Another look at HSBC's wealth management activities 27/02/2015 The activities of HSBC Global Private Banking (GPB), and in particular its Swiss operations, have dominated the headlines during February, especially in the general media. But GPB does not comprise the sum total of HSBC’s wealth management activities. Nor is it necessarily the most important, especially in terms of revenues, profits and client assets under management.
Who is the new power behind the throne at Coutts? 26/02/2015 The future of Coutts, at least for the near-term will be very much in the hands of a top RBS executive, Donald Workman, the 2014 earnings announcements from the bank make clear this morning.
Franco/US tie up for two asset managers 11/02/2015 La Française, a French multi-class asset manager is to take a 49.9 percent interest in Alger Management, an affiliate of Fred Alger Management, a US asset management firm with about $22 billion under management.
Have HSBC's Republic National and Safra Republic acquisitions destroyed value? 10/02/2015 thewealthnet is not one of the 50 media outlets around the world that received copies of the thousands of pages of HSBC client data along with the International Consortium of Investigative Journalists, the Guardian and the BBC from Le Monde, a French newspaper. So it is unable to establish both the nature and provenance of the claims that HSBC helped its Swiss private banking clients to evade tax or launder money. More information will almost certainly come to light in the plethora of legal actions that are either ongoing, or will almost certainly be unleashed as a result of the information contained in the documents.