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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".

Asset Allocation Report - Rothschild

Is gold set to shine once again?

Schroders to reopen $3bn Commodity fund to wealth managers

The fund, part of Schroders' Alternative Solutions range, is reopening its dollar share class for small institutions, in a move which will open it up to wealth managers.

Modern Wealth Management Launches Model Portfolios for UK Clients

The Model Portfolios are now accessible to all clients as an integral part of the Saxo MWM platform.

F&C Asset Management H1 Net Loss Narrows

Net Revenue for the first half of 2012 declined to 120.6 million pounds from 137.0 million pounds reported for the same period last year.

Urquhart Stewart: Family-focused IFAs to thrive post-RDR

The current economic and regulatory upheaval is providing opportunities for fee-based family financial planners and this trend is set to continue with the incoming Retail Distribution Review, the rise in technology and the current austerity, 7IM founder J

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