05/08/2014
The following commentary on the Group’s first quarter performance excludes the impact of the UK bank levy, estimated to be around US$350 million for the full year, and the Own Credit Adjustment. Unless otherwise stated, all comparisons will be made
05/08/2014
High networth individuals are making the best of the slowdown in home sales.
05/08/2014
Quarterly Profits at Asian real estate fund management company up 6%
The asset manager reported its first quarter earnings on Wednesday where net profit increased 6% year-on-year to S$17.8 million.
05/08/2014
Those that have launched wealth management and private banking programs for foreign customers have already withdrawn their business, and the others are postponing their plans.
05/08/2014
As Singapore's status as a wealth management hub continues to grow, more private banks are coming up with exclusive by-invitation-only credit or charge cards to woo the ultra high net worth individuals.
05/07/2014
New rules phasing out capital benefits received by ANZ, National Australia Bank and Commonwealth Bank from debt held on the balance sheets of their wealth subsidiaries are likely to dampen long-term returns
05/07/2014
HSBC, Europe’s largest bank, said first-quarter profit fell 20 per cent, as gains from asset sales dwindled and investment- banking revenue slipped.
05/06/2014
BS delivered a solid first-quarter performance despite a volatile operating environment. Every one of UBS's business divisions and regions was profitable, reflecting the firm's successful strategy and the strong positions it has created both fro
05/05/2014
Foreign banks exiting wealth management biz in India
Foreign banks are exiting the wealth management business in India as they find the market too small and unprofitable in the long run given the stiff regulations.
05/05/2014
Global citizenship is becoming popular among the world's ultra wealthy and an increasing number of super-rich from Asia's two giants China and India are likely to trend this path in the coming years
05/05/2014
Leading ME bank Launches Global Wealth Management Service In Singapore
One of the leading banks in the UAE is expanding its Consumer Banking Group services globally, and has announced that it is now offering its Global Wealth Management Service in Singapore.
05/05/2014
CEO behind potential merger talks on deal
Vow Financial chief executive Tim Brown has confirmed wealth management company Yellow Brick Road's ASX report regarding market speculation.
05/05/2014
A review of NAB Wealth's Navigator platform has revealed that the bank made a mistake when calculating compensation to 43,000 clients in 2012.
05/05/2014
Rantall said that financial planning will continue to be in the front pages of the newspapers
05/02/2014
India: Private wealth managers a divided lot on election play
Whether or not to take the plunge into equities ahead of the election results is the dichotomy facing private wealth managers.
05/02/2014
Having breached the 10,000 mark for the number of companies at the end of 2013 to 10,638, Labuan International Business and Financial Centre is hopeful of growing the number further by 9% by the end of this year.
05/02/2014
Certitude Global Investments has handed BNP Paribas Securities Services a key mandate.
05/02/2014
US-based wealth management giant closes financial planning division in India
The spokesperson clarified that only the financial planning arm of the company was being shut down
05/01/2014
Wealthy Chinese investors stage protest over trust default
For millennia China’s poor and downtrodden have taken their grievances to the capital to seek redress from their rulers.
05/01/2014
ANZ wealth division profits up 11%
ANZ Smart Choice Super now has over 270,000 customers