Wealth Business
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Comment: Credit Suisse results underline hiring spree
If you want a job in the financial services sector then best choose private banking.
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Sants defends FSA staff from 'out of touch' accusations
The chief executive of the UK’s Financial Services Authority has rebuffed criticism that the regulator is staffed by “out of touch bureaucrats”, after again admitting regret over the flawed supervision of Northern Rock ahead of its collapse last year.
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Japan funds outperform in second quarter
Japanese equities funds outperformed all other asset classes in the second quarter after a long period of disappointing returns from the asset class, according to data published today.
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Rathbone profits tumble 27% on trust disposals
Rathbone Brothers, the 266 year-old asset manager, suffered a first-half profit slump of 27% after announcing it would sell its Singapore and Jersey-based units.
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Credit Suisse cuts quarter of risky assets
Credit Suisse's investment banking division returned to profit in the second quarter with a substantial reduction in writedowns and a 27% decline in its exposures to leverages loans, commercial mortgages and other risky assets.
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Private jet backlog buoys the industry
The backlog of private jets, with orders until 2015, is set to keep the industry buoyant despite some corporations being forced to cut back on flights.
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Nippon Life takes stake in Russell Investments
Nippon Life, Japan’s second-largest life insurance company, has acquired a 5% equity stake in Russell Investments, a multimanager specialist investment consultant that has been rocked by turnover at senior levels of the business.
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Credit Suisse 2Q Net Slips But Bests Views By Far
Credit Suisse Group Thursday said quarterly net profit slid because turmoil roiling financial markets took a heavy toll on its investment banking business, but recorded far more buoyant earnings than expected by analysts.
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Carlyle Group invests $75m in Boston Private
The Carlyle Group will invest $75m (€48bn) in wealth manager Boston Private Financial Holdings after Carlyle's financial services team last month stressed the importance of private equity as an untapped pool for struggling financial institutions.
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Affiliated Managers invests in two investment managers
Affiliated Managers Group, a $254bn (€161.9bn) asset management business, has taken stakes in two investment managers following a record first half for merger and acquisition deals in the sector powered by minority investments.
Private banking »
- Comment: The rich like Julius Baer
- Julius Baer scraps chief executive position, reports first half results
- Banque Syz looks to enter Spanish private banking sector
Advisers »
- Bahrain family office seeks AIM listing
- France ponders professional investment exams
- European family office market ripe for growth – report
Asset managers »
- France ponders professional investment exams
- Cuomo readies UBS civil suit
- Comment: The rich like Julius Baer
Client concerns »
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Brummel
From Stoke Park with love
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Rich Monitor
Will Smith tops Hollywood earnings list with $80m payout
Will Smith has emerged as Hollywood’s top earner, earning a massive $80m (€51m) last year, new figures compiled by Forbes have shown, according to a report in New York Daily News.