07/18/2012
But private banks have lagged, offering relatively little in terms of wealth management for Islamic customers, who want products and services that respect Islamic laws prohibiting trading in debt and collecting interest, among other rules.
07/18/2012
Hodgson told CNBC his research shows the incentive structure on Wall Street, in which bonuses are paid based on short-term profits, was one of the prime factors that caused the financial crisis in 2008 and 2009.
07/17/2012
In an environment the investment bank characterized as "tough," Goldman said it was embarking on a new round of cost-cutting, which will include laying off some senior employees.
07/17/2012
Malaysia’s CIMB will market more instruments in the fourth quarter for clients with a minimum of 1 million ringgit (Dh1.15 million), Badlisyah Abdul Gani, chief executive officer of CIMB Islamic Bank Bhd., said.
07/17/2012
National IFA acquires Barker Poland corporate arm
Barker underwent a restructure in December 2009 in a move which saw its private client wealth management business transferred to newly created Barker Poland Asset Management.
07/17/2012
Despite Libor-mania, rogue trading and mis-selling scandals, our pin-stripped - sorry, striped - friends partied until 6am at the Square Mile’s 7th summer party at McQueen’s in Shoreditch.
07/17/2012
About 34 banks operate in Monaco, a significant number by any measure for a country of 38,000 people – however, consolidation may be on the horizon.
07/17/2012
Scorpio Partnership’s annual Private Banking Benchmark of the global wealth management industry released today shows international providers weathered the storms of 2011 more successfully than smaller players.
07/17/2012
Quorum has been assessed by leading wealth management data and analysis group ‘PAM Insight’ as one of Private Client Practitioner’s ‘Top 25 IFA Companies 2012’.
07/16/2012
Only overtime hours from Aug. 1 will be affected, the newspaper said.
07/16/2012
Shift Into Lower-Margin Lending Reflects Harsh Climate Facing Wall Street
07/16/2012
Bloomberg reports that the unit set aside $4.91bn for pay in the first six months of the year, enough to compensate each of the 26,553 employees an average of $184,989 for the period, according to figures posted on the firm's website.
07/15/2012
Standard Chartered, Malaysia’s CIMB tap prospects for Islamic private banking
07/15/2012
A good deal of their job is managing emotions.
07/15/2012
The asset management arms of banks, many of which are keen to sell, are likely to head the list of acquisition targets.
07/15/2012
The award process is increasingly more competitive and for Citi to continue to win the best bank award is a reflection of Citi's continued commitment, growth and investment in Asia.
07/15/2012
"This is inevitable in a situation such as this – but it is simply speculation. In the face of that, it is important that you hear from us, on behalf of the Board, an unequivocal statement: our strategy and business model were right for Barclay
07/15/2012
Royal Bank of Scotland-owned Coutts, which has served as banker to the Royal Family since the 18th century, said it had no evidence that client confidentiality had been compromised.
07/15/2012
Increased adviser poaching by means of large sign-on fees could result in a growing expectation such bonuses will remain, a number of recruiters said.
07/15/2012
Analysts have begun to express concern that the extraordinary rise of WMPs over the last year is creating hidden risks in China's banking system.