Credit suisse profit boosted by wealth management
Credit Suisse has announced first quarter profit up 23% on this time last year to CHF 1.1bn, in large part due to its wealth management division.
Credit Suisse has announced first quarter profit up 23% on this time last year to CHF 1.1bn, in large part due to its wealth management division.
The euro plunged ominously toward parity with the dollar on Tuesday, trading as low as 1.07 at the time of writing. The last time it hit such levels was in 2003.
International Adviser considers six potential financial implications of a “Yes” vote to Scottish independence
The geopolitical and economic volatility being seen around the world means, now more than ever, investors strategies and tactical asset allocations are vulnerable
Teresa Kong argues that the recent moves in Chinese currency markets are not just a healthy thing to see but necessary for an economy looking to increase the role of the market in allocating resources.
The joint special administrator of Hartmann Capital has completed the first stage of its unwinding of the London-based investment company, and revealed that client monies as of Monday totalled £23.7m ($39.4m, 28.8m), while it held client equities worth around £39.8m.
Investec's wealth and funds arms took in a combined £3.1bn over last nine months
Some emerging markets have found themselves wobbling in recent weeks‚ following a long period of hitching themselves to the loose monetary policy of the Federal Reserve. They face the choice of hanging on (by raising rates) or letting go (allowing their currency to depreciate) but neither of these options will be pain-free.
Aberdeen Private Equity fund has blamed the fall of the dollar against sterling for its 5.8% drop in share price over the six months to 30 September, declining to 103.6p.
Sterling suffered a little bit at the end of last week as a result of trade balance figures showing the deficit had widened along with strong US labour data.
iShares is offering investors currency-hedged emerging market bond exposure through an ETF listed today on the London Stock Exchange
Fadi Zaher has been appointed head of bonds and currencies at Kleinwort Benson as the firm looks to strengthen its client proposition and enhance its core offering.