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 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
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
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.
02/17/2012
RBC lashes out at Moody's over credit review
Royal Bank of Canada lashed out at Moody's Investors Service a day after the ratings giant announced a review of 17 international banks, including RBC, because of their exposure to stormy global financial markets.
02/15/2012
Credit Suisse Private Banking Introduces "Strategic Philanthropy: Guide to Evaluation"
It includes four issue briefs that illustrate how evaluation has been used for different program areas, as well as case studies of how different philanthropists have chosen to incorporate evaluation in their work.
02/15/2012
Harris myCFO offers strong dedication to advocacy in client wealth matters independent advice, and a transparent fee model.
02/15/2012
Institutional wealth manager to acquire SIBT's trust operations outsourcing unit
The acquisition represents a continuation of the strong growth RIS has experienced over the last seven years. The transaction is expected to close on March 31, 2012.
02/15/2012
I think I love you - so what's your net worth?
Decades of pop culture have cemented the notion that love conquers all – including money.
02/14/2012
Credit Suisse Named Best Private Bank Globally
Euromoney is a leading publication for the global banking and capital markets communities.
02/14/2012
The Euromoney Private Banking and Wealth Management Survey was first published in 2004, and is recognized as one of the leading benchmarks for the industry globally. The survey uses a peer ranking methodology.
02/11/2012
Warren Buffett: gold has no value
Berkshire Hathaway chairman and famous investor Warren Buffett has dismissed gold as a "valueless asset".
02/08/2012
Swiss Bank Wegelin Charged in U.S. With Aiding Tax Evasion
The indictment follows charges filed Jan. 3 against three Wegelin bankers accused of conspiring to help U.S. clients hide more than $1.2 billion in assets from American tax authorities. Wegelin announced on Jan. 27 that it agreed to a sale to Switzerland&
02/08/2012
The firm has $1.3 billion of assets under discretionary management.