08/15/2012
The Asia-focused bank agreed to a fine of $340m and to allow monitors and examiners of his choice reporting to the New York State department of financial services to be installed in its New York branch to ensure it is abiding by anti-money laundering legi
08/14/2012
Shave off £5.8bn and set to bake for one week. Take out of oven right before courtroom hearing. Serve cold to investors.
08/13/2012
There is a no-holds-barred offensive to run each other down, accusing the other side of bias and conspiracies
08/13/2012
Their motto is risk management über alles. These funds—though they are loath to admit it—are driven by risk management much more than by fundamental ideas.
08/12/2012
Peter Sands, the chief executive of Standard Chartered and until last week the High Priest of banking virtue, must be wondering what he's done in a previous life to deserve the attentions of Benjamin Lawsky.
08/09/2012
The new reality for wealth managers will be characterised by lower margins, increased costs and client caution.
08/08/2012
Many global organisations can do a lot more to protect their private data and reduce exposure to attacks by hackers, according to KPMG.
08/07/2012
In his book The Origin of Species, Charles Darwin laid out his theory of evolution, in which he theorized that effective adaptation to their environments led certain organisms to survive and flourish, while those that did so less well fell by the wayside
08/07/2012
The index is not perfect and the relationship does not hold in reality because of a number of factors, but it is useful in highlighting big anomalies. Thus on a light-hearted look, Big Macs are now cheapest in Hong Kong and cost less in London than Zurich
08/07/2012
I'm now left more convinced than ever that US politicians and regulators have a hidden objective in exposing the wrong-doings of UK banks.
08/05/2012
A Colombian necktie wasn't a piece of clothing, but a gruesome execution method. When I was 7 years old my barber was murdered in his shop, apparently over a drug deal.
08/02/2012
It’s not your imagination, says Rakesh Malhotra, a longtime COO who has worked in Asia, East Europe and United States and led cross-cultural diverse teams.
08/02/2012
From changes in channels, payments, sales culture and product profitability, bank marketing teams have the opportunity to be more relevant and plugged in than ever. And that means, goodbye free toasters, hello leading the sales-and-service charge.
07/31/2012
Meredith Whitney appeared on Bloomberg Surveillance with Tom Keene and Scarlet Fu and said that the banking industry will lose 50,000 more jobs as companies shrink headcount to match revenue.
07/31/2012
Asia remains the most popular destination for expatriates
07/31/2012
Similarly there is insufficient planning for the personal financial management that follows the transition from a business-derived income to a retirement income. While division of the estate may be thought out, often the management of retirement income is
07/30/2012
Over the last month we have presented our latest thoughts on the global economy and financial markets to a number of intermediaries and contacts across the UK. In this month's View from Psigma we have collated the key questions that we were asked (an
07/26/2012
That seems to be the feeling of Richard Kovacevich, the former chairman and CEO of Wells Fargo. "Why this concept that investment banking is risky?" Kovacevich asked the Wall Street Journal on Wednesday. "Investment bankers are risky, not i
07/25/2012
Key to Investing Success: Staying Abreast of Market Conditions While Focusing on Long-Term Goals
07/24/2012
Here’s the bottom line from the outspoken analyst: Wells Fargo is the best run bank in the country because it doesn’t dwell much on customer service.