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Advice demand soaring in Australia despite trust issues

By: Pedro Gonçalves | 14 Nov 2018

Trust in financial planners and banks is at a record low due to the bad behaviour revealed in the financial services royal commission but Australians still want…

Schroders expands footprint in South Africa

By: Pedro Gonçalves | 13 Nov 2018

Schroders will now offer global investment services directly to South African clients as it has been granted a Category 1 Financial Services Provider (“FSP”) licence. As well…

HSBC in talks to return to Brazil

By: Pedro Gonçalves | 12 Nov 2018

HSBC is speeding up negotiations to return to Brazil only three after the lender sold most of its operations in the country as Bolsonaro’s recent victory in…

Julius Baer opens in South Africa

By: Pedro Gonçalves | 09 Nov 2018

Swiss private bank Julius Baer announced that it will expand its presence in South Africa with an advisory office based in Johannesburg. The news comes after another…

Credit Suisse pulls out of South Africa in global revamp

By: Pedro Gonçalves | 08 Nov 2018

Credit Suisse has pulled out of South Africa after more than a decade in the country. According to a report by Reuters, the move forms part of…

State Bank of India plans to open wealth hubs in 50 centres by 2020

By: Pedro Gonçalves | 05 Nov 2018

SBI has plans to expand wealth hub footprint to 50 centres by 2020 as the state bank tries to tap into the country’s growing number of HNWIs. State…

Westpac commits to wealth management as rivals offload

By: Pedro Gonçalves | 05 Nov 2018

Westpac has pledged to stay committed to key areas of the wealth management sector, such as by providing insurance and investment platforms, in contrast to its major…

Australia targets offshore banking units

By: Pedro Gonçalves | 02 Nov 2018

Under pressure from international organisations, the Australian government has flagged that it is getting ready to reform the concessionally-taxed offshore banking unit (OBU) regime, a move that…

Nedbank targets West Africa growth with new venture

By: Pedro Gonçalves | 01 Nov 2018

Nedbank is partnering with EcoBank Transnational in a wealth business expansion push into West Africa to target a region that has seen a steady rise in economic…

Credit Suisse 3Q results put bank back on course for annual profit

By: Christopher Copper-Ind | 01 Nov 2018

Switzerland’s second-largest bank published its 3Q results today, and revealed a jump in pre-tax income of €589m, a rise of 38% on the same period last year.…

UK strikes Brexit deal on financial services: report

By: Pedro Gonçalves | 01 Nov 2018

Theresa May is reported to have struck a “tentative deal” with Brussels that would give the UK’s financial services sector continued access to European markets after Brexit.…

Cayman’s offshore banking sector dropped in 2017

By: Pedro Gonçalves | 31 Oct 2018

Offshore banks reported losses of $1bn last year, an improvement of the $2bn of net losses in 2016, according to the Cayman Islands Monetary Authority’s 2017 banking…

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