01/10/2012

Barclays Wealth Shutters Argentina Office

The local unit, Barclays Sudamerica SA, was the only wealth management office in Latin America, Monique Wise, head of corporate communications for the Americas, said by telephone from New York today. The company “remains committed to Latin America,&

01/10/2012

India Loses a Third of its Billionaires

According to a new study, the number of billionaires in India dropped by more than 30% in 2011. Press reports blamed the drop on the country’s stock market, which fell by 40% last year.

01/10/2012

Julius Baer wins top award

Julius Baer has been named Best Boutique Private Bank in Asia and Best Private Bank – External Asset Manager’s Choice.

01/09/2012

New year, new hope, old problems - Coutts & Co

As we embark on the year ahead, there are a number of hurdles still to overcome. Most notable is the euro-zone debt crisis which, though off the front page for the time being, remains largely unresolved. However, with economic data in the US and emergin

01/09/2012

Tough new laws to put greedy bankers behind bars

Growing public outrage over the severe damage caused by the banking crisis has prompted the Chancellor to prepare a new criminal offence of ‘corporate negligence’ to punish reckless financiers.

01/09/2012

U.S. demands names of Swiss bank staff: paper

Citing banking sources, the NZZ am Sonntag said Swiss banks had until January 23 to transfer documents to the U.S. Justice Department relating to their U.S. business since 2000.

01/09/2012

Rothschild to advise on Lloyds UAE disposal

The bank, which is 40 percent owned by the UK government, has appointed Rothschild as an adviser for the sale, two sources confirmed to Reuters on condition of anonymity.

01/06/2012

Banks brace for backlash as bonus season arrives

But announcements of more than 125,000 job cuts last year mean bankers will find it harder to use their traditional excuse that they need to pay out big bonuses to retain top talent.