08/05/2013
Credit Agricole Profit Surges After Disposal of Greek Unit
The profit surged in the second quarter after the sale of its unprofitable Greek unit.
Wealth and Asset Management
08/05/2013
Nedbank Group Limited Interim Results 2013
The group benefited from its portfolio of diverse businesses and strong performances in the wholesale and wealth businesses resulted in overall headline earnings growth of 13,3%.
08/05/2013
Standard Chartered Knocked By $1bn Korean Business Hit
Standard Chartered, which makes more than 90% of its profits in Asia, Africa, and the Middle East, said Korea remains its most difficult market and that it was writing down the value of the business.
08/05/2013
Pressure on Apcims to back standard DFM disclosure
The discretionary managers are due to meet with the Association of Private Client Investment Managers and Stockbrokers (Apcims) later this month to discuss the plans.
08/05/2013
Swiss Cantonal Bank Cut by S&P Amid Risk of U.S. Legal Costs
“We foresee ongoing elevated reputational and legal risk at BKB from pending legal actions by the U.S. Department of Justice against Swiss banks,” S&P said after meeting with the management of the company.
08/04/2013
'Havoc' as HSBC prepares to close diplomatic accounts
The head of the UK's Consular Corps told the Mail on Sunday the decision has created "havoc".
08/04/2013
Bankers bonuses soar to £4.2m while average workers lose out
City payouts went up by £1.8billion in a year as fatcats delayed their bonuses to take advantage of Chancellor George Osborne’s cut in the top rate of tax.
08/04/2013
HSBC raises pretax profit 10%, cuts impairments by £1.7bn
Banking giant HSBC Holdings reported pretax profit of $14.1bn in the first half to end-June, an increase of 10% compared with the same period in 2012.
08/04/2013
Are bespoke discretionary portfolios sustainable on grounds of cost - London & Capital
The industry debate rages….. whether smaller bespoke discretionary portfolios are sustainable on grounds of cost, with a number of DFMs reviewing the suitability of clients with smaller pots.
08/04/2013
HSBC vows to limit impact of EU bonus cap
HSBC has vowed to sidestep European proposals to cap bankers bonuses to prevent an exodus of talent in its Asian and American markets, potentially by raising salaries.
08/04/2013
Canaccord Genuity looks to Europe equities and property
Nigel Cuming, CIO of Canaccord Genuity Wealth Management, is considering allocating to European equities and property as equity markets continue to rally.
08/04/2013
Singapore’s wealth centre claim gains credence
Legitimate rival to Switzerland; M&A robust in spite of banking downgrade
08/04/2013
Credit Suisse spins off Johim as Bermuda National sale goes through
The existing independent directors are also set to remain on the executive board for the foreseeable future. At the end of June Johim had around £3.9 billion in assets under management.
08/01/2013
Generali says won't sell BSI if price not right
The result, which Generali called its best half-year performance in the past five years
08/01/2013
Barclays Joins UBS in Pursuit of Millionaire Clients in Africa
Barclays Plc is joining Citigroup Inc. and UBS AG in targeting millionaire clients in Africa as the continent’s fastest-growing economies swell a rich list topped by billionaires
08/01/2013
Law firm acquires financial advice business
In acquiring Capricorn, ILH will also buy The Pentad Group
08/01/2013
Wealth Adviser Special Report: Jersey Wealth Management Services 2013
This Wealth Adviser Special Report highlights how Jersey's wealth managers and government are attracting a share of the rapid, global growth in wealth with a raft of initiatives, from infrastructure investment to taking on new technology to help serv
08/01/2013
BofA Set To Jack Up Fees For Thousands Of Brokerage Account Holders
The move comes as big brokerage firms struggle to make up for lost assets during the recession
08/01/2013
Q2 2013 Private Client Indices
The Q2 2013 performance figures for the ARC Private Client Indices and ARC Charity Indices have been calculated.
08/01/2013
HSBC Private Bank shuts UK immigration service on low client retention
The desk provided visa fast-tracking and advice services for overseas investors with more than £1 million under their possession in the UK