Brewin Dolphin FuM grows 19.5% on strong inflows
Funds under management (FuM) at British wealth manager Brewin Dolphin swelled to £56.9bn at the end of 30 September 2021, benefitting from positive net flows. This is a 19.5% increase…
Results & Deals
Santander wealth management & insurance delivers €1,733m in 2021 so far
The wealth management and insurance arm of Santander reported a contribution of €1,733m ($2,011m) to…
Coinfirm appoints new CEO and gains $8m in funding
Coinfirm, a RegTech for digital currencies and blockchain-based finance, has appointed Dr. Mircea Mihaescu as its new chief executive officer…
Form3 announces $160m funding round led by Goldman Sachs
Payment platform Form3 has announced its Series C investment funding of $160m (£115m), led by Goldman Sachs Asset Management and…
ThoughtMachine lands ‘unicorn’ status with new funding
Cloud-based banking platform ThoughtMachine will join the UK’s highest-valued fintech companies following its most recent funding round. According to Sky…
China’s recently rescued bad bank Huarong confirms $16bn loss in 2020
China Huarong Asset Management is currently in talks with investors after revealing a net loss of $15.9bn (RMB103bn) in 2020…
RBC reports 34% profit rise in net income in Q3 2021
The Royal Bank of Canada (RBC) has reported a net income of $4.3bn for Q3 2021, up $1.1bn or 34% from the same period last year. Diluted earnings per share…
CIBC sees a nearly 50% rise in net income in Q3 2021
CIBC has recorded $1,730m in net income in Q3 2021, 48% higher year-on-year from $1,172m. However, it is only 5% higher than the $1,651m earned by CIBC in Q2 2021.…
Scotiabank wealth income up year-on-year in Q3 2021
Scotiabank Global Wealth Management recorded a net income of $390m in Q3 2021, an increase of $69m or 21% year-on-year. Adjusted net income rose to $397m, a rise of $65m…
BMO Wealth Management records increases in Q3 2021
The wealth management arm of Bank of Montreal, BMO, reported a net income of $401m in Q3 2021, $60m or 18% up year-on-year. In addition, adjusted net income was $406m,…
Liechtenstein’s VP Bank sees growth in profit, assets in H1 2021
Liechtenstein’s VP Bank Group has reported a rise in profit in H1 2021 compared to the year-ago period, which was hit by a one-off valuation adjustment of around CHF20m. The Vaduz-based…
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