04/25/2012
Credit Suisse eked out a small first-quarter profit on Wednesday, confounding analyst forecasts for a big loss due to a 1.5 billion Swiss franc charge on its own debt, as it cut more costs than expected.
04/25/2012
He joins from Citi Private Bank
04/25/2012
He was chairman of UBS investment bank, is expected to join BofA Merrill in coming months and will be based in London
04/25/2012
Barclays Chief Executive Officer Robert Diamond is betting that rising profitability at the investment bank he built will allow him to fend off a shareholders’ revolt over his compensation.
04/25/2012
Standard Life's retail platform assets rose 26% in the first quarter of the year compared with the same period in 2011, as the group added an extra 41 adviser firms on its wrap.
04/24/2012
"Switzerland has been attacked since 2008. We are in the middle of an economic war," Ermotti told the SonntagsZeitung in an interview. "The goal is to weaken the financial centre of Switzerland."
04/24/2012
It will also face anger over the bill associated with a flood of customer complaints over the mi-selling of payment protection insurance, which is understood to have run to more than £100m.
04/24/2012
Villiger, whose tasks include developing recommendations for the CEO’s pay with the compensation committee, said the bank won’t assess Ermotti’s performance by profit alone, but will also include targets for boosting capital ratios and c
04/24/2012
Swip slashes strategies and staff in drive for wealth
This forced the Lloyds Banking Group subsidiary to bring forward its carefully planned announcement by five days and it went into communications overdrive.
04/24/2012
This is of crucial importance to the fund management industry because we recently found ourselves on the receiving end of a bill for more than £200m following the demise of a purveyor of investments into second-hand life insurance policies.
04/23/2012
David Cameron's family could have money tied up in offshore tax havens after it was revealed his father made a fortune through a network of offshore investment funds.
04/23/2012
Switzerland has recently tried to shed its image as a tax haven, signing deals with the United States, Germany and Britain to provide greater assistance to foreign tax authorities seeking information on their citizens’ accounts in the Alpine nation.
04/23/2012
But the gap is quickly being plugged by lenders from China, Korea, Singapore and Japan, which are attempting to develop a bigger presence in the Middle East.
04/23/2012
ME bank sets up private banking division
The agreement was signed by Mr. Varouj Nerguizian, Executive Board Member and General Manager
04/23/2012
Pay packages for executives in Britain’s biggest companies have escalated out of all proportion to their financial performance or value to society, some of the City’s most powerful investors warn today.
04/20/2012
A spokesperson for FTSE denied any changes in its commercial policy, particularly for Apcims members. She added: ‘Our current licensing requirements remain. There may have been some members who were not aware of this.’
04/20/2012
Decide2 will also offer a similar process for protection and annuities. Hudson Green & Associates principal Ian Hudson says: “The regulator needs to look closely at how Decide2 dis- tinguishes between advice and non-advice.” If you enjoy
04/20/2012
Chief executive attempts to head off shareholder rebellion over £17m pay package at next week's annual meeting
04/20/2012
Alex Barrell, head of the Cheltenham office said: “We are very excited about our move. We needed to find larger premises but didn’t want to leave Cheltenham so St James’ is perfect.
04/20/2012
Brown Advisory has purchased a minority stake in a hedge fund manager with New York and London offices.