All articles by Verdict Staff
Verdict Staff
Wegelin faces indictment by US authorities
One of the oldest pure Swiss private banks, Wegelin & Co, may face legal action by the US authorities over charges of helping wealthy Americans to evade taxes.
Brewin rates one in five chance of US relapsing into recession
Against the backdrop of crumbling Eurozone and volatile markets, the US economy has been regaining momentum after a disappointing first half of 2011, says Brewin Dolphin, the London-based wealth manager.
J&T Asset Management has transformed into J&T INVESTICNÍ SPOLECNOST
Late in 2011, the order of the registering court became final on the merger of J&T ASSET MANAGEMENT, INVESTI?NÍ SPOLE?NOST, a.s., and the former investment company of Atlantik Asset Management. Following the merger of both companies, J&T ASSET MANAGEMENT has been renamed to J&T INVESTI?NÍ SPOLE?NOST, a.s., which is a member of the J&T financial group.
Leumi Private Bank selects Equalizer II for its Swiss branches
Leumi Private Bank will use New Accesss global front-office solution, Equalizer II, for the management of institutional funds at its branches in Zurich, Geneva and Lugano.
Defined contribution plans most popular tax strategy, says survey
Defined contribution plans are the most appealing tax-advantaged investment strategy among investors anticipating tax hikes in 2012, says a survey conducted by Spectrem Group.
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Credit Suisse buys HSBCs private bank in Japan
Credit Suisse is acquiring HSBC’s private banking business in Japan, only two years after the launch its onshore private banking business. The acquisition, which is subject to regulatory approval, is expected to close in mid-2012
London ranks top European city with super rich population, Wealth-X
A new survey by a Singapore-based research organisation Wealth-X states that London tops the list of European city with the most ultra high net worth individuals (UHNWIs) followed by Paris (2,820) and the third spot is taken by Zurich (1,775).
Back to basics in the art market as buyers demand rarity, provenance and quality
Ahead of Sothebys forthcoming Impressionist and Modern Art sale in New York, Robert Read, fine art expert at specialist art insurer Hiscox, comments: Lot nine, Les Trois Musiciens, is a fine Fernand Léger which encapsulates the three back to basics tenets attracting buyers in the current market: rarity, provenance and quality.