The Swiss Squeeze
Regulation and compliance is plaguing Swiss private banks, with profits and reputations suffering. This comes as London and Singapore…
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Anthony Climpson-Stewart
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The Great Slimdown
Switzerland's heavily saturated banking market has meant getting a solid footing domestically is a major challenge. The competition comes…
ByNorth America number one for HNWI population: RBC/Capgemini
North America reclaimed the top spot for high net worth individuals (HNWI) population in 2012, with 3.73m residing in…
ByRBC linked to Lloyds SWIP acquisition
Royal Bank of Canda (RBC) has emerged as a possible buyer of Lloyds Banking Group's asset management arm Scottish…
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Growing wealth, growing dissatisfaction
The amount of high net worth wealth in Greater China is rising in at between 15-30% a year, but…
ByLocal banks dominating Chinese wealth industry, struggling offshore: Bain & Co
Local Chinese banks are dominating the private banking market in China, but are struggling to perform in the offshore…
ByJulius Baer AuM up 16% for first four months 2013
Swiss private banking group Julius Baer has seen a 16% rise in assets under management (AuM) in the first…
ByRBC recommends active management in fixed income, questions ‘great rotation’
Low yields are still dogging the fixed income market but it remains an asset class high net worth clients…
ByRegulation and compliance top concerns: Smith & Williamson
Concerns about regulation and compliance remain a key issue for the financial sector, despite increased company's reporting increase turnover,…
ByFINRA hands down $900,000 in fines to three wealth managers
The US Financial Industry Regulatory Authority (FINRA) has handed down $900,000 in fines to three separate firms.
ByArbuthnot Latham to open branch in Dubai
Arbuthnot Latham & Co is to open its first international branch in the Dubai International Financial Centre after it…
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RBS Wealth Division AuM down 2%
RBS groups' wealth division saw a 2% fall in client assets under management (AuM) to £30.8bn ($47.9bn) in the…
ByBritish Territories agree to G5 plan
The UK treasury department have roped in all remaining British Overseas Territories under its G5 model for tax transparency.
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Deutsche Bank wealth unit revenues up 8%
Deutsche Bank's asset and wealth management division has posted a $116m increase in net revenues for the first quarter…
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Lloyds take £250m hit on sale of Spanish unit to Sabadell
Lloyds Banking group will take a £250m hit to their group accounts following the sale of their Spanish banking…
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Coutts denies US tax investigation following banker arrest
UK-based Coutts has denied rumours they are the target of a US tax investigation, following the arrest of one…
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FCA sets new rules for platforms rebate payments
The Financial Conduct Authority (FCA) in the UK has set out new rules for the way investors will pay…
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Barclays Q1 pre-tax profit drops 43%, breaks £200bn barrier
Pre-tax profit at Barclay's wealth investment management division slumped 43% to £60m ($92.7m) in the past three months, despite…
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Ameriprise lines up Lloyds asset-management unit bid reports
Lloyds Banking Group has refused to comment on speculation Ameriprise Financial (AMP) is making a bid for the…
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FINRA fines Merrill Lynch US$1 million
Merrill Lynch has been fined $1m and ordered to pay over $320,000 in compensation, by the US financial watchdog.
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Ex-HSBC employee charged with confidential information leak about private Swiss accounts
Spain's National Court has rejected a Swiss order to extradite an ex-HSBC employee for allegedly stealing and revealing confidential…
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More than a third of UK HNWIs question portfolio fees: MDRC
More than a third of UK high net worth individuals (HNWIs) thought the fees associated with their portfolios were…
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CIBC buy Atlantic Trust strengthens US position
Canadian Imperial Bank of Commerce's (CIBC) have acquired Atlantic Trust Private Wealth Management for $210m, in a move adding…
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Wealth managers losing client confidence: Deloitte
The relationship between wealth managers and their clients is deteriorating as people choose to use outside advisers, new research…
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Swiss government agree to FATCA changes
The Swiss Federal Council agreed to adopt the changes to the US FATCA agreement on 10 April, allowing Swiss…
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Sharjah Islamic Bank launches $500 million Islamic bond
Sharjah Islamic Bank (SIB) has launched a $500m Sharia-bond, or sukuk, with the bond order book rising to $3.24bn.
BySwitzerland closes FATCA agreement with the US
The Swiss Federal Council agreed to adopt the changes to the US FATCA agreement on 10 April, allowing Swiss…
ByFamily wealth on fast forward
The guarded world of family offices is offering up huge possibilities for growth and challenges not just in the…
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DBS Bank and Capital One offer the best mobile Apps
DBS Bank and Capital One have taken the top honours in a review of apps offered for mobile devices…
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UK household wealth passes £7trn mark
UK household wealth has passed the £7tn ($10.7tn) mark, figures released by Lloyds TSB Private Banking show.
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BNP Paribas and Credit Agricole challenge offshore evasion claims
Two of Frances biggest banks, BNP Paribas and Crédit Agricole, have challenged claims made by The International Consortium of…
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