All articles by PBI Editorial
PBI Editorial
Is Germany stabilising?
When one thinks of banking, and finance in general, Germany and its astute system is never far from consideration. With one of the longest histories in banking, dating back to the 15th century, even today it remains one of the highest leveraged countries in the world. Patrick Brusnahan speaks to two industry leaders on the current state of Germany’s private banking sector and how they see it progressing in the near future.
SocGen enjoys boost in its private banking arm
Societe Generale saw a 16% rise in their private banking arm’s revenue compared to this time last year.
Billionaire’s wealth sees 5.3% increase
Between July 2012 and June 2013, the number of worldwide billionaire’s has increased by 0.5 percent and their total wealth has risen by 5.3%.
Swiss banks must increase assets, KPMG
On average, Swiss banks need to increase their assets two-fold, according to a study by KPMG, a leading advisor for tax, audit and advisory services, writes Patrick Brusnahan.
Exclusive: ABN AMRO appoint Jos ter Avest as new CEO
ABN AMRO MeesPierson, the private banking arm of ABN AMRO in the Netherlands, has appointed Jos ter Avest as their new chief executive, Private Banker International can reveal.
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Criminal investigation for Deutsche Bank chief executive
Juergen Fitschen, the co-chief executive of Deutsche Bank, is being investigated due to a dispute regarding the collapse of the Kirch media conglomerate over a decade ago, writes Patrick Brusnahan.
SAC Capital to pay $1.8 billion insider trader fine
Steven Cohen’s Wall Street hedge fund, SAC Capital says it ‘takes responsibility’ for a ‘handful’ of insider traders within its firm.
Exclusive: Islamic and Ethical Investment
Islamic funds remain determined to push their ethical credentials, even if links to fossil fuel producers and expediency in relation to compliance serve to dull their green sheen. Paul Golden delves deeper into the booming world of Islamic finance.
Nearly half of wealthy investors are pessimistic after US government shutdown
According to PNC Financial Services Group, one of the leading US financial service organisations with $271 billion in assets, almost half of the US wealthy investors are losing confidence in their economy after the divisive government shutdown.
Exclusive: Guernsey to strengthen global position
At this time of year, many private banking institutions begin to look back on the last twelve months and look forward to the next twelve. Guernsey Finance, a leading international fiduciary centre, is no different. Patrick Brusnahan sits down with chief executive of Guernsey Finance, Fiona Le Poidevin, to discuss their future outlook for one of the worlds leading offshore tax heavens.