08/02/2012
According to a new industry analysis surveying 96 money managers worldwide that oversee approximately $21 trillion in assets, profit margins since the financial crisis have been managed by controlling compensation and benefits expense.
08/02/2012
RBS also unveiled a £125 million bill to cover the cost of its IT meltdown.
08/02/2012
The Group expects to record total net income of roughly CHF 25 million (previous year: CHF 19.4 million) for the first half of 2012.
08/02/2012
The report also found however that the reporting regime around the donations was opaque and that improved reporting standards and disclosure would lead to better targeted philanthropy and significant reputational enhancement for the companies concerned.
08/02/2012
South African wealth management group announces 43% rise in earnings
According to the report, basic earnings per share totalled 632.7 cents in the six months to end-June, compared to 443 cents a year ago.
08/02/2012
July estimates for GBP Estimate US Dollar Estimate and Euro Estimates.
08/02/2012
The bank, which suffered an overall loss of £1.5 billion as its IT difficulties earlier in the year took a toll on its bottom line, blamed the 16% dip on higher expenses and increased impairments.
08/01/2012
There are now 1,020,000 millionaires in China–a national record–and 63,500 “super-rich” Chinese.
08/01/2012
Online capabilities crucial to younger generations, Aite Group study finds
08/01/2012
Banco Santander operates an “Edge Act” bank based in Miami that provides private banking services exclusively to wealthy foreigners, primarily Latinos.
08/01/2012
Banco Santander is a Spanish-based publicly listed multinational bank operating in ten core markets in Europe, Latin America and the United States.
08/01/2012
The Eurozone debt crisis is the main culprit for our lack of confidence.
08/01/2012
BNP Paribas reported good performances this quarter despite a challenging environment marked by another slowdown of Europe’s economic activity and a new market crisis.
08/01/2012
First half net inflows at 2.7 billion pounds, were well above forecasts of 1.3 billion pounds, buoyed by a 1.9 billion pound influx of client cash into its institutional asset management business.
08/01/2012
Barclays bolsters Midlands Private Banking team with Coutts hire
In his last role at Coutts, he was responsible for client management and business development within the Milton Keynes region and also has previous experience in opening a new wealth management office in Oxford.
07/31/2012
The study also found that in the middle of the decade when economic growth was relatively robust, there was little difference in share price performance between companies with and companies without women on the board.
07/31/2012
The global banks are allocating more resources to private banking and wealth management in a bid to capture the growing wealth globally and switch to more stable fee-based revenues.
07/31/2012
Asian Millionaires Firing Private Bankers Take Control of Wealth
“I am very open to private banks for their propositions, but I want them to be relevant,” said Ang, who’s cut the amount of his family’s money managed by professionals to less than 5 percent from 25 percent three years ago. &ldqu
07/31/2012
One-time chief executive Michael Geoghegan and Sandy Flockhart, the head of the bank’s Mexican business for much of the period covered by the US investigation, are understood to be among former senior managers who face having parts of their bonus ta
07/31/2012
KBL epb remains one of the rare international banking groups to be headquartered in Luxembourg.