04/26/2012
A central finding of all this research suggests that the current strategy of Lloyds TSB International, to expand its range of products and services targeted at Brits abroad, is practically a no-brainer.
04/26/2012
Barclays reported a better-than expected 22pc rise in first quarter profits, with stronger performance in investment banking offsetting an increased provisions for insurance misselling.
04/26/2012
Quarterly results have been conditioned by a lower equity and derivatives volumes context, based on the general economic environment, regulatory limitations on trading, and an average general price correction. Nevertheless, the diversification of the busi
04/26/2012
The unified business will give Old Mutual a significant asset management presence in the UK, from which it can drive future growth.
04/25/2012
It hopes that its establishment in the UK will enhance relationships with wealth managers, family offices, private banks, IFAs and institutional clients.
04/25/2012
It added that such a move would result in a ‘significant’ increase in the number of Apcims firms that can offer independent advice.
04/25/2012
Quin said the business was always looking for new partnerships, although he stressed that the adviser quality had to be right, and the firm’s concentration of IFAs was comparatively small.
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.