Wealth management M&A market set for further acceleration
Recent level of activity ‘has been remarkable’ and ‘shows no sign of letting up’
Wealth and Asset Management
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Rothschild Bank Profits Drop as it Digests Takeover
The main contributors were value adjustments on investments and write-downs on real assets such as real estate totaling 7.5 million francs
Pictet Group assets shrink on volatile market conditions
Capital ratio totalled 23.5%, more than the minimum of 12% mandated by Swiss Financial Market Supervisory Authority (FINMA), on the basis of CHF3.06bn of total regulatory capital.
moomoo Singapore wealth management AUM soared 3.7 times in 3 months
Both revenue and net profit increased 10.8% and 25.1% from the corresponding period year-over-year
Strong year for private banks in 2021 but headwinds are picking up
Private banks in Switzerland experienced a golden year in 2021. Assets under management rose by CHF 373 billion last year.
Financially sound banks facing economic and political uncertainty
SBA publishes Banking Barometer 2022
BoE Money & Credit report: Mortgage lending dips while consumer borrowing soars
Borrowers who secured killer two-year deals in 2020 when rates were still at record lows are set for a hefty increase if their fixed rate is expiring soon as interest rates are currently averaging 4%.
BlackRock Continental European Income added to Hargreaves Lansdown Wealth Shortlist
'Resilient and defensive nature'
Industrial automation innovation among private banking industry companies has dropped off in the last three months
Analysis of patent filings shows a shrinking level of industrial automation related applications in the industry over the past three months, compared to last year
M&G Forms Japan Real Estate Partnership with ESR
The inaugural project under this partnership will involve a majority interest from M&G in the development of a logistic facility in Nagoya with ESR managing the facility upon completion.
The private banks are separating the wheat from the chaff
The private banking landscape in Switzerland is changing significantly.
Pictet announces 2022 first-half figures
Net profit is up 1% to CHF 380 million, adjusting for the one-off gain in the first half of 2021 from the sale (sale and lease back) of the main building of Pictet in Geneva.