02/24/2012
Canada’s biggest bank might be getting even bigger
RBC said to be close to Dexia venture buyout
Wealth and Asset Management
02/23/2012
Luxury Home Values Stable in Fourth Quarter of 2011
First Republic Bank produces the Prestige Home Index each quarter with Fiserv CSW Inc., a leading provider of automated property valuation services and home price metrics to U.S. financial institutions.
02/23/2012
BNP Paribas CIB sells North American reserve based lending business
This transaction comprises $9.5 billion of total loan commitments, including $3.9 billion in funded balances as of December 31, 2011. All of the 36 people currently working in this business in Houston and Calgary will be offered employment at Wells Fargo.
02/23/2012
Morgan Stanley veterans plan advisory boutique
The new boutique – Dean Bradley Osborne or DBO Partners – plans to hire aggressively, not only from Morgan Stanley but from other Wall Street banks
02/23/2012
AXA Advisors Awards top honor to 100-year-old agent
These honors recognize leadership, sales performance and service. He is also a life member of the Million Dollar Round Table, an international association of leading financial professionals recognized as the standard of excellence in the life insurance in
02/23/2012
MPACT Financial Establishes Itself as an Independent Wealth Management Company in Dallas
MPACT helps individuals, families and business owners manage risk in all phases of investing with an exclusive focus on Retirement Strategies, Estate Conservation and Business Succession Strategies.
02/22/2012
HSBC To Overhaul UK Bonuses
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
Chastened UBS uses 150th events to polish image
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
Dominique Strauss-Kahn questioned as 'pimp' suspect
The 62-year-old ex-Socialist minister was seen as the frontrunner to replace Nicolas Sarkozy as president of France until his arrest last May on rape charges on a New York maid – later dropped.
02/22/2012
Asset International to Launch Philanthropy Management in March 2012
Focused on the financial, operational and strategic services that support sustainable giving - the 'how' of modern philanthropy
02/22/2012
Cayman takes aim at Bermuda
Last night, Premier Paula Cox responded to his comments by stating that Bermuda was known as the risk capital of the world and was working to extend its lead while Cayman was trying to close the gap.
02/22/2012
Bank of America Merrill Lynch Wealth Management Boosts Recruiting Deal For Top Brokers
Bank of America Merrill Lynch Wealth Management unit has tweaked its recruiting deal to attract financial advisers from competitors, offering bigger upfront cash payments as well as an extra client-asset incentive to a larger pool of top-tier brokers, acc
02/21/2012
Canaccord Financial Inc. appointment of Nominated Adviser and joint Corporate Broker
Canaccord Financial Inc. (TSX: CF, AIM: CF.) is pleased to announce the appointment, with immediate effect, of RBC Europe Limited, trading as RBC Capital Markets, as its Nominated Adviser and joint Corporate Broker.
02/20/2012
Report: Humans Are Done Trading, It's Time For The Rise Of The Machines
A group of professors and researchers got together to think out exactly what that means.
02/20/2012
US retail banking groups are harmonizing UHNW business
The US wealth management market benefits from the vast scale of many industries that are global leaders, including the pharmaceutical, aerospace, technology, and defense industries.
02/20/2012
Islamic wealth industry grew 15pc-20pc over the past decade
The Islamic funds industry has grown sharply over the past decade thanks to the growing number of institutions structuring products as Shariah-compliant alternative investments.
02/20/2012
Citigroup to Let Managers Take Stakes in Its Hedge Funds as Volcker Looms
Havens and Chief Executive Officer Vikram Pandit, 55, are seeking to replace the company’s cash in CCA with funds from outsiders as regulators draft the Volcker rule’s final language.
02/20/2012
Bank of America CEO gets no bonus and a salary freeze
The bank is holding Moynihan’s salary at $950,000, said the person, who spoke on condition of anonymity because the Charlotte, North Carolina-based bank hasn’t yet announced his pay package.
02/17/2012
Stifel reports 16th consecutive year of record net revenues
For the year ended December 31, 2011, the Company reported record net revenues of $1.42 billion, which represents the 16th consecutive year of record net revenues.
02/17/2012
A $2 billion, 69-year-old Merrill Lynch advisor passes up the gold watch in favor of breaking away
They will open their office at the end of this month in Milford, Conn., and three support staff members will join the group, which manages about $2 billion in assets.