11/07/2012
Vontobel said on Wednesday the banks had failed to come to an agreement over whether Notenstein Privatbank, which Raiffeisen bought in January, could provide certain services directly to Raiffeisen.
11/07/2012
Without naming sources German weekly Die Zeit reported on Wednesday that the job cuts are part of a multi-billion euro cost-cutting programme running until 2016.
11/07/2012
Commerzbank, which said it's forgoing its dividend to invest in the core business, reported profit that missed analysts' expectations on losses from non-core assets and a decline in consumer banking earnings.
11/07/2012
"The group faces complex and demanding challenges in 2013. However, the group's transformation and limited exposure to extreme risk scenarios in the euro zone place it in a strong position to deal with these challenges," the bank said in a
11/07/2012
Retail banking, once viewed as a stable counterweight to riskier investment banking, is now also coming under fire as it struggles to make money in a era of low interest rates.
11/07/2012
Charles Stanley has seen its pre-tax profits tumble by 34.6 per cent in the first half of this year, much of it blamed on the FSCS levy and the cost of building its direct platform.
11/07/2012
"We have a lot of enquiries from European banks, not because they want to move the assets necessarily to Asia, but because their clients are asking them to," said Joshua Rotbart, general manager of Malca-Amit Precious Metals Ltd.
11/06/2012
UK Private Bank rationalises multi-jurisdiction global fund range
The merger allows for a consistent investment process aimed at enhancing returns while minimising risk, the company stated.
11/06/2012
ING Group's 3Q12 net result was EUR 609 million, or EUR 0.16 per share, including divestments and special items.
11/06/2012
TYIM funds under management were £337 million at 2 November 2012 and Rathbones expects to pay a total of up to £10million for the firm.
11/06/2012
Funds under management in core operations up 4% to £263.3 billion
11/06/2012
Skandia, which has since begun to rebrand as Old Mutual Wealth, saw UK platform gross sales of £900 million, down from £1.2 billion in the third quarter of 2011.
11/05/2012
Britain’s Royal Mint’s announcement is on the heels of Barclays Plc expansion into opening a precious metals vault for its customers in September and Deutsche Bank will follow suit in March.
11/05/2012
The pair are currently working in Rathbones’ Winchester office, but will set up their own branch in Lymington before the end of the year.
11/05/2012
The firm currently has 114 paraplanners and support staff and is looking to add another 20 across the UK.
11/04/2012
Global Wealth 2012, Highs and Lows of World Salaries
Last year, the smallest wages in Europe were paid in Ukraine, Moldova and Albania.
11/04/2012
Most financial advisers have begun altering the way they receive payments for their services but fewer than one in four have completed the move to charging clients fees for their work, according to a new survey.
11/04/2012
According to the Sunday Times newspaper, Lloyds' 60% stake in St James's Place Wealth Management could be placed with investors in the market before the end of the year.
11/04/2012
The British bank typically defines such clients as those who have $25 million invested with the bank, and who are thought to have assets of at least $100 million; the industry refers to such clients as the ultra-high net worth (UHNW) category.
11/04/2012
However, the bank said underlying profits in the quarter had increased.