Considerations on the recent surge of gold amidst Fed interest rate cut
With the US Federal Reserve set for a much-anticipated interest rate cut, experts are assessing the impact on gold which…
ByMonth: July 2019
St. James’s Place inflows take a hit in first half
St James’s Place (SJP), a wealth manager based in the UK, has reported gross inflows of funds under management of £7.4bn…
M&A activity affects smaller Swiss private banks
Takeovers in the Swiss private banking space is mainly hitting smaller banks, according to a report by PwC. Owing to…
Credit Suisse reports surge in second quarter income
Credit Suisse has posted net income attributable to shareholders of CHF937m for Q2 2019, a 45% jump compared to CHF647m…
Zürcher Kantonalbank to buy GAM precious metals funds business
Zürcher Kantonalbank (ZKB) has agreed to purchase the precious metals ETFs and money market operations of GAM in a deal worth CHF14m.…
Liontrust to buy Neptune Investment Management in £40m deal
Liontrust Asset Management has agreed to acquire the entire issued share capital of Neptune Investment Management for a maximum consideration…
Disregarding personal relationships can hurt private banks’ bottom line
Remote channels and algorithms provide cost savings, but only to a certain extent. If personal relationships are compromised so too…
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Citi to shed hundreds of trading jobs
Citigroup is planning to slash hundreds of trading jobs this year, according to Bloomberg. The downsizing exercise would impact employees across…