12/23/2012
A large number of high-net-worth (HNW) individuals in China are not satisfied with private banking services and look forward to tailor-made, innovative offerings, a survey that polled some 700 individuals across 29 cities in China revealed.
12/23/2012
Asia's wealthiest investors may lose some of their appetite for corporate bonds after getting burned in recent deals, analysts and bankers say, sowing caution in a market where issuance hit a record this year and hiking funding costs for riskier borr
12/20/2012
China is seeking to expand the economies of the western region faster than the country’s average in the five years through 2015, using policy incentives and investing in projects ranging from high-speed rail to eco-tourism.
12/20/2012
Wealthy Chinese are, on average, 16 years younger than their American counterparts.
12/20/2012
It could serve as a bellwether for sales of Christian-themed art in the burgeoning Chinese market.
12/19/2012
"We are proud to have been recognized by these prestigious awards, which reflect our consistent efforts to differentiate our brand and enhance our bond with consumers through extensive channels including social media."
12/19/2012
City-State Is Surging as a Center for Private Banking as More Chinese Seek a Home for Their Cash
12/19/2012
It’s not yet clear how many, and to what extent, others have defaulted. But analysts say that if more flop and generate headlines like the Hua Xia case, a crisis in confidence could ensue, sparking a run on the wealth product market.
12/18/2012
Most countries worry about brain drain. China is worried about millionaire drain
12/18/2012
But chairman John Morschel defended the scheme, which was packed by 95% of shareholders, said Mr. Smith's pay packet was "perfectly reasonable" given Mr. Smith's track record in steering Australia's third-largest lender by market
12/18/2012
Asia is an incredibly growing market for yachting
12/16/2012
CIC is "still not optimistic" about the debt crisis
12/16/2012
A host of other new products catering to this segment are also expected to be launched in 2013, mainly in the area of investment, insurance and deposits.
12/13/2012
Interest is growing among Asian families for such assets, with cities such as London proving hot destinations, something property firms are also responding to.
12/13/2012
Geary highlights the example of UBS AG, Switzerland's largest bank. It has recently announced that it is going to charge clients for the privilege of depositing cash balances in Swiss francs.
12/13/2012
Geary highlights the example of UBS AG, Switzerland's largest bank. It has recently announced that it is going to charge clients for the privilege of depositing cash balances in Swiss francs.
12/12/2012
The rankings reflected the remarkable growth of the ultra wealthy in the country.
12/12/2012
NAB's financial woes have largely been caused by losses from its troubled UK banking businesses
12/12/2012
Japan's biggest bank will buy Merrill Lynch's 49 percent stake in Mitsubishi UFJ Merrill Lynch PB Securities Co
12/11/2012
Melbourne-based accountancy firm moves into wealth management
The company will merge its financial planning group with its private client accounting