Coutts Hit By AIG Misselling Bill ‎

The taxpayer-backed private bank that counts the Queen among its clients, has begun offering customers compensation likely to run to millions of pounds for bonds missold to them at the height of the financial crisis, I have learned.


‘Risk assets needed to preserve wealth’

But wealth managers argue that only “risk assets”, such as equities, have the potential to preserve the value of their clients’ portfolios in real terms.


Advice for Global Bank CEOs

Strategic planning is back. With so much uncertainty, bank CEOs need to rethink where their institution adds value to customers, who those customers are today and who they might be in the future.


Pressure mounts on Credit Suisse chief

Switzerland’s central bank suggested Credit Suisse should raise fresh equity from shareholders, scrap its dividend or shrink its risk appetite further.


Many advisers not ready for RDR regime

At the same time, firms will have to change the way they describe their advice – choosing to declare their range of services as either “restricted” or “independent”.


Italy's exclusive Billionaire club to close

In contrast, the exclusive nightclub in Porto Cervo flourished under Silvio Berlusconi, who has a large villa just along the coast and is a friend of Mr Briatore.


7IM seeds Pacific fund

The fund is not available direct to the retail market but can be accessed through 7IM model portfolios.


India replaces Spain as top 10 wealth market - Datamonitor

Despite continued setbacks in the global wealth market, affluent individuals will rise by 20 million per year, and India will continue to climb within the top 10 wealth markets list, research by Datamonitor has suggested.


Economy: Morocco, wealth from sectors ignored by banks

The reasons for this are thought to be historical. With the exception of Morocco's Credit Agricole, ''banks have not developed specific knowledge in financing of this sector, which needs the implementation of custom-made products,'&


UK Private Bank taps new non-executive director

During this period, he also held several concurrent roles, which involved overseeing Fidelity’s businesses in Spain, the Nordic Region, the Middle East and Africa, and India. He also spent seven years of his career at Fidelity based in Hong Kong.