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HSBC steps up hiring to cash in on Asian goldmine

By: Pedro Goncalves | 18 Sep 2018

HSBC is planning to add over 1,300 new positions across Asia by 2022 to cash in on the region’s growing high-net worth wealth goldmine. HSBC will add…

Absa launches ultra-HNWIs strategy across Africa

By: Christopher Copper-Ind | 17 Sep 2018

Absa is moving beyond its South Africa core market and launching tailor-made products aimed at ultra-HNWIs as part of a new Africa-focused strategy. The move is part…

Swiss regulator raps Credit Suisse for anti-corruption failings

By: Pedro Goncalves | 17 Sep 2018

In a blow to the bank’s reputation, Credit Suisse has been censured by the Swiss financial watchdog for failings in anti-money laundering cases involving the world football…

Lehman ten years on: Industry reflects on hard lessons and future challenges

By: Pedro Goncalves | 14 Sep 2018

A decade ago this last weekend Lehman Brothers crashed into bankruptcy in the biggest corporate failure in history. The ensuing crisis reshaped financial markets, economies and politics…

Citigroup plans to nearly double Brazil-focused private-banking team

By: Pedro Goncalves | 13 Sep 2018

Citigroup plans to almost double the number of private bankers serving wealthy Brazilians over the next two years as competition for that business intensifies and tax-amnesty programs…

HSBC Singapore to roll out new banking solutions

By: Christopher Copper-Ind | 12 Sep 2018

HSBC Singapore is widening its education proposition through the imminent launch of several banking solutions. The move comes as an HSBC global report – also released today…

JPMorgan to set up Luxembourg wealth management unit in Brexit move

By: Pedro Goncalves | 12 Sep 2018

JPMorgan is shifting some of its wealth management operations from London to Luxembourg in anticipation of the UK leaving the EU. Some investment banking and corporate banking…

DBS launches wealth chat service using WhatsApp and WeChat

By: Pedro Goncalves | 11 Sep 2018

DBS Group, South-east Asia’s largest bank, unveiled a service that will allow wealthy clients to interact with their managers on WeChat and WhatsApp. DBS’ Wealth Chat is…

Julius Baer makes eight senior hires in UK push

By: Pedro Goncalves | 10 Sep 2018

Julius Baer International has made eight new hires in London and Leeds in a bid to further grown its UK operations. Seven of the recruits of the…

UK tops overseas cash inflows despite Brexit: Knight Frank

By: Gary Robinson | 10 Sep 2018

The UK tops overseas inflow of overseas deposits by ‘some margin’, according to the updated six months statistics within Knight Frank’s wide-ranging wealth report. The level of…

Credit Suisse chief denies he will run in Ivory Coast election

By: Pedro Goncalves | 07 Sep 2018

Tidjane Thiam has announced that he will not leave Credit Suisse to run for president in his native Ivory Coast after after speculation that he could be…

HSBC to launch ‘first-of-a-kind’ digital branches across UAE

By: Christopher Copper-Ind | 04 Sep 2018

HSBC’s Middle East division is planning to open several digital branches across the UAE to better cater to the needs of its tech-savvy clients, the international bank…

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