07/30/2012

China's banking sector faces increasing risks

As competition for deposits has intensified, Chinese banks — particularly small non-state-owned entities — have been rapidly expanding their WMP offerings, Fitch said in a report released on July 27.

07/30/2012

UBS confident in net new money despite challenges‎

In challenging conditions marked by increased volatility and greater client caution, UBS continued to execute its strategy and to deliver on its enduring commitment to clients, achieving pre-tax profit of CHF 951 million.

07/30/2012

Millionaires reach the million mark

And the report showed how Chinese individuals with more than 10 million yuan (€1.27 million) broke through the one million mark for the first time, up 6.3 per cent on 2011.

07/29/2012

More $$$ to manage

Citing a private bank in Europe, Lim said it had 32,000 high net worth customers in Malaysia as of September 2011 and the number is forecast to grow to 68,000 by 2015.

07/26/2012

Saverin helps boost Singapore's wealth‎

Saverin renounced his U.S. citizenship and officially became a resident of Singapore. He made the decision to do so last September, and the news came out when an Internal Revenue Service list was published April 30, causing much consternation, as it was r