All articles by Valentina Romeo
Valentina Romeo
HSBC to sell part of its global private bank: reports
HSBC has refused to comment on rumours it is putting another part of its global private bank up for sale.
Professional bodies call for global taxpayer charter
Three professional bodies have called for a model taxypayer charter of taxpayer rights and responsibilities to promote greater fairness in worldwide taxation.
UHNW clients increase insurance cover for high end art as values soar: Stonehage
Wealthy individuals and families have increased their insurance cover for high end art assets as works at the high end of the market have soared in value, Stonehage Group revealed.
HSBC net operating income drops 46% year-on-year
HSBC global private banking division reported net operating income of $437m in the first quarter 2013, dropping 46% from $787m in the fourth quarter of 2012 and $820m the same period last year.
BNP Paribass wealth and asset management unit pre-tax income up 3.7%
BNP Paribas wealth and asset management division reported a rise in its first quarter pre-tax income to 197m ($258m) up from 190m in the same quarter last year.
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Digital marketing as a major influencer for wealthy purchases: Scorpio
Banks’ digital marketing can be the major influencer for wealthy clients and their loyalty to the brand, according to a study released by SEI, Scorpio Partnership, and Standard Chartered Private Bank.
Cazenove Capital opens Hong Kong office
A month on from its sale to Schroders, Cazenove Capital has opened its Hong Kong office after receiving its licence from the Securities and Futures Commission.
Santander Q1 Global Private Banking attributable profit down 14%
Santanders global private banking unit reported attributable profit of EU41m ($53.6m), 13.5% less year-on-year in the first quarter of 2013.
Credit Suisse posts 16% Q1 pre-tax rise
Credit Suisse’s wealth management business reported pre-tax income of CHF511m in the first quarter of 2013, a 16% year-on-year rise, with net revenues of CHF2.3bn.
FCA fines EFG Private Bank £4.2m for AML failings
The UK Financial Conduct Authority (FCA) has fined EFG Private Bank £4.2m ($6.4m) for serious shortcomings in its anti-money laundering (AML) controls for high risk customers, the first fine handed out by the new regulator.