All articles by Verdict Staff
Verdict Staff
Deutsche Bank to merge Switzerland wealth management operations
Deutsche Bank is all set to merge its wealth management units in Switzerland in order to reduce its operational cost and increase profitability by gaining strong customer base in the region.
Moodys cautions about risky wealth products in China
Moody’s Investors Service has said that the issue of risky wealth management products sold by banks, which turn out to be problematic, can cause investors to lose their entire savings and that it is credit negative for the Chinese lenders.
CAIS launches online exchange for wealth management industry
Financial-technology solutions provider, CAIS, has launched an online exchange for wealth management industry, called CAIS Exchange (CAIS-X).
Zurich Insurance appoints global head of private banking client solutions
Zurich Insurance Group has appointed Walter Kiceleff as the global head of private banking client solutions.
WSFS appoints director of private banking group
The parent company of WSFS Bank, WSFS Financial Corporation, has appointed Mark Gordon as the director of private banking in the Wealth Management division of WSFS Bank.
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Berenberg Bank: Building up in Britain
The UK has continued to attract foreign banks to set up shop in London, countering the doom and gloom in the wider eurozone. PBI talks to Berenbergs Ross Elder about its long-term approach, hiring plans and openings in New York and Amsterdam
Lombard Odier appoints senior vice president
Swiss-based private bank, Lombard Odier has appointed Patrick Crowley as the senior vice president in Lombard Odier’s New Markets Group, in order to help boost the bank’s presence in the Gulf Co-operation Council region.
FSA takes action on HSBCs non-compliance deed
The Financial Services Authority (FSA) is taking action with regards to the issues in respect of HSBCs compliance with anti-money laundering rules and US sanctions requirements.
China sets up risk committee to monitor wealth management products
Chinese banking regulator has set up a risk committee to monitor the burgeoning category of wealth management products, Reuters reported.
HSBC reaches agreement with US authorities
HSBC has reached agreement with the US authorities in relation to investigations regarding inadequate compliance with anti-money laundering and sanctions laws.