02/27/2012
HSBC Profit Surges 28%
The year-over-year improvement was primarily led by strong performance by the Commercial Banking and Retail Banking and Wealth Management segments
02/27/2012
The year-over-year improvement was primarily led by strong performance by the Commercial Banking and Retail Banking and Wealth Management segments
02/24/2012
Sarasin is looking to distance itself from NZB, one of at least 11 Swiss banks targeted in the second wave of a U.S. tax probe also targeting Credit Suisse and Julius Baer .
02/24/2012
Australian Islamic fund manager Crescent Wealth has partnered with US Islamic fund manager Saturna Capital to manage its soon to be launched international equity fund.
02/24/2012
Ever since Deng Xiaoping opened Chinese doors to the world decades ago, the US has forged an important, if sometimes politically contentious, business relationship with China.
02/22/2012
HSBC, which will report its full-year results for 2011 next Monday, is to issue tens of millions of pounds in new shares to cover any bonuses of more than £50,000 awarded to UK-based employees, people close to the bank tell me.
02/22/2012
The bank has been back in the headlines for the wrong reasons this month after it posted poor results for the last three months of 2011 and over its involvement in a global inquiry into a conspiracy to manipulate interbank lending rates.
02/22/2012
The investment vehicle will be comparable to the existing 73.07 billion Australian dollar (US$78 billion) Future Fund set up by the Commonwealth government in Canberra, which covers public pension liabilities, state Premier Colin Barnett said.
02/22/2012
The bank has enjoyed a sweetheart, 10-year lease on space in Two International Finance Centre, which dominates Hong Kong's Victoria Harbour skyline, in a deal struck when the city was staggering from one of its worst economic crises.
02/21/2012
The decision to explore limited or scaled-advice options stemmed from demand by the company's bank customers for Bendigo and Adelaide Bank's low-cost super offering, SmartStart Super, Tullio said.
02/21/2012
ANZ CEO Mike Smith said the soft wealth performance is a sector-wide issue.
02/21/2012
UBS AG’s Global Family Office division aims to begin serving 25 clients in Asia this year, with assets of at least $200 million each, Amy Lo, managing director and head of ultra-high net worth, Asia-Pacific, told journalists in Singapore today.
02/21/2012
Deposits in foreign banks, paintings, sculptures and expensive watches may come under the wealth tax net as part of the government's drive to unearth black money.
02/21/2012
The new study finds that the rapid growth of the number of ultra-high net worth individuals in Asia – with for example, China having the second highest concentration of billionaires in the world— coupled with the upcoming intergenerational tra
02/20/2012
The change brings Singapore's tax treatment of investment-grade gold and other precious metals in line with the practices of other developed countries such as Australia and Switzerland, he said.
02/20/2012
Nearly 40 team members from Wells Fargo’s International group will be based in the new branch, located at Marunouchi Trust Tower Main 24th Floor, 1-8-3 Marunouchi, Chiyoda-ku, Tokyo, Japan.
02/20/2012
Three Months to 31 December 2011 - solid performance; continued focus delivery of super regional strategy
02/20/2012
BMO Deepens Commitment to China with Strategic Investment in COFCO Trust Co.
02/20/2012
Asian bankers are expecting their bonus payouts over the next few weeks
02/17/2012
At the same time, deposit growth at Chinese banks last year slowed to 12.7 percent after rising 20 percent in 2010, central bank data show.
02/17/2012
India has for decades been the world’s largest gold market, but in the final quarter of 2011 demand tumbled by almost half from a year earlier as a collapse in the value of the rupee made gold more expensive for Indian buyers.