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Bafin warns Zurich Private Capital Group

By: Ridhima Sharma | 18 Jul 2018

The Federal Financial Supervisory Authority (Bafin) has warned the Frankfurt-based financial, which has been engaged in illicit business. The Group has no license under Article 32 German…

More wealthy Australians seeking financial advice: report

By: Pedro Goncalves | 18 Jul 2018

Around 2 million Australians sought financial advice in the 12 months to May, accounting for more than 27% of the total wealth management market, according to a…

Evli pushes distribution to Middle East

By: Christopher Copper-Ind | 16 Jul 2018

Finnish manager Evli has struck a deal with Market Securities, which will see the latter’s Cross Asset and Structured Solutions teams promote and distribute Evli’s credit, equity…

Credite Agricole rebrands private banking service

By: Pedro Goncalves | 05 Jul 2018

Indosuez, the global wealth management arm of French banking group Credit Agricole, has renamed Credit Agricole Private Banking Services as Azqore. Credit Agricole Private Banking was set…

Two Swiss private banks merge

By: Gary Robinson | 04 Jul 2018

Gonet & Cie SA and Mourgue d’Algue & Cie, two private banks based in Geneva, have decided to merge and entre a new phase of development in…

Commonwealth Bank to demerge its $500m-a-year wealth arm

By: Pedro Goncalves | 25 Jun 2018

The Commonwealth Bank (CBA) has announced that it will demerge its wealth management and mortgage broking businesses, which will result in the creation of an independent wealth…

LatAm banks in race to harness the potential of fintech: report

By: Christopher Copper-Ind | 12 Jun 2018

Latin American banks are engaged in a fierce race to harness the potential of fintech and deliver digital banking services to a mass client base, according to…

Standard Chartered applies for virtual banking licence in Hong Kong

By: Christopher Copper-Ind | 12 Jun 2018

Standard Chartered is to set up a digital banking operation in Hong Kong, seeking to take advantage of new rules by the Hong Kong Monetary Authority on…

US regulators ramp up scrutiny into UK financial services firms

By: Christopher Copper-Ind | 06 Jun 2018

Data from the UK’s Financial Conduct Authority (FCA) appears to show that American watchdogs are dramatically increasing their investigations into executives at financial services firms in Britain,…

BNY Mellon and Deutsche Bank launch information chatbots

By: Christopher Copper-Ind | 05 Jun 2018

BNY Mellon and Deutsche Bank today announced the integration of their chatbots built on the Symphony platform which will result in a more seamless flow of information…

CBA sells $500m Chinese life insurer stake

By: Gary Robinson | 24 May 2018

The Commonwealth Bank of Australia (CBA) has said that it is selling its 37.5% take in a Chinese life insurer to Japan’s Mitsui Sumitomo Insurance Co for…

Egypt’s economic outlook ‘fundamentally optimistic’: HSBC

By: Christopher Copper-Ind | 23 May 2018

HSBC is “fundamentally” optimistic on Egypt’s near-term outlook, the international banking group’s chief economist for Central and Eastern Europe, Middle East and Africa Simon Williams said at…

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