Why are banks favouring wealth management over retail?
Following HSBC’s announcement in late February that it intends to wind up its retail banking operations in the US and France, Citibank has come out with a similar strategy in…
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Financial institutions change their tune on cryptocurrencies
The COVID-19 pandemic put a spotlight on all things digital, accelerating the long-awaited digital transformation…
Citi’s plan to strengthen its commitment to wealth amidst consumer banking exit will be a challenge
Citi is closing out its consumer banking operations in 13 markets, but has declared that it plans to “double down”…
ESG to drive cryptocurrency transformation
Cryptocurrencies, in particular bitcoin, have emerged as the investment phenomenon of the pandemic. However, they stand in stark contrast to…
Wells Fargo offshore exit offers substantial potential AuM
Wells Fargo announced early in January that it was exiting the offshore wealth management market to focus on US resident…
COVID-19: A multi-channel experience is paramount for retention
The wealth management industry is undergoing a noteworthy digital transformation, but it is a two-sided coin. As the COVID-19 pandemic…
01 May 2020
COVID-19: Despite the virus, Italy’s retail wealth is remarkably stable
The economy in Italy has been shrinking for several years, having a negative impact on the country’s savings and investment market, now Covid-19 is affecting retail wealth. However, Italian investors’…
31 Mar 2020
Cybersecurity poses increased concern amid COVID-19 outbreak
Cybersecurity will become more of an issue to financial services institutions thanks to the increased usage of digital channels, as COVID-19 necessitates continued lockdowns and social distancing mandates. Implementing additional…
26 Mar 2020
COVID-19: UK wealth managers must focus equity investors on the long term
The coronavirus pandemic has been the catalyst for global stock markets to crash. Declines in the FTSE 100 are mirroring the 2008 financial crash and wealth managers will be put…
25 Mar 2020
Australia’s COVID-19 recession will heavily impact banks
The medical effects of COVID-19 on Australia are still building, with caseloads rising and likely to continue doing so for some time. GlobalData examines the effects of the global financial…
The coronavirus pandemic will leave the most adventurous investors worse off in 2020
Global economies are collapsing due to the coronavirus pandemic. As the number of cases continues rising globally, forcing governments to take strict action, markets where investors lean heavily on stock…
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