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.
04/20/2012
Berry founder and chairman Jamie Berry said the facility would be offered to clients through strengthened ties with parent Swiss private bank Bordier.
04/19/2012
The performance fee on the fund was previously set at 10 per cent of returns above the hurdle rate, which was set at three-month USD Libor.
04/19/2012
For these reasons, Philanthropy Management suggests that wealth consultants and other advisors manage the expectations of entrepreneurs who are making their first serious forays into philanthropy.
04/19/2012
Reading heavily from notes, Prot - who for more than a decade helped oversee BNP's expansion into a sprawling but very euro zone-focused banking giant - played down the bank's presence in tax havens during a grilling from a Senate committee on t
04/19/2012
Hargreaves Lansdown, the quoted financial adviser, reported a £2.6bn rise in assets under administration to a record £26bn in the three months to the end of March as investor confidence rose slightly despite volatile markets.
04/18/2012
Wealth management group increases discretionary funds to £3.5bn
As at 31 March, wealth management group Brooks MacDonald’s discretionary funds under management stood at £3.5bn, a significant increase over the first three months of the year haven risen from £3.2bn at the end of 2011.