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
Westpac expands Asia private banking team
Westpac banking Corporation has appointed Francis D’Souza as their head of Westpac private bank in Asia.
Standard Chartered struggles in tough environment
Standard Chartered, the UK bank which reported its first drop in full year profits in a decade in March, saw another drop in profits in the first quarter of 2014.
Coutts preparing for US tax inquiry hit
Coutts & Co have set aside CHF 112 million (approximately £75 million) for exceptional items which may include fines as a result of the US investigation regarding tax evasion.
SGPB records 5% rise in revenue
Société Générale Private Banking (SGPB) saw revenues rise 5%, compared to the same period last year, to reach 207 million in the first quarter of 2014. The rise was mainly attributed to the activities in France and the United Kingdom.
HSBC profits fall 20% in the first quarter
HSBC’s pre-tax profit has dropped by 20%, from $8,434 million to $6,785, in the first quarter of 2014 compared to the same period in the previous year.
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Switzerland and many more commit to global information exchange
Switzerland, the world’s largest offshore financial centre, with $2.2 trillion in offshore assets, has committed to automatically share information regarding foreign bank accounts to other countries as part of a new global standard for information exchange.
Exclusive: HNWI Analysis – Real Estate
PBI has drawn on WealthInsight’s research to analyse a specific industry which plays a major part in driving high net worth wealth creation. This month, PBI looked at the real estate sector in Hong Kong, China, Australia, the United Kingdom and Singapore.
Arbuthnot Latham expands senior team
Arbuthnot Latham, the London-based private banking and wealth management arm of Arbuthnot Group, have hired Simon Reynolds as their senior chartered financial planner.
UBS’ beats predictions and records rise in pre-tax profit
UBS saw a 7% rise in profit before tax, from CHF 988 million, in the same period last year, to CHF 1.05 billion in the first quarter of 2014.
Barclays’ wealth arm records 15% loss in pre-tax profit
Barclays Wealth and Investment Management saw their profit before tax decrease by 15%, compared to the same period last year, to £51 million.