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Barclays plans radical bonus reforms

Barclays is planning radical bonus reforms that could see staff having to wait until they retire to collect their awards.

Emirates NBD sponsors English golfer Melissa Reid

The young golfer, who plays on the Ladies European Tour, made her mark in women's professional golf with three professional wins at the Turkish Airlines Ladies open (May 2010), Deloitte Ladies Open (June 2011) and Open De España Femenino (Sept

Fiducia goes for gold with fund Olympics

Henderson Global Investors and M&G came second and third, respectively.

How Much are Olympic Gold Medals Worth?

Mark Wells, a member of that team, auctioned his medal off in 2012 and received $310,700 for it, which he needed to help pay for medical treatment.

Middle East investor buys luxury London-based handbag firm

A majority of shares in the handbag company’s holding vehicle, ASHS, have been sold to a third-party investor, believed to be linked to one of Qatar’s sovereign wealth funds, the paper said.

Global Asset Management Profit Margins at Risk - Research

According to a new industry analysis surveying 96 money managers worldwide that oversee approximately $21 trillion in assets, profit margins since the financial crisis have been managed by controlling compensation and benefits expense.

RBS Results: Taxpayer Backed Bank Announce £1.5bn Pre-Tax Losses

RBS also unveiled a £125 million bill to cover the cost of its IT meltdown.

Liechtenstein Private Bank Expects 28 pc H1 Net Income Gain ‎

The Group expects to record total net income of roughly CHF 25 million (previous year: CHF 19.4 million) for the first half of 2012.

Private Client Indices and July Estimates - RESEARCh

July estimates for GBP Estimate US Dollar Estimate and Euro Estimates.

Coutts and Adam & Co profit falls as rising costs take their toll

The bank, which suffered an overall loss of £1.5 billion as its IT difficulties earlier in the year took a toll on its bottom line, blamed the 16% dip on higher expenses and increased impairments.

Hold the Bubbly: London Financiers Keep Low Profile at Olympics

The City of London's high-rolling banking industry is rolling as low as possible at the 2012 Summer Olympics.

UK asset manager plans new Asia office

UK asset manager Jupiter, which this morning beat analyst expectations with its first-half figures, will open a new sales office in Hong Kong this year as part of global expansion plans, according to its chief executive.

London-based wealth boutique to rollout recruitment drive

Willsher joined Devonshire as a financial planner and brought 60 clients over to the firm, boosting assets under advice by £20 million.

Baring Asset Management snaps up Korean asset firm

The acquisition is subject to regulatory approval and is expected to be completed by the end of the year.

BNP Paribas profits helped by job and spending cuts

BNP Paribas reported good performances this quarter despite a challenging environment marked by another slowdown of Europe’s economic activity and a new market crisis.

Schroders posts strong first-half inflows, profits down ‎

First half net inflows at 2.7 billion pounds, were well above forecasts of 1.3 billion pounds, buoyed by a 1.9 billion pound influx of client cash into its institutional asset management business.

Billionaire Hedge Fund Manager Returns $2B To Investors, Blames Merkel

The Times notes that by giving back $2 billion Bacon is losing revenue and potential performance fees if the remaining investments do well.

Former HSBC chiefs faces bonus clawbacks

One-time chief executive Michael Geoghegan and Sandy Flockhart, the head of the bank’s Mexican business for much of the period covered by the US investigation, are understood to be among former senior managers who face having parts of their bonus ta

KBC closes sale of private banking division‎

Due to its very high solvency – a core Tier 1 ratio of 16.5%, a 21.1% Loan-to-Deposit ratio and a substantial cash surplus of over € 3 billion – KBL epb is proving to be a high-potential acquisition for Precision Capital. KBL epb will ret

Standard Chartered 'a bridge between East and West' as profits jump 9pc

Standard Chartered said in its results statement that it has assisted clients in UK, Europe and the Americas, who are suffering with a debt crisis and government austerity measures, "to access the growth markets of Asia".

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