12/27/2011
Banks and ABI to hold talks over 'out of control' bonuses
Major shareholders are preparing to meet top UK bank executives "behind closed doors" in the new year to thrash out concerns over excessive pay ahead of the crucial bonus season.
Wealth and Asset Management
12/26/2011
Good time for NRIs to invest in India
If investors do not want to take risk of price volatility, then fixed maturity plans are also good options as the tenures of these plans are matched with the underlying instruments. — Mr Vishal Kapoor, Head — Wealth Management, Standard Charte
12/26/2011
India’s new elite will head towards alternatives - Research
Between now and 2016, the wealth of India’s richest is expected to treble and many of these wealthy individuals are eager to invest in alternative asset classes, claims AAA.
12/26/2011
Schroders 2012: A year in the global economy
Keith Wade, Chief Economist & Strategist, and Azad Zangana, European Economist, look ahead into 2012
12/26/2011
Merrill’s 2012 Pay To Drive Advisers To Richer Clients
Merrill Lynch’s 2012 pay plan for advisers drives home an important message: focus on richer clients.
12/22/2011
Coutts makes senior appointment in Jersey
He has lived in Jersey for over 6 years and came to the island to take up a role with RBS International.
12/19/2011
The Truth About Wealth
A November Federal Reserve study, meanwhile, found that a third of the people in the top 1% in 2007, as measured by wealth, were no longer in the top 1% in 2009.
12/19/2011
Saudi billionaire buys Scotsman Hotel Group out of administration
The group’s other hotels include the five-star Scotsman Hotel in Edinburgh and the deluxe Hotel de la Trémoille in Paris.
12/19/2011
Wealth firm reaches 25-year milestone
Dave Young, president and founder of Paragon Wealth Management, started The Center for Financial Excellence in 1986 to give investors an opportunity to do more with their money.
12/19/2011
IRB chairman welcomes HSBC Sevens World Series move to Glasgow
Glasgow will now host the penultimate round of the Series from May 5 and 6 next year and the Lapasset, recently re-elected as chairman of the IRB for another four-year term, has expressed his delight.
12/19/2011
Dollar trumps gold as safe haven
The dollar index – which weighs the dollar against a basket of six other major currencies – rose to its highest level since January this week as investors expressed their frustration with the lacklustre outcome of last week’s EU summit.
12/16/2011
Charity begins at the office
Such sustained, top-level commitment to a charitable cause has helped the bank’s success in raising more than $37m in eight years to fund 2.7m cataract operations worldwide in conjunction with staff and partners, including a donation-matching progra
12/16/2011
Standard Chartered Bank to consolidate unit's private banking business
"After the incident of mis-selling, the bank had run a compliance audit and, in a bid to ease the selling process, the bank has decided to consolidate its business," said a person with knowledge of this development.
12/09/2011
Safer banks will strike balance between private gains and the common good
This is particularly true for global finance where volatility has increased, liquidity is evaporating, and the role of government is pronounced but inconsistent.
12/09/2011
Occupy protesters talk reform with banking boss
FSA chief Hector Sants holds hour-long meeting to hear views on changes to City regulation
12/09/2011
How will auto-enrolment affect advisers?
Commentators clash over pros and cons of small business delay and the implications for intermediaries.
12/09/2011
Axa Wealth pilots adviser e-letter
Helping clients stay abreast of personal finance matters is at the heart of a client-facing e-newsletter being piloted by Axa Wealth, the wealth manager has announced.
12/09/2011
Adviser anger over wealth firm's annuity commission share offer
The letter, seen by Money Marketing, says L&G is Axa’s annuity partner and a comparison of the two providers shows L&G would offer a higher income.
12/09/2011
Wealthy expats put S'pore on world map
The latest findings from the 2011 Expat Explorer survey revealed that Singapore is an ideal destination for expats relocating for money prospects.
12/09/2011
U.S. household wealth takes biggest hit since 2008
Household wealth, or net worth, is the value of assets like homes, bank accounts and stocks, minus debts like mortgages and credit cards.