03/03/2013
HSBC bank says 2012 net profit drops 16.5%
Stuart Gulliver, the chief executive, will see his potential pay package drop following the fine
Wealth and Asset Management
03/03/2013
EU banker pay cap 'threatens thousands of British jobs'
The Government signalled its growing anger over European Union plans to impose a cap on pay for bankers this weekend when a senior minister with close ties to the Chancellor said that hundreds of thousands of British jobs were being put at risk.
03/03/2013
STEP launches 2013/14 STEP Private Client Awards
The STEP Private Client Awards is the pre-eminent international competition highlighting excellence across the private wealth sector.
03/03/2013
Old Mutual's new look
Adjusted operating pre-tax profit rose 18 per cent to £1.61bn on an IFRS basis.
03/03/2013
ARC Private Client Indices and ARC Charity Indices February 2013 Estimates
The February 2013 performance estimates for the ARC Private Client Indices and ARC Charity Indices have been calculated
03/03/2013
Wealth manager raises capital from sale of Liontrust shares
The stock was redeemable in shares in Liontrust with a nominal value of one pound each.
02/28/2013
Coutts Continues Strategic Refocus
RBS said in 2011 that it wanted to strengthen its presence in the UK and focus future investments in growth in core, profitable countries, exiting some markets where it does not have a physical presence or an adequate market share.
02/28/2013
Moscow is billionaires' capital of the world
Moscow has the greatest number of billionaires of any city in the world, according to a global rich list, with London in fifth place.
02/28/2013
Rothschild raising 300 million euro loan fund
Rothschild already has 2 billion euros of leveraged loans under management, including five CLO funds.
02/28/2013
ABN Amro reports loss as restructuring completed
ABN Amro Bank NV said Friday it has completed a restructuring stemming from its troubled past
02/28/2013
Banca Privata Edmond de Rothschild Lugano absorbs Sella Bank AG
This acquisition enables Banca Privata Edmond de Rothschild Lugano SA to pursue its growth strategy
02/28/2013
Lloyds losses narrow to £570m in 2012
Lloyds Banking Group has narrowed its pre-tax losses for 2012 to £570m, from £3.5bn the previous year. The group, which is 40%-owned by the government, said its losses were primarily because of making provisions of £3.6bn for the mis-se
02/28/2013
Private banking awards: Because he’s worth it
Euromoney’s private banking awards dinner, held on February 21 at Plaisterers Hall in London, celebrated not only this year’s winners but also 10 years of the survey.
02/27/2013
Standard Life backs more investor say on executive pay
Last year saw a number of shareholders vote against pay packages in what became known as Britain's "shareholder Spring".
02/27/2013
RBC Wealth Management net income up 24%
Net income of $2,070 million (up 8% from $1,911 million)
02/27/2013
RBS absorbs Coutts regulatory costs to post wealth profit
RBS managed to absorb costly regulatory investigations into money laundering and the sale of an AIG fund at Coutts to post a wealth arm profit for 2012.
02/27/2013
UK Wealth manager ups dividend by a third
Total funds under management up 22% to £34.8 billion
02/27/2013
London mayor says EU bank bonus cap helps New York, Singapore
Bankers in Europe face a cap on bonuses as early as next year, following a provisional agreement in Brussels to introduce what would be the world's strictest pay curbs.
02/26/2013
Wealth Manager signs partnership with adviser network
Managed Portfolio suite available through national network for the very first time
02/26/2013
EFG International reports significant improvement in performance in 2012
Excluding non-recurring expenses, underlying net profit was CHF 142.5 million, up 71%.