All articles by Vidhya Edwards Munnangi

Vidhya Edwards Munnangi

Hoxton Wealth enters Asia with new purchase 

The deal will add £225m in assets to Hoxton Wealth’s books, increasing the total to £2.5bn. 

Texas judge advances suit against BlackRock, State Street, Vanguard 

The lawsuit alleged the asset managers of leveraging their holdings to influence coal companies to cut production by 50% by the year 2030. 

UBS to settle Credit Suisse’s RMBS obligations with $300m payment 

The obligations stem from a 2017 agreement related to the bank’s legacy residential mortgage-backed securities business. 

Schroders CEO denies family stake sale reports 

The speculation emerged in the wake of a challenging period for Schroders, with its shares declining about 40% from their peak in 2021. 

Titan Wealth to buy UK’s Finance Shop and FS Wealth Management 

Finance Shop is known for its independent advisory services, while FS Wealth Management specialises in discretionary portfolio management.  

Evercore to acquire UK advisory firm Robey Warshaw  

Set up in 2013, Robey Warshaw has been providing advisory services to some of Europe’s leading multinational companies. 

UBS Q2 profit before tax surges 49% to $2.19bn

The net profit attributable to shareholders amounted to $2.39bn, reflecting a 111% increase year-on-year.

HSBC Swiss private bank faces probe over alleged money laundering 

The investigations, which are in their preliminary stages, are focused on potential offenses linked to “two historical banking relationships.” 

Morgan Stanley under probe for wealth management client vetting issues – report

The inquiry is examining the firm’s client risk assessments and related practices from October 2021 to September 2024.

LGT ties up with iCapital to digitise alternative investment offerings 

The alliance has resulted in the development of a technology platform, which integrates directly with LGT’s banking systems.