07/18/2012
The Swiss bank announced Sfr15.3bn ($15.65bn) of capital raising measures, including Sfr3.8bn of mandatory and contingent convertible securities, as it pushed out second-quarter results one week earlier than expected.
07/18/2012
His comments come as the firm launches into the onshore market, with Balfour and Adam & Company’s former head of investment management Harry Morgan (pictured) and investment director Andrew Herberts at its helm.
07/18/2012
The survey also asked for their outlook on the best performing sector of 2012.
07/18/2012
The in-house private bank currently has a little over US$100 billion in assets and about US$50 billion in deposits, he said.
07/18/2012
The idea, first floated by a German economic policy group, calls for imposing a 10 percent tax on the wealth of the richest Europeans and forcing them to lend money to their governments.
07/18/2012
Coutts said, leading a team of specialists, he will consult with clients on the design of bespoke investment strategies and solutions.
07/17/2012
National IFA acquires Barker Poland corporate arm
Barker underwent a restructure in December 2009 in a move which saw its private client wealth management business transferred to newly created Barker Poland Asset Management.
07/17/2012
Despite Libor-mania, rogue trading and mis-selling scandals, our pin-stripped - sorry, striped - friends partied until 6am at the Square Mile’s 7th summer party at McQueen’s in Shoreditch.
07/17/2012
Private Banking with 2Q12 net revenues of CHF 2,704 million and pre-tax income of CHF 775 million
07/17/2012
Scorpio Partnership’s annual Private Banking Benchmark of the global wealth management industry released today shows international providers weathered the storms of 2011 more successfully than smaller players.
07/17/2012
Investment Quorum’ has been assessed by leading wealth management data and analysis group ‘PAM Insight’ as one of Private Client Practitioner’s ‘Top 25 IFA Companies 2012’.
07/17/2012
Government taxation of charities tends to reduce the philanthropic sector's ability to address social needs that are often not covered by government, according to Richard Schwartz, Philanthropy Management's editor. "This calls into question
07/16/2012
Fully owned by its founding shareholders Mediobanca and Banca Mediolanum, two giants in the Italian financial services industry, Banca Esperia is a boutique specialised in wealth management, with assets around €13.5bn.
07/16/2012
Founded in 2002, Midas was one of the front-runners in multi-asset fund management: combining a range of different asset classes including government bonds, equities, fixed interest, property and alternative investments, in a single fund.
07/16/2012
These include competition for the assets themselves, potentially tighter regulation on risk-taking as ‘shadow banks', and possibly also unrealistic expectations from some clients of the returns achievable from the assets.
07/16/2012
Shift Into Lower-Margin Lending Reflects Harsh Climate Facing Wall Street
07/16/2012
Bloomberg reports that the unit set aside $4.91bn for pay in the first six months of the year, enough to compensate each of the 26,553 employees an average of $184,989 for the period, according to figures posted on the firm's website.
07/15/2012
The asset management arms of banks, many of which are keen to sell, are likely to head the list of acquisition targets.
07/15/2012
Royal Bank of Scotland-owned Coutts, which has served as banker to the Royal Family since the 18th century, said it had no evidence that client confidentiality had been compromised.
07/15/2012
Merrill Lynch Wealth Management professionals will explore the growing importance of these themes and the opportunities they present; highlighting ways in which the next generation can integrate them into their financial planning process and investment po