A year ago, banks set aside billions of dollars to handle expected deterioration of loans because of the pandemic. As the economic outlook has brightened and vaccines have been distributed, that provision build-up has unwound.
US investors are arguably under-invested in Chinese equities and should change to diversify. But China's regulatory landscape and corporate governance - or the lack of it - are big concerns. Trade tensions, such as over Beijing's treatment of Western intellectual property, remain. This article delves into what investors should do.
The rise in the headline earnings figure was partly caused by the release of credit reserves. By contrast, the bank was building up reserves a year ago - a time when the pandemic was beginning to take hold around the world. JP Morgan is the first of the big banks to issue Q1 results.
These are busy times at CI Financial; it managed and advised on about $185.7 billion of client money as at the end of February, and has snapped up a number of US firms. Its strategy is part of a wider M&A trend shaping the North American wealth sector.
The latest senior moves in wealth and asset management from across the US. ...
The latest mergers and acquisitions in the wealth management and associated space. ...
The fund manager oversees more assets than all the world's sovereign wealth funds combined, owning a large slice of stocks and bonds. ...
Within BoA's private banking arm, AuM rose from a year before, although revenues dipped. New client relationship numbers surged in the first quarter. ...
The appointments are among changes that the firm is making as it forms a new organization, Citi Global Wealth, pulling together insights and assets across the private bank, consumer bank and its institutional cl...
Gearing advice to specific financial goals is a powerful way to demonstrate added value and increase client engagement. But this requires careful thought about advice monitoring, efficiency and - of course - com...
Wealth managers must implement efficient, scalable ways of working, while capitalizing on the human elements of their offerings that create lasting value. Darren Berkowicz, Managing Director at SS&C Technologies...
A recently-announced major investment into the life sciences sector by a Middle East sovereign wealth fund made headlines. But family offices have been quietly working in the space for years. And the latest deve...
Where it is used in client engagement efforts at all, technology tends to focus on the administrative aspects of advisors learning about their clients, while treating those clients as robots. Greg Davies, Head o...
It is becoming increasingly apparent how costly a low-tech approach to compliance management can be – and in many senses. Thomas Imhof, Regulatory Engineer at Apiax, explains how firms are turbocharging their ...