Private Banking
Abu Dhabi’s ADCB launches regionally focused private bank
Abu Dhabi Commercial Bank (ADCB) has launched a new private bank aimed at providing wealthy clients in the Gulf region with sophisticated banking and wealth management services.
Julius Baer admits US tax evasion, pays $547m
Swiss private bank Julius Baer said it has reached a deal with the US Department of Justice to pay $547m to settle tax evasion allegations, and at the same time two former Julius Baer bankers pleaded guilty to helping American clients dodge taxes.
Credit Suisse slumps after big 2015 net loss
Shares in Credit Suisse fell nearly 12% on Thursday after the bank reported worse-than-expected 2015 results, which included hefty net asset outflows in the final quarter.
Commodities | 6 Jan 16
ANALYSIS: Oil slide could get worse, won’t get much better
The news that Brent Crude oil slipped below $35 a barrel for the first time since 2004 on Wednesday should come as little surprise.
Standard Chartered merges top private bank & wealth mgt roles
Standard Chartered Bank has combined the leadership of its private banking and wealth management divisions into a single global job, which will be taken on by Didier von Daeniken who will be based in Singapore.