Polar Capital targets financials with new launch 08:02 GMT London-based Polar Capital Holdings intends to launch a new London-listed close-ended investment company called the Polar Capital Global Financials Trust plc (PCFT) to take advantage of the new opportunities that have emerged in the banking and financial services sector in the aftermath of 2008’s global financial crisis.
Butterfield introduces ‘innovative’ deposit account 14/05/2013 Butterfield Private Bank has launched the Butterfield 25 Deposit, which the bank describes as an innovative six month, fixed-term deposit account that will give clients instant access to 25 percent of their initial deposit.
Vanguard enters Hong Kong retail market 08/05/2013 Vanguard, the mutual fund company, has launched its intermediary business in Hong Kong and announced plans to list its first locally domiciled product offering.
RBS reports increase in wealth profits 03/05/2013 RBS’s wealth division, which includes Coutts, has reported an operating profit before impairment losses of £61 million for the first quarter of 2013. This compares with £53 million for the same period last year.