02/28/2013
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
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
Net income of $2,070 million (up 8% from $1,911 million)
02/27/2013
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
Total funds under management up 22% to £34.8 billion
02/27/2013
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
Excluding non-recurring expenses, underlying net profit was CHF 142.5 million, up 71%.
02/26/2013
The proposals were revealed by the European Commission
02/26/2013
The transaction is expected to more than triple SLW's discretionary assets, creating a private client wealth manager in the UK with increased profitability, significant scale and market presence.
02/26/2013
The Libor-rigging fallout continues for Barclays as it prepares to impose penalties on some employees over the financial scandal.
02/25/2013
Nucleus launches trusts to cater to family office trend
Firms were increasingly looking at on-platform solutions to carry out inheritance and family office planning, Nucleus said.
02/24/2013
This new hub complements Rathbones’ established presence in Winchester and brings its total number of branches to 14 across the UK and Channel Islands.
02/24/2013
The awards presented recently to Nedbank Private Wealth were an outright win of the category Best Private Bank for High Net Worth Clients US$1m to US$10m, and an equal first for Relationship Management, both for the Jersey region, under the Global Award C
02/21/2013
Nick Travis and Kevin O’Shea named in Citywire Wealth Manager’s Top 30 under 30
The entrants are decided on a combined basis of academic success, professional qualifications, and the impact they have had on the business they work for.
02/21/2013
Swiss private bank opens London office
“It fits very much within our strategy of chasing global entrepreneurs,”
02/21/2013
Sterling McCall director Steve Moseley said that cost, functionality and usability dictated the platform switch.
02/20/2013
"The research shows that RDR has been a tipping point in the use of DFMs among advisers as the challenges of operating successfully in a new environment bring the benefits into sharp relief."
02/20/2013
Sanlam acquires two more IFA businesses
Sanlam Private Wealth has acquired two new IFA businesses for an undisclosed sum