Stock picking is not an easy task. Many potential investors would like to buy stocks but they face challenges and therefore start looking for an answer to their questions: Which stocks are safe? Which ones guarantee the best ROI (return on investment)? Define your risk tolerance: Numerous individuals choose to invest their money in stocks…
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…
Credit Suisse is adding two new hires to service wealthy Israeli clients, with one joining from rival UBS. Credit Suisse is hiring Joseph Wolf from Barclay’s as the CEO of Israel, effective April 4, finews.com has learned. Wolf has nearly three decades of banking experience during which he developed a strong tech sector focus, highly relevant for…
MEXICO CITY — JP Morgan Chase & Co’s private bank is expanding in Mexico and elsewhere in Latin America, the unit’s regional CEO said on Wednesday, as wealth creation and political changes bolster the sector’s prospects. The bank plans to increase the number of its frontline private bankers in Latin America by 15 percent, the…
JPMorgan Chase & Co. is growing its new wealth management office in Baltimore, in a push to expand its presence in the market and open its first local bank branches. The wealth management office, part of JPMorgan’s private bank and not a Chase bank branch, opened its doors in June and is part of the…
International Bank of Qatar (IBQ) was named ‘Best Private Bank in Qatar’ by Global Finance’s fourth annual ‘World’s Best Private Banks Awards’. The award yet again recognises IBQ’s excellence in private banking and wealth management and its commitment to developing long-lasting privileged relationships with its clients. The winners are those banks that best-serve the specialised…
Credit Suisse Q3 results, released on Thursday, showed record assets under management in its wealth management division of CHF 785 billion, an increase of 4% on last year. These results follow third quarter inflows of Net New Assets (NNA) with NNA for Wealth Management and Asset Management totalling CHF 14.8 billion for the quarter, up 29%…
HSBC is appointing a veteran Swiss private banker to run its wealth arm in Switzerland, finews.com has learned. Alexander Classen will be named as the new CEO of the British bank’s wealth management arm in Switzerland and Luxembourg, a source familiar with the matter told finews.com. The hire of Classen, a veteran Swiss banker who…
