The private banking industry has been evolving over the past few years. Trends are multiplying and the industry is constantly adapting. Private bankers are faced with an increasingly demanding clientele whose product preferences are continuously evolving. Private banking, like any other banking segment, is influenced by several factors such as the growth of the economy,…
Africa is currently facing big changes and is growing fast, a lot of its countries are developing and the number of HNWI and UHNWI is only going higher. Even though the continent faced many challenges in addition to the Covid-19 crisis, it’s still standing and moving forward. Around 136 000 HNWI are living in Africa…
Switzerland has a long-held reputation for financial secrecy, but it isn’t the top country when it comes to a lack of financial transparency. The country that is atop the rankings for being the most complicit in helping individuals hide their wealth is the United States, according to a biennial report released today by the Tax …
More nimble fintechs have one advantage over traditional banks when it comes to responding to customer needs to improve customer experience. With over half of customers saying that banking is not fun, banks face the challenge of enhancing user experiences to address changing customer needs, according to the World Retail Banking Report 2022 from Capgemini…
The State Treasurer is putting ESG in the political crosshairs by divesting from an asset manager based on its environmental and sustainable approach to investing. West Virginia’s Board of Treasury Investments, which manages $8 billion in state operating funds, has dropped BlackRock money market funds from its portfolio, citing concerns over the firm’s focus on…
If you usually check the medias, the most common word you’ll see is “Investment”. The markets are currently welcoming more entrepreneurs than they’ve ever had. The number of successful Entrepreneurs is rising and each one of them is bringing more people into business through different ways: Consulting, Influence on social media, word-of-mouth… Many people are…
Bankers quit London as Brexit relocations to EU step up Investment banks are shifting more rainmakers out of London to financial centres across the European Union, accelerating the pace of moves after the pandemic and uncertainty over Britain’s access to the bloc slowed relocations. Morgan Stanley, Barclays, Goldman Sachs (GS.N) are among those moving senior bankers,…
BNP Paribas beats quarterly expectations as equity trading rebounds France’s BNP Paribas on Friday reported a better-than-expected first-quarter profit, helped by lower provisions for pandemic-related bad loans and a rebound in its equity trading business that the bank aims to expand. The euro zone’s biggest listed lender said net profit rose 37.9% to 1.77…
Investors have put more money into stocks in the last 5 months than the previous 12 years combined. More money has gone into stock-based funds over the past five months than the previous 12 years combined, according to Bank of America. In raw numbers, $569 billion has flowed into global equity funds since November,…
Are We Witnessing the Start of a New Commodities Supercycle? “Governments and private companies are increasingly pledging carbon reduction measures, heightening demand for certain metals.” “A weakened U.S. dollar, zero interest rates and pent-up demand may be contributing to the second supercycle this century.” Commodity super cycles are decade-long periods in which commodities…
