- Bankers warn of long crisis as rich seek comfort
LONDON (Reuters) - Private banks are telling their clients financial volatility surrounding Europe's debt crisis will continue for at least a year as more of the continent's rich seek the comfort of...
- Brokerages cut down on novice hires, turn to experience
NEW YORK (Reuters) - As brokerages search for ways to grow in a tight economy, many firms are cutting back on new adviser training programs and instead investing in experience.
- Private banker pay holds up in tough market
ZURICH (Reuters) - Stiff competition for top private bankers has kept a floor under pay even as low interest rates, flaccid client trading and tougher regulation squeeze industry profit margins.
- Bessemer goes on defense, on pace for best year
NEW YORK (Reuters) - Portfolio managers at Bessemer Trust, financial adviser to ultra-wealthy U.S. families, took an extremely defensive posture a few weeks ago amid some of the most volatile...
- Private bank clients urged to avoid U.S. securities
GENEVA (Reuters) - Some Swiss bankers are advising clients to steer clear of U.S. securities ahead of a new law that would tax people with over $50,000 invested in stocks or bonds of U.S. companies...
- Rivals see UBS holding on to clients after trading loss
GENEVA (Reuters) - Rich clients of Swiss bank UBS have not yet moved their millions to other banks after its $2.3 billion trading scandal last month, rival private bankers said.
- BlackRock launches first retail alternative funds
NEW YORK (Reuters) - BlackRock Inc is launching its first alternative mutual funds for retail investors.
- Swiss banks steer clear of consolidation
GENEVA (Reuters) - Swiss private bankers say a capital shortfall in the financial sector and a clampdown on tax evasion stand in the way of much-need consolidation in an industry battling rising...
- Swiss banks tout stability and secrecy to lure rich
GENEVA (Reuters) - Switzerland's banking industry is relying on its stability and expertise to ensure it has a bright future as a leading center for managing the assets of the rich, despite a...
- Vontobel sees client inflows at same pace as in H1
GENEVA (Reuters) - Swiss bank Vontobel AG has seen private client inflows continuing at the same pace as in the first half of the year, private banking head Peter Fanconi said on Wednesday.