151 articles found within the last year.
Displaying results 61 - 80
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Barclays Wealth boosts lending
Barclays Wealth grew its loan book by 30% ... Barclays Wealth was able to grow its market ... By comparison, Barclays' UK retail division pushed up ... The size of deposits placed with Barclays Wealth ... Elsewhere, Barclays Wealth reported a gain in client ... However, pre-tax profits at the private bank fell...
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Deutsche's wealth unit records inflows of €1bn
Deutsche Bank, Germany's largest bank, saw inflows of ... Despite the rise in new money, revenues at ... The bank said declines in revenues at asset ... "This adversely affected asset-based fees and performance fees,"...
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Wealthy seek deals in the Middle East
Despite the crash in oil and property prices, ... According to one intermediary: “When I bring them ... However, this means banks are getting opportunities to ... One banking source said: “Recent cases in the ... Barclays Wealth declined to comment on specific refinancings....
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Emerging markets – offshore centres’ new friend
Offshore financial centres might be feeling the heat ... Wealth managers in Switzerland, unofficially the world’s biggest ... Nasri Victor Malhamé, chief executive of Arab Bank ... Many Swiss private banks have increased their efforts ... Outside Switzerland, UBS and Credit Suisse have their...
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RBC strengthens link between wealth and investment bank with new hire
Royal Bank of Canada Wealth Management has appointed ... Wasim Afzal starts as manager in structured notes ... He reports to Phil Cutts, head of advisory ... Cutts said: “In this low interest rate environment,...
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EFG Private Bank appoints head of private banking
EFG Private Bank, the UK business of EFG ... Anthony Cooke-Yarborough joins the bank from Mourant Private ... He came to Barclays from Merrill Lynch, where ... In his new London-based role at EFG, Cooke-Yarborough ... Since the departure of Paul O’Donnell in November ... EFG International's group of private banking businesses currently...
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Structured solutions: the $1.5bn gold mine
Big-ticket mergers and acquisitions activity and huge emergency ... Deals done by structured solutions teams are some ... The essence of structured solutions is simple – ... However, the financial crisis has made its mark, ... Yet, while profits in some other areas are ... Deutsche Bank has been one of the pioneers...
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UBS eyes outsider to run broker unit
UBS, looking to strengthen its US wealth management ... The talks are part of a wider reckoning ... UBS chief executive Oswald Grubel and other executives ... Company executives haven't decided whether to bring in ... Hoekstra "continues to run our successful wealth management...
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France ponders tougher stance against Monaco
France is fast becoming one of the leading ... The French President, Nicolas Sarkozy, is leading the ... The Paris-based Organisation for Economic Co-operation and Development ... Sarkozy and Brown are calling for sanctions to ... As part of the crackdown, last month French...
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Pressure builds on bank secrecy
Alpine banking secrecy might be viewed by Washington, ... James Nason, a spokesman for the Swiss Banking ... The SBA and Swiss politicians are proud to ... This legislation, and Switzerland’s tradition of neutrality during ... More than 70 years after secrecy was introduced...
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Financiers buoy top end of London’s property market
Estate agents claim bankers are buying £1m-plus London ... Investment bankers from Goldman Sachs, Merrill Lynch, Barclays ... Estate agents said record second-quarter profits and hefty ... Tim Wright, a partner at estate agent Knight ... Roarie Scarisbrick, a partner at Property Vision, a...
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Private banks expect end to fragmentation
Switzerland has more than 150 private banking businesses, ... But that might be about to change. Private ... Ray Soudah, managing partner of wealth management M&A ... Soudah’s views are supported by those working in ... Big-name wealth managers such as Walter Berchtold, head...
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The funds that private banks prefer
Just when wealthy individuals thought it was safe ... Most investors are content to graze gently on ... Morgan Stanley Private Wealth Management tips the Nevsky ... Morgan Stanley also likes investmentgrade credit, preferring them ... In this sector, it tips BlueBay Investment Grade...
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SFO freezes Stanford assets at London banks
The UK Serious Fraud Office has obtained a ... According to a statement released today, the SFO ... The statement said that the funds were allegedly ... Richard Alderman, director general at the SFO, said: ... The freezing of assets follows news that Stanford ... US District Judge David Hittner listened to new...
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Investors ponder what price to put on beauty
“Art for art’s sake” was an adage dreamt ... The big prices paid for works of art ... During the same period, almost every other asset ... Craig Robins, a multi-millionaire Miami-based collector, said: “Approaching ... “People get excited by the headline auction figures...
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Is the worst now over for UBS?
When UBS persuaded Oswald Grübel to come out ... Having helped to define investment banking and credit ... Wealthy clients were closing their accounts at a ... Five months on from Grübel’s appointment, UBS has ... Pressure from the Swiss regulator has also forced ... But some analysts are starting to suggest the...
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Cheviot and Vestra move ahead in spite of crisis
Two rival UK boutique wealth management operations started ... Cheviot Asset Management, launched by Michael Kerr-Dineen and ... Cheviot Partners, its holding company, which also incorporates ... Vestra Wealth was launched by former UBS wealth ... As a result of their moves, UBS took...
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BofA Merrill sues ex-advisers over alleged dirty tricks
Bank of America Merrill Lynch is suing three ... The Bank of America Merrill Lynch complaint alleges ... The advisers - Peter Weitz, Steven Weitz and ... The legal claim, which was filed in the ... The complaint also accuses the trio of establishing ... Bank of America Merrill Lynch was not immediately...
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Evercore hires five in wealth push
US bank Evercore has made five hires to ... Evercore Wealth Management, which launched last autumn, has ... Charles Swindells, who was most recently a vice-chairman ... The two remaining partners have not been named ... Ralph Schlosstein, who was named chief executive of ... Evercore’s investment management unit made a pre-tax loss...
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Few roots for green shoots in London property
Since the wheels fell off London’s top-end residential ... Fourteen months after the market’s peak prices have ... High-end agent Knight Frank was bullish in last ... Liam Bailey, head of residential research at Knight ... Independent Knightsbridge-based consultant Charles McDowell has also become...
