08/25/2014
Bank of Chongqing Announces 2014 Interim Results
Net Profit Increased 18%, Ranked High among Listed PRC Banks
Retail Banking
08/25/2014
Centrepoint Wealth posts $11 million turn-around in profit
Centrepoint Alliance has posted an $11 million turn around in after tax profit in the last 12 months reporting a $3.3 million profit for the past financial year up from the $7.8 million loss reported in the 2012-13 financial year.
08/22/2014
RBC reports record Wealth Management net income
Wealth Management net income was a record $285 million, up $52 million or 22% compared to last year, mainly due to higher average fee-based client assets across all businesses resulting from capital appreciation and net sales
08/21/2014
AMP profit falls 3 percent as restructure costs wipe out earnings gains
In wealth management, operating earnings for 1H 14 were up 16 per cent compared with 1H 13, reflecting increased investment related income from higher customer account balances, a strong rebound in net cashflows and good cost control in a growing business
08/21/2014
Korea’s asset managers’ net profits soar 51.8%
Korean asset managers saw their net profit soar 51.8 percent in the first half of the year from a year earlier due to a rise in returns from stock investment
08/19/2014
Hong Kong’s Value Partners sees explosive first half growth
The growth momentum of AUM appears to have been sustained going into the second half of the year. Improvement in fund performance and net sales sent the group’s AUM to an all-time high of US$10.7 billion as of the end of July.
08/18/2014
NAB lifts earnings to $1.6 billion
The update, released on the Australian Securities Exchange (ASX) today also pointed to a stronger performance by the bank’s wealth management division.