10/28/2012
UBS Plans 10000 Job Cuts in Overhaul
Switzerland’s largest bank, will cut as many as 10,000 jobs companywide as the trading business shrinks
Wealth and Asset Management
10/28/2012
ABN Amro buys Brazilian bank, for its licence
CR2 is a small privately owned commercial bank with total assets of approximately €25m as of June 2012, the Dutch bank said in a statement.
10/28/2012
Italy's top bank turns vaults into Milan art museum
Palazzo Beltrami, a superb Milanese building which blends Neoclassical style with eclectic features, was built in 1911 as a prestigious new head office for Banca Commerciale Italiana, now part of domestic bank giant IntesaSanpaolo.
10/28/2012
Barclays slashes bankers' pay by up to half as profits fall
Barclays is to cut the salaries of some of its leading investment bankers
10/28/2012
Bankers' bonuses to be returned in Spain
The size of the losses, the biggest ever reported by a Spanish bank
10/28/2012
Strong investment performance at FCAM
Assets Under Management (“AUM”) of £96.8 billion at 30 September 2012 (30 June 2012: £98.2 billion)
10/25/2012
Skandia: ‘We don’t want to be SJP’
Skandia is planning some big structural changes ahead of the Retail Distribution Review
10/25/2012
Deutsche Bank Members of compensation panel announced
As announced in September the panel´s objectives include benchmarking the Bank´s compensation systems against industry best practice and against current and intended regulatory requirements; formulating core principles and minimum standards fo
10/25/2012
Rathbones wins Investment Manager of the Year at the Charity Times Awards 2012
Rathbones was lauded as showing outstanding commitment to the sector and consistent good performance at the Lancaster London hotel last week.
10/25/2012
Investment bonds being mis-sold by advisers, wealth manager claims
When the Retail Distribution Review (RDR) takes effect from 31 December 2013, funds will no longer be allowed to pay commission to advisers for selling their products. Instead, IFAs will have to charge upfront for their advice.
10/24/2012
RBC Wealth Management's global strength recognized with three Private Banker International awards
We are extremely proud to see RBC Wealth Management recognized for its strength
10/24/2012
Coutts CEO Rory Tapner Named "Outstanding Global Private Banker"
The award was announced at the 22nd annual PBI Wealth Management Summit in Singapore. Since first being held over two decades ago, the event has grown significantly and now draws a large number of influential industry specialists, private bankers and exe
10/24/2012
UBS Global Asset Management Chronicles the Evolution of the Asset Manager
Emphasis is moving away from performance relative to benchmarks and toward investor outcomes
10/24/2012
Italy's Banca Leonardo set private banking targets for 2012
"Our aim is to recruit professionals with strong experience, who share our vision of the business."
10/24/2012
Standard Life move prompts IFA fear over orphaned clients
Adviser says provider’s “fair” move highlights issue of clients that may suffer through going direct post-RDR.
10/24/2012
Credit Suisse Third-Quarter Profit Falls on Own Debt Charge
Private Banking with 3Q12 net revenues of CHF 2,591 million and pre-tax income of CHF 689 million
10/24/2012
64% investors would stop using their IFA if they began charging an hourly rate
The findings come from Legal & General Investments' What Matters Investment Index which investigates investors' views of the market which is now in its third year.
10/23/2012
AWD demands advisers cut clients to improve service
The national IFA has told around 50 of its 200 advisers who advise more than 250 clients to cut numbers by January.
10/23/2012
Rathbone funds edge up to £17.3bn
The total annualised rate of net inflows of 5.5% (2011: 8.2%) in Rathbone Investment Management for the nine months ended 30 September 2012
10/23/2012
Hargreaves chief picks up £1.2m bonus
The company saw pre-tax profits increase to £152.8m for the year to 30 June, compared with £126m during the prior year.