All articles by Audrey Letendart
Audrey Letendart
HSBC faces fresh AML investigations in Argentina
Argentina’s government has filed charges against the local subsidiary of HSBC, accusing it of helping third parties to engage in tax evasion and money laundering for ARS616m ($121m).
HSBC refuses comment on job cuts to private banking unit
Europes biggest bank by market value could cut thousands of jobs this year, as part of a strategic restructuring plan.
Strong upside Down Under
With a GDP growth expected to keep rising, the land down under is recovering well from the world financial crisis. Being one of the largest private banking centres in Asia, Australia offers a flourishing prospect for wealth managers and especially for family offices.
Investec Wealth Management reaches £40 billion
The Anglo-South African group, Investec, reported its assets under management (AuM) had passed the £40bn mark.
UK HNWIs sending mixed signals to wealth managers
The products and services offered by UK private banks and private client wealth managers are
failing to attract high net worth investors (HNWIs), new research suggests.
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Lombard Odier and KB Kookmin Bank launch partnership
Lombard Odier and KB Kookmin Bank have launched a partnership to match the Swiss
managers expertise with the South Korean banks client base
Soc Gen reports slight revenue drop, rise in AUM
Societe Generale Private Bankings revenue fell 2.4% in 2012, to 757m ($1,020m).
Barclays reports 52% rise in 2012 pre-tax profits
Barclays wealth and investment management unit reported a 52% increase in full-year profit before tax (PBT) to £315m ($491m) and a 13% increase in client assets to £186bn ($290bn).