HSBC Private Banking has recently joined The WealthiHer Network Asia – an organisation founded to make the financial industry more female focused – as a move to advance the bank’s initiative to promote gender diversity in the financial services sector, empower female entrepreneurs and drive the economic advancement of women across the region. The WealthiHer…
HSBC has announced the launch of a new global business, combining retail banking and wealth management and global private banking. Recruitment for wealth teams across Hong Kong, Singapore and mainland China is on track. HSBC’s new unit will become one of the world’s largest global wealth managers with $.4 trillion in assets, with nearly half of…
Goldman Sachs Group Inc. plans to start offering wealth management services in Japan, a person with knowledge of the matter has said. The U.S. bank will target high net worth individuals through its asset management unit, the person said, asking not to be identified because the plans are private. It has already started hiring private…
BoM, SBI only PSBs rated ‘good’ in digital transactions in December: Government data. Mumbai: Bank of Maharashtra and State Bank of India are the only two state-run banks that showed ‘good’ performance in terms of digital transactions in December with a score of 77 and 68 respectively, government data showed. The score for an individual…
The SEC will allow US brokers to continue bundling execution and research payments for another three years. In October of 2017, the SEC published a ‘no-action letter’, stating that American firms did not need to actively adhere to MiFID II’s unbundling guidelines. This letter was due to expire in July 2020. This latest statement by…
