09/23/2011
UBS cutting up to 10 percent of advisory arm
UBS is cutting back its investment banking division (IBD) representing between 5 and 10 percent of the jobs within the Swiss bank's advisory arm, several UBS bankers said.
09/23/2011
UBS is cutting back its investment banking division (IBD) representing between 5 and 10 percent of the jobs within the Swiss bank's advisory arm, several UBS bankers said.
09/23/2011
Private banks are tightening their lending criteria for large mortgages, insisting that clients invest cash with them in return for a loan, or to get the best rates.
09/23/2011
The 30th annual Forbes 400 list of billionaires is out.
09/22/2011
Arriving in Singapore for meetings with the bank's management and board, Gruebel laughed when asked by Reuters at his hotel on Wednesday if he still had the board's backing and said, "Yes. Always."
09/20/2011
BNP Paribas Securities Services has announced that it has launched a service that allows financial intermediaries to shorten their deployment time to new markets, optimising liquidity and boosting client service.
09/20/2011
Competing against bank-owned trust companies from around the world, RBC Wealth Management was judged to have demonstrated success in a number of areas including client retention; in-house investment management capabilities and performance; client tax advi
09/19/2011
UBS is still committed to its investment bank, under fire after one of its London traders was charged over a $2 billion loss, the bank's Chairman Kaspar Villiger told a Swiss newspaper.
09/16/2011
Rathbone Investment Management International is planning to launch three global fixed income strategies for Peter Lucas, who joined the group from RBC Wealth Management in July.
09/16/2011
HSBC lifted its 2012 gold price forecast to $2,025 an ounce from $1,625 previously, while GFMS said it could “easily” see gold spiking through $2,000 an ounce by the end of this year.
09/14/2011
Former Tchenguiz lieutenants Aaron Brown and Mark Grunnell set up Red Oak Capital Partners
09/12/2011
HSBC, Barclays and Standard Chartered are all considering whether they should move away from the UK unless the Government waters down tough proposals from the Independent Commission on Banking (ICB), out tomorrow.
09/12/2011
It has ambitious plans. In February, Ed Rosengarten, the former chief executive of equities at M&G, joined Eden to transform it into a serious player in the asset management business.
09/09/2011
The fortunes of social media entrepreneurs including the founder of Facebook, Mark Zuckerberg; the brains behind Zynga, Mark Pincus; and the man who introduced Twitter, Jack Dorsey, are at an all-time high, according to a study on 30 of the world's r
09/09/2011
A potential bid for U.K. stockbroker The Evolution Group PLC by Vancouver-based Canaccord Financial Inc. (TSX:CF) is no longer in the works.
09/09/2011
Credit Suisse Group (CS)informed its private banking staff Wednesday of a unit-wide review of its businesses, costs and revenues, after second-quarter profits were battered by the strong Swiss franc.
09/09/2011
UBS boosts gold outlook
09/09/2011
Qataris close to buying London's W Hotel
09/08/2011
SCM Private has called for wider regulatory scrutiny of stock lending after its analysis of 20 UK retail fund managers showed 19 of them can lend up to 100 per cent of clients' funds, potentially putting client money at risk.
09/08/2011
Credit Suisse is considering paring back its onshore U.S. wealth management business and expanding in Asia as part of a revamp of its private banking, a Swiss newspaper reported.
09/07/2011
THE taxman is investigating the affairs of around 800 wealthy British HSBC clients who held money in Swiss bank accounts after their names appeared on a leaked computer disc.