All articles by Patrick Brusnahan
Patrick Brusnahan
Patrick is a senior reporter working on GlobalData's consumer finance titles. You can reach him at patrick.brusnahan@verdict.co.uk
RBC hires brokerage co-head for Asia
RBC Wealth Management has hired Joel Goh as managing director and co-head of brokerage and futures.
Pictet records profit in its first ever publicly released results
Swiss bank Pictet recorded, in the bank’s first ever publicly released results in their 209-year history, profits of CHF 203 million ($222 million) in the half year ended 30 June 2014.
Bank of America pays a record $16.65 billion in settlement fines
Bank of America (BofA) has reached a settlement with the U.S. Department of Justice over misleading investors in regards to loans. The fines will total a record $16.65 billion (£10 billion).
RBC hires asset management CEO
Royal Bank of Canada’s Global Asset Management arm (RBC GAM International) has appointed Clive Brown as its new CEO and managing director.
WealthInsight: New York is the world’s biggest billionaire factory
More than three in every hundred billionaires were created in New York according to a new research conducted by sister company WealthInsight and Spear’s Magazine.
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RBS preparing for Coutts sale
Coutts has opened up the books on its international unit, said sources close to the process. One added that it was still early in the process and that a beauty parade of advisors had not yet begun.
Standard Chartered appoints ASEAN head of private banking
Standard Chartered has hired Peter Kok as its ASEAN head of private banking from 18th August 2014.
Tilney and Bestinvest complete merger worth £9bn
The merger of Tilney, comprised of Tilney Investment Management and DB PWM Collective Management, and Bestinvest has been completed resulting in a UK private client investment group responsible for £9 billion of assets.
DBS first half profits reach SGD 2 billion
DBS, the Singapore-based bank, produced a record net profit of SGD 2 billion in the first six months of 2014, 9% higher than at the same point last year.
Chairman of Newtree sells four million shares
Chum Hon Sing, Executive Director and Vice Chairman of Newtree Group Holdings Limited, a Macau-based manufacturer and trader of hygienic disposables for households and clinical uses, has sold four million shares, representing 0.5320% stake in the company.