Private Banking

HSBC comes under pressure again amid a new lawsuit for supporting terrorist organisations

HSBC sued for laundering cartel money

HSBC comes under pressure again amid a new lawsuit for supporting terrorist organisations

The families of US victims murdered by Mexican cartels are suing HSBC for helping the illegal enterprise to operate. The lawsuit claims that by knowingly laundering billions, the bank should be held responsible for a series of deaths in 2010 and 2011. ...

Litigation and restructuring costs cause Deutsche Bank losses to hit €6.8bn for 2015

Deutsche Bank reports biggest loss since financial crisis

Litigation and restructuring costs cause Deutsche Bank losses to hit €6.8bn for 2015

In a press release published on January 28, Germany’s biggest bank announced a €2.1bn loss for the fourth quarter of 2015 and a total net loss of €6.8bn. Deutsche Bank’s first full-year loss since the 2008 financial crisis can be attributed to res...

Staley steers Barclays through tough times with job and cost cuts

Barclays to close branches and cut jobs worldwide

Staley steers Barclays through tough times with job and cost cuts

In a bid to boost sales and streamline costs, Barclays’ new Chief Executive, Jes Staley, orders 1,200 job cuts worldwide, the Guardian has reported. The British bank is also pulling out of several Asian countries, including South Korea, Taiwan, Malaysia...

The Italian private banking sector successfully overcame the challenges of the global financial crisis by embracing the strengthening relationship between technology and finance

Digital platforms are embraced in Italy’s banking sector

The Italian private banking sector successfully overcame the challenges of the global financial crisis by embracing the strengthening relationship between technology and finance

Thanks to a long-standing focus on saving and investing, Italy now boasts one of the biggest savings pools in the world, with a current value of approximately €4trn. By pursuing a stronger relationship between banking and technology, the financial secto...

Tatra banka’s commitment to innovation is shifting the boundaries of the banking business in Slovakia and beyond

Tatra banka shakes up Slovakian banking

Tatra banka’s commitment to innovation is shifting the boundaries of the banking business in Slovakia and beyond

Innovation is a precondition of success for private banking in the present climate, and major names in the sector are embracing technology to boost both efficiency and customer satisfaction. On top of that, private banks in the here-and-now can ill afford...

Amid a backdrop of regional shocks and challenges, Lebanon’s banking sector stands strong with a glowing reputation for resilience and stability

Lebanon’s banking sector becomes a beacon of stability

Amid a backdrop of regional shocks and challenges, Lebanon’s banking sector stands strong with a glowing reputation for resilience and stability

Despite its location in a region of economic and political instability, Lebanon’s banking sector is a beacon of excellence and compliance. By offering a wide range of banking services and staying abreast of technological and regulatory changes within th...

Latin America has seen troubled times, and with the IMF reducing its growth forecast for 2015, prospects look bleak. However, as BOD Financial Group attests, committing to economic development can prove to be key to success

BOD Financial Group harnesses opportunities in Latin America

Latin America has seen troubled times, and with the IMF reducing its growth forecast for 2015, prospects look bleak. However, as BOD Financial Group attests, committing to economic development can prove to be key to success

A slow and uneven recovery throughout much of Latin America has intensified the challenges for financial services, and with the global commodities boom having faded and FDI struggling, the responsibility has gone on to local names to harness growth opport...

Closer integration with European countries is needed for the banking industry to thrive in the Republic of San Marino and other microstates

Banca CIS plays vital role in San Marino’s banking industry

Closer integration with European countries is needed for the banking industry to thrive in the Republic of San Marino and other microstates

While European microstates such as the Republic of San Marino have only been partially integrated into the European single market, they have already made significant strides, particularly within the banking sector. Usually when speaking about the EU, the ...

Wide-reaching regulatory changes mean that there are far greater opportunities for Myanmar’s emerging banking sector

KBZ Bank on Myanmar’s strong future

Wide-reaching regulatory changes mean that there are far greater opportunities for Myanmar’s emerging banking sector

The financial industry in Myanmar is in a phase of momentous transformation, with new market entrants in the banking sector, both local and foreign, the emergence of the private insurance sector, and the launch of the Yangon Stock Exchange driving growth....

Greece has been through economic turmoil in recent years. Piraeus Bank has adapted its services to reflect the economic environment and win back favour with clients as their needs change

Piraeus Bank works to restore trust in Greek banks

Greece has been through economic turmoil in recent years. Piraeus Bank has adapted its services to reflect the economic environment and win back favour with clients as their needs change

Headquartered in Athens, Greece, with more than 21,000 employees in nine countries, mainly in Southeast Europe, Piraeus Bank Group offers a full range of financial products and services to approximately six million customers. Founded in 1916, Piraeus B...

Handelsbanken becomes a leading bank in the Nordic region

Staying afloat in difficult economic conditions is no easy feat, but by carving a niche in the industry, Sweden’s Handelsbanken has succeeded where many have failed

Banks in the current financial climate have been increasingly forced to rely on state and shareholder support to keep their balance sheets healthy and bring more customers to the fray. The recent crisis has done much to dampen the sector’s progress, and...

The pivotal role of the financial sector in the Caribbean economy

The financial landscape of Trinidad and Tobago has been improving steadily, and it will need to continue to do so to make up for tumbling commodity prices

Trinidad and Tobago is most often associated with a vibrant energy sector – and with good reason. The energy sector dominates the local economy, accounting for approximately 42 percent of the country’s GDP. Furthermore, almost half of total government...

BBH on the importance of knowledge transfer in wealth management

When passing wealth on to the next generation, a strategy encompassing education, investment and philanthropy is vital to ensure a successful transition

The recovery in asset values since the global financial crisis has propelled household wealth to all-time record levels. At the same time, the ageing of populations throughout the western world indicates that this unprecedented store of wealth will be tra...

A handful of customers form new relationships with banks on a regular basis, so for growth in the banking industry to remain steady, existing customers must be a continual core focus

Saudi Hollandi Bank puts SMEs at the core of customer focus

A handful of customers form new relationships with banks on a regular basis, so for growth in the banking industry to remain steady, existing customers must be a continual core focus

The financial markets of any economy are critical to its overall development, and it is well documented that robust and efficient banking systems and stock markets are key drivers of growth. In this respect, Saudi Arabia’s economy is no different from a...

A scepticism towards traditional banking, combined with a chronic talent shortage, has laid the groundwork for an Asian family office market to flourish

Asia’s new millionaires make investments a family affair

A scepticism towards traditional banking, combined with a chronic talent shortage, has laid the groundwork for an Asian family office market to flourish

Last year fell in step with a tradition that dates back to 2012, as the Asia-Pacific market was again named the big-ticket destination for high-net-worth individuals (HNWI) – those with investable assets of at least $1m. According to the World Wealth Re...

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