Restructuring hits RBS's third quarter private banking profit 08:01 GMT RBS’s private banking division, which includes Coutts, has reported a drop in operating profit. For the third quarter ended 30 September operating profit £64 million, down nine percent. The bank said this was “principally due to higher restructuring costs.”
Close Brothers identify South West's oldest family businesses 08:01 GMT 500 year old RJ Balson & Son has been named the oldest family firm in the South West in a new report launched by Close Brothers Asset Management (CBAM) and Family Business United. The ‘Oldest Family Businesses in the South West’ report has also identified the 31 oldest family businesses in the region, with a collective trading period of 6,143 years, or an average of 198 years each.
Latin America's HNWIs are the wealthiest on average, with numbers set to rise - Julius Baer Wealth research 13:59 GMT With $13.5 million per head compared to Europeans’ $3.3 million, Latin American high net worth individuals (HNWI) are on average far wealthier than those in other regions, according to Julius Baer’s inaugural ‘Industry Report Latin America’. It is predicted that Latin America’s prominence in this field will grow, too, with the number of ultra high net worth individuals (UHNWI) expected to increase by 42 percent until 2023.
Raymond James reports record fourth quarter results 30/10/2014 Raymond James Financial has seen its quarterly net revenue and quarterly net income reach record highs of $1.29 billion and $136.4 million respectively. The increase of $0.94 per diluted share covers the fiscal fourth quarter ended 30 September.