Private Banking
German bank fined £37.8m for anti-money laundering failings
UK watchdog said it did not conduct ‘timely periodic due diligence’ on clients of its London branch
Deutsche Bank to create international private bank
It will have around €250bn in assets under management and a combined revenue of approximately €3bn
Swiss private bank to exit private banking in 2021
It is in ‘advanced negotiations’ to sell and transfer its client portfolios, front-office and subsidiaries
Fintech firm eyes launch of Swiss digital private bank in 2021
With help of wealth manager Reyl & Cie, it will cater for the mass affluent market worth CHF660bn
Luxembourg private bank opens Swiss office
It will also unveil its first branch in Denmark by the end of the year
