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HSBC set to claw back executives' bonuses over elderly savers scandal that affected thousands

Britain’s biggest bank is expected to confirm that it will become the latest to claw back shares and cash from a number of senior employees, as it posts annual profits up around 15 per cent to £13.8billion.

Wells Fargo To Expand Wealth Management, Insurance Operations Report

He said that of the assets being purchased from European banks, they consist almost entirely of U.S. loans, the FT reported.

Deutsche Bank Said to Choose Guggenheim for Talks on Selling Asset Units

Deutsche Bank is entering exclusive talks with U.S. money manager Guggenheim Partners to sell the German lender’s asset-management divisions, said two people with knowledge of the matter.

Is Barclays sticking two fingers up at the Chancellor?

Barclays tried its luck with some unification

HSBC Pays More For Asia / Latin American Staff

HSBC has revealed that it is coming under increasing pressure on the reward front as it undertakes more of its business in fast-growing economies like Brazil, China and India.

Romania's BCR's private banking assets rise

The country's largest bank by assets added that its private banking business rose 29%

HSBC CEO Gulliver In Line For GBP3 Million Bonus - Report

The paper said the bank is also expected to say that it will focus on growing economies such as China and maintain its market share in lower-growth Western economies such as Britain.

HSBC Profit Surges 28%

The year-over-year improvement was primarily led by strong performance by the Commercial Banking and Retail Banking and Wealth Management segments

Vindicated Raymond James duo set up discretionary arm

The duo is among the seven Raymond James advisers who won the case against Towry two weeks ago.

What to make of Greece’s rescue package

Short term risk reduction, but no long term solution

German Foundation Eyes Wealth Tax Reforms

In its release, the Foundation explains that although private net wealth in Germany is four times public debt, the state nevertheless does not sufficiently tax large wealth.

The Baring name marks 250 years of business

Marino Valensise, CIO of the firm since 1999, says he is proud of the name’s history, but the brand association does not weigh upon him.

DIFC, TheCityUK join hands

DIFC has signed a Memorandum of Understanding (MoU) with TheCityUK to share financial, legal and regulatory expertise, collaborating on areas of mutual interest including closer links on education, training and qualifications.

Bonus cuts hide bigger problem for investment banks

From reducing bonus pools, to capping the amount of cash paid out and clawing back past incentive awards, investment banks are taking what many analysts say is a long overdue look at how the sector’s high pay levels are impeding profit growth.

Banking on Buddhist Economics: how enduring values underpin a 300-year-old family bank

In 2008 we were Private Bank of the Year in the CitiWealth Magic Circle and Spears Private Bank of the Year. What is going on?

Aberdeen Asset Management on the threshold of joining Footsie elite

It will be a far cry from when Aberdeen’s role in the scandal pushed the firm to the brink of administration.

French wealthy eye escape exit as tax burden rises

Advisers to the millionaires report a rise in inquiries from those considering an exit to Switzerland or Monaco - or even Belgium and Britain - before presidential elections this spring.

Natixis Fourth-Quarter Profit Declines 32%

Natixis SA, the investment-banking and asset-management unit of Groupe BPCE, said fourth-quarter profit fell 32 percent after writing down Greek sovereign debt.

Credit Agricole Has Wider-Than-Estimated Loss on Writedowns

In 2012, “the main worry is the need for economic growth to get restarted,” Chief Executive Officer Jean-Paul Chifflet said in an interview with Bloomberg Television. The company, which holds the largest lending book in France, plans “to

SJP rolls out code of conduct for advisers on trail

Wealth manager St James’s Place (SJP) is rolling out "minimum service standards" for its advisers to ensure trail commission and ongoing fees are being levied fairly.

Wealth and Asset Management