a 2 billion US dollar (£1.5 billion) share buy-back as outgoing chairman Douglas Flint pointed to a multitude of factors behind the positive results.
Wealth and Asset Management
07/31/2017
Swiss banks defy Brexit to recruit in London
UBS has already increased by 10% its staff in this sector in London.
07/31/2017
Schroders completes acquisition of Adveq
Headquartered in Switzerland, Schroder Adveq employs over 100 people around the world.
07/28/2017
Barclays posts £1.4bn loss as Africa sale and PPI weigh
The second quarter saw us complete two critically important planks of our strategy; both of them ahead of schedule
07/28/2017
Notenstein's Russian Vontobel Deal
We're in talks with Vontobel about the sale of the Eastern Europe portfolio.
07/28/2017
Rothschild Poaches for Swiss M&A
Rothschild tops a league table compiled by Dealogic on number of deals advised in Europe in the first two quarters, and is in the top-five of volume of deals.
07/28/2017
UBS second quarter profits boosted by wealth management business
This very strong performance benefited from growth in all revenue lines as well as good cost discipline.
07/28/2017
Bangladesh black money in Swiss banks--a reality check
Switzerland is not the only place where the fugitive money takes wings from our capital-starved country.
07/28/2017
Citigroup to move part of private banking to Madrid due to Brexit
Madrid has been seeking to lure global banks after Brexit.
07/28/2017
Credit Suisse Draws on Private Bank, Swiss Unit for Profits
Net profit: $312.6 million vs. expected $311.3 million, according to Thomson Reuters.
07/28/2017
UBS Asset Hiring in China Amid Race for Private Funds Share
The stakes are high as foreign funds race to gain a foothold in China’s burgeoning fund management industry.
07/28/2017
Zurich wealth manager names new CIO
Commenting on the new appointment, Maurizio Genoni, CEO at the firm, said Müller will be able to contribute his hedge fund know-how in his new role.
07/28/2017
Coutts supporting US expatriates to break through investment barriers
The Coutts US Investment Management Service provides two portfolios – balanced and growth
07/28/2017
Basellandschaftliche Kantonalbank launches digital wealth manager
The new product sits within the cantonal bank’s e-banking system and allows customers to implement online asset allocation via ETFs.
07/28/2017
Hyposwiss Private Bank acquires Zurich wealth manager
Hyposwiss CEO Niels Bom Olesen will chair Fimanor’s board of directors alongside new vice-chairman Solly Alain Lawi.
07/27/2017
Swiss banks must cut costs despite healthy 2016 performance
One of the larger parts of the wider Swiss economy, representing 10% of the economy in 2014, with the banking sector representing more than half of the amount.
07/27/2017
Swiss bank EFG now expects to hit growth target in 2019
Assets under management end-H1 138.4 bln Sfr, down 4 pct
07/27/2017
Raymond James posts 3Q profit
The results generated in the quarter were largely attributable to growth of client assets as a result of both net recruiting of financial advisors and market appreciation, strong investment banking revenues, and the positive impact from higher short-term
07/27/2017
Barclays Acquisition Boosts OCBC
Oversea-Chinese Banking Corporation's private banking business continued to achieve strong growth.
07/27/2017
Inflows at Schroders beat expectations
Profit before tax and exceptional items up 23% to £361.5 million (H1 2016: £293.7 million)