Skip Navigation

HITC HOME
Register for HITC Email Alerts
Contact HITC
Apply to write for us

Private Banking

UBS Fractured

Financial Markets

UBS Names New Wealth Head, Loses More Fixed Income Talent

UBS's brokerage unit has named a new head for its private wealth management division, as the company looks to expand its business catering to clients with $10m or more in investable assets

Red Warning Light

Financial Markets

FCA Fines EFG Private Bank £4.2m

The Financial Conduct Authority (FCA) has fined EFG Private Bank Ltd (EFG) £4.2 million for failing to take reasonable care to establish and maintain effective anti-money laundering (AML) controls for high risk customers.

Thumbs Up At Desk

Financial Markets

UBS's Focus Rewarded, C Suisse Is Punished

Credit Suisse will probably post higher profit than UBS for a fourth straight quarter when the largest Swiss banks report results over the next week, but...........

Featured Deal For NEW JERSEY / HOBOKEN

Glass Food Storage Container at Frego

Prep, heat, serve, and store food all in the same dish with Frego, winner of an International Housewares Association 2013 Finalist Award for Innovation.

Click here for more deals in NEW JERSEY / HOBOKEN

Stacks Of Coins

Financial Markets

C Suisse Pay Revolt

Credit Suisse is facing a shareholder revolt over pay after an influential advisory group asked investors to block the Swiss bank’s plan to issue shares for employee bonuses.

Gavel

Financial Markets

SAC Capital, Madoff, OppenheimerFunds, UBS, Julius Baer

Donald Longueuil, a former employee of the hedge fund SAC Capital Advisors, has big for plans when he gets out of prison.

Closed Sign

Financial Markets

C Suisse, Julius Baer May Close Undeclared German Accounts

Credit Suisse and Julius Baer Group are ready to close the accounts of German clients who can’t prove they comply with their tax requirements, officials at both companies said.

Showing You The Door

Financial Markets

Barclays Investigating After Private Banking Firing

Barclays has dismissed a Singapore- based private banker and is helping authorities investigate potential wrongdoing affecting clients’ assets.

Gavel

Financial Markets

BofA, Barclays, KKR, Morgan Stanley, Wegelin & Co

MBIA Inc. defeated a lawsuit by Bank of America and Societe Generale that sought to reverse approval of the bond insurer’s $5bn asset-transfer because it cut money available to cover their policy claims.

Gavel

Financial Markets

UBS Told by U.S. Judge to Give IRS Data on Wegelin

A U.S. judge said the Internal Revenue Service can demand information from UBS about U.S. clients of Wegelin & Co., the Swiss bank that pleaded guilty this month to conspiring to help cheat the IRS.

Bad Bonus Pool

Financial Markets

Top Firm Said Cutting Bonus Pool For 4th Year in a Row

Ouch!

Older Posts