08/23/2012

Germans raid Julius Baer clients in tax crackdown

German tax inspectors have raided clients of Swiss bank Julius Baer, the latest development in a dispute over untaxed money held in secret Swiss accounts, a German magazine reported.

08/22/2012

Old wealth reborn in new Indonesia

Wealth-X, a global intelligence and wealth due diligence firm, estimated in its latest Indonesia country report that 775 individuals in Indonesia are worth more than US$30 million, a statistic that underscores the country's still yawning wealth gap.

08/21/2012

Wealth management a tough play for big banks

These days wealth management contributes less than 8 per cent of CBA's group earnings, less than half its relative contribution before the global financial crisis.

08/19/2012

Pictet dismisses M&A as disruptive

A wave of consolidation has been widely forecast for Asia’s private banking industry, but whether this is a healthy development for the market remains open to conjecture.