Assets rise at HNW financial planning and platform group 18/11/2015 IFG Group, the parent company for high net worth financial planning and investment advice firm Saunderson House and retirement wealth planning platform James Hay, has reported a 14 percent increase in assets under advice and administration since the start of 2015.
HSBC's private banking profit halves 02/11/2015 HSBC’s global private banking business has reported a pre-tax profit of $261 million for the nine months to 30 September 2015. This represents a year on year drop of 52.9 percent.
Historic Swiss private bank placed in bankruptcy by regulator 26/10/2015 The Swiss regulator has initiated bankruptcy proceedings against Bank Hottinger & Cie Ltd. The Swiss Financial Market Supervisory Authority (FINMA) said it had taken this step as the historic Swiss bank was “at risk of becoming overly indebted.”