08/30/2012
Barclays launches Female Client Group offering in Scotland
Barclays has chosen the prestigious setting of this year’s Blair Castle International Horse Trials for the launch of its Female Client Group proposition in Scotland
Wealth and Asset Management
08/30/2012
Underlying complaints continue to fall as Barclays drives down complaints by addressing root causes
Strong action plan in place to cut complaints in H2 through relentless simplification which has cut complaints by 55 per cent in the retail bank
08/30/2012
HSBC Swiss Private Bank Profit Declines on Interest Income
Higher costs plus the repatriation of client funds to onshore networks that generate lower fees are cutting profit margins at Swiss private banks, the biggest managers of offshore wealth.
08/29/2012
Royal Bank of Canada Reports Record Third Quarter 2012 Results
Royal Bank of Canada today reported record net income of $2,240 million for the quarter ended July 31, 2012, up $946 million or 73% from the prior year.
08/29/2012
German private banks build stake in Universal Investment
Private banks Berenberg Bank and Bankhaus Lampe have increased their stake in Germany's Universal Investment to 50%, in a vote of confidence in the fund platform model.
08/29/2012
Liechtenstein to require LDF filers to deposit min amount in its banks
This new 20% minimum is believed to reflect some dissatisfaction on the part of Liechtenstein’s wealth management industry with the amount of permanent business it is retaining as a result of the LDF scheme, as many of those making disclosures are
08/29/2012
Banker Bonuses at Risk as EU Lawmakers Fight Barnier Plans
Bankers are facing a backlash from EU lawmakers determined to cut variable pay as part of a quest to reshape lenders as utilities rather than money-making machines.
08/29/2012
Banker Bonuses at Risk as EU Lawmakers Fight Barnier Plans
Bankers are facing a backlash from EU lawmakers determined to cut variable pay as part of a quest to reshape lenders as utilities rather than money-making machines.
08/28/2012
Nick Clegg demands an emergency tax on the rich
Clegg said Britons of "very considerable personal wealth" must be called on to make a greater contribution towards the "national effort", as Britain tackles a longer than expected recession.
08/28/2012
Private banks versus bridging lenders
Private banks pride themselves on offering streamlined and tailored services to the individuals they represent.
08/28/2012
World's oldest bank posts 1.6B euro loss
The bank, which was founded in 1472, on Tuesday said in a statement that the bulk of the writedown was taken on its CGU Privati BMPS unit as well Banco Antonveneta, a 2007 acquisition analysts had deemed overpriced.
08/28/2012
Revenues soar at UK wealth management firm
Assets under administration and advice rose 31.3% to £3.02bn.
08/28/2012
FSA targets wealth managers in new review
The FSA has launched a second thematic review into the suitability of client portfolios that could lead to regulatory action against wealth management firms.
08/28/2012
LGT more than doubles profits
In a challenging market environment, the international private banking and asset management company LGT Group increased group profit for the first six months of 2012 by a substantial 58% to CHF 130 million as against the same period of the previous year.
08/27/2012
Liquidity fears haunt investment trusts
Investment trusts hope to see increased popularity once a ban on adviser commission comes into force next year, but perceptions of liquidity problems still plague the sector, say analysts.
08/26/2012
One Of The Largest Swiss Banks Just Confirmed Client Data Was Stolen
According to the SonntagsZeitung, the stolen data on clients found its way into the hands of tax investigators in the German state of North Rhine Westphalia, with the thief paid an undisclosed sum.
08/26/2012
Bank of Ireland Private Banking launches new global equity investment fund
Targeted at the bank's existing and new private client investors, the fund, which will be managed by Leona Nicholson, is made up of 65 global equities.
08/26/2012
Deutsche Bank turns screw on bonuses
Pay consultants expect the use of clawbacks to rise sharply this year following a string of recent banking scandals, including the manipulation of Libor and anti-money laundering failures.
08/26/2012
Wealthy French expats are struggling to afford the desirable 'golden square' addresses
Hideously diverse Britain: a postcode problem for Parisians in London
08/23/2012
Coutts Sells Emerging-Market Bonds, U.S. Shares After Rallies
That’s the biggest outperformance since 1998, according to data compiled by Bloomberg.