Negative cues plunge Indian markets in weekly trade (Weekly Review)

Last Updated: Saturday, March 14, 2015, 17:27

Negative global cues and disappointing retail inflation data led a benchmark index of Indian equities markets to its worst weekly fall in 2015.

Morgan Stanley fires employee for stealing client data

Last Updated: Tuesday, January 6, 2015, 02:11

US investment bank Morgan Stanley on Monday said it had fired an employee for stealing the personal data of hundreds of thousands of wealth management customers.

Copper and oil slide, world equities dip

Last Updated: Saturday, January 4, 2014, 04:52

Copper futures dropped on Friday on concerns over Chinese growth and as the U.S. dollar strengthened, while crude oil extended recent losses and a global gauge of equities drifted lower.

China regulator orders more disclosure on shadow bank products: Sources

Last Updated: Friday, November 22, 2013, 18:20

The China Banking Regulatory Commission (CBRC) will require banks to report detailed information on their holdings of wealth management products beginning in 2014.

Barclays to shut wealth management services in 130 countries

Last Updated: Thursday, September 26, 2013, 08:37

Barclays Plc will stop offering wealth management services in about 130 countries by 2016 and cut jobs in the unit as part of an effort to rein in costs and boost profit.

Religare to buy Macquarie stake in wealth management JV

Last Updated: Monday, September 2, 2013, 20:43

The equal partnership joint venture was formed in 2007 to serve High Net Worth individuals (HNI) client base in the country.

Infosys unveils new solution for wealth management

Last Updated: Wednesday, August 7, 2013, 21:09

Global software major Infosys Ltd Wednesday unveiled a new solution for wealth management, which will enable banks to enhance their retail service to high net worth individuals and affluent customers.

Number of ultra HNHs likely to triple in next 5 years: Report

Last Updated: Tuesday, August 6, 2013, 22:40

Despite economic slowdown, the number of ultra high net worth households (HNHs) in the country is expected of triple in the next five years and their net worth will grow 4.5 times to Rs 380 trillion by FY18, a report said Tuesday.

Singapore unlikely to overtake Switzerland in wealth management

Last Updated: Saturday, July 6, 2013, 09:11

Singapore is unlikely to overtake Switzerland as the biggest wealth centre in the world any time soon, but it should strive to play to its strength in world of global finance, Prime Minister Lee Hsien Loong has said.

Banks should have separate wealth management unit: RBI draft

Last Updated: Friday, June 28, 2013, 22:16

Seeking to check mis-selling of financial products, the Reserve Bank Friday suggested that banks should set up a separate unit for wealth management and advisory services.

Credit Suisse launches single family office service in India

Last Updated: Thursday, November 8, 2012, 13:39

Credit Suisse on Thursday said it has launched the single family office service in India, a move that will strengthen its product offering for the ultra-rich people in the country.

Julius Baer to buy Merrill's Intl Wealth Mgmt Biz outside US

Last Updated: Monday, August 13, 2012, 20:15

The transaction is estimated to increase Julius Baer's existing asset under management by around 40 percent to 251 billion Swiss francs and its total client assets to 341 billion francs at the end of the two-year integration period, the Swiss private banking group said in a statement.