The United Arab Emirates is on track to be the world’s top wealth magnet for the third year running, according to the Henley Private Wealth Migration Report. At the same time, the U.K. – already the source of many of… Read More ›
Day: July 30, 2024
Nomura Triples Q1 Profit With Wealth Management Revenues Getting Boosted Due To End
Nomura Holdings, Japan’s largest brokerage and investment bank, reported a remarkable 195% increase in first-quarter profit on Tuesday, driven by a global market rally and the resurgence of domestic inflation, which boosted demand for its wealth management services. The impressive… Read More ›
Standard Chartered Announces Record $1.5 Billion Buyback, Raises 2024 Income Forecast
Standard Chartered (StanChart) has unveiled its largest-ever share buyback of $1.5 billion and has raised its income outlook for 2024, driven by anticipated strong economic growth in its key Asian markets and a strategic plan to control costs. The London-based… Read More ›
FINMA, The Swiss Regulator, Scrutinizes UBS Client Vetting Amid Credit Suisse Integration
Switzerland’s financial regulator, FINMA, is closely examining how UBS screens risky wealthy clients being transferred from Credit Suisse, sources revealed. This comes as the regulator adopts a proactive stance in overseeing the bank’s integration of its fallen competitor. Earlier this… Read More ›
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