09/14/2018
The discussion, which took place in Singapore on an off-the-record basis, provided a forum for wealth management peers to debate their approaches to the current state of the global economies and financial markets.
09/12/2018
Falling markets tend to lead to less trading as clients become more risk averse, and also reduce the net interest income and fees the bank is able to generate as investment volumes and deposits go down.
09/12/2018
HSBC’s global private banking business manages $330 billion worth of clients assets, and Asia accounts for 39 percent of the total, making it the single largest market for the bank.
09/10/2018
The result, he explains, will be continuing volatility and more of the vulnerable borrowers exposed to default, with a more negative impact and sentiment for the emerging markets.
09/06/2018
This is a sharp acceleration from 2016, which saw only 3.5% growth of this population, reflecting more favorable conditions for wealth creation, despite volatile geopolitics.