wealth management

Credit Suisse Must Take Drastic Measure After $1 Billion Write Down

The Swiss bank which posted first full-year loss last year must take a drastic measure. It has to make another retreat in investment banking.

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Banking tricks blunt China's drive to increase lending

China hopes that last week's interest rate cut will increase lending into the economy to shore up flagging growth, but measuring any rise will be impeded by a number of tricks the country's bankers use to manipulate the figures.

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Canadian lenders look to wealth management for earnings growth- report

Canada's largest lenders are turning to wealth management to spur growth in the wake of the slowdown in capital markets and lesser borrowing among consumers, a Bloomberg report said.

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RDR brings private equity to wealth management market- report

Reforms made in the financial services industry through the retail distribution review or RDR implemented in January by a UK regulator has brought private equity to the arms of wealth managers, according to a report from Citywire.

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CIBC seeks CAD1 billion wealth management acquisitions

The Canadian Imperial Bank of Commerce said that it had been seeking CAD1 billion wealth management acquisitions as it tried to boost profit.

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