What types of services private banks provide ? The private banking sector is a specialized area of the financial industry that serves high-net-worth individuals (HNWIs) and ultra-high-net-worth individuals (UHNWIs) who have substantial financial assets. Private banks provide a range of services such as wealth management, investment advice, estate planning, and tax advisory services to help…
The private banking industry has been evolving over the past few years. Trends are multiplying and the industry is constantly adapting. Private bankers are faced with an increasingly demanding clientele whose product preferences are continuously evolving. Private banking, like any other banking segment, is influenced by several factors such as the growth of the economy,…
Singapore is a small island nation that includes 63 islands, it’s a small city-state. If you are reading this, you must have heard good feedback about this state at least once in your life. So, why is Singapore attracting many people? What makes it so special? Even though its surface is not large enough, Singapore…
Let’s take a quick look at what’s in store for private banking in 2023. For the past few years, new sectors have been developing: cryptocurrencies, cybersecurity, energy… So what are the next trends for 2023 ? Here are some key points regarding the developments in private banking: New investment themes: 2022 has been…
Stock picking is not an easy task. Many potential investors would like to buy stocks but they face challenges and therefore start looking for an answer to their questions: Which stocks are safe? Which ones guarantee the best ROI (return on investment)? Define your risk tolerance: Numerous individuals choose to invest their money in stocks…
More nimble fintechs have one advantage over traditional banks when it comes to responding to customer needs to improve customer experience. With over half of customers saying that banking is not fun, banks face the challenge of enhancing user experiences to address changing customer needs, according to the World Retail Banking Report 2022 from Capgemini…
The State Treasurer is putting ESG in the political crosshairs by divesting from an asset manager based on its environmental and sustainable approach to investing. West Virginia’s Board of Treasury Investments, which manages $8 billion in state operating funds, has dropped BlackRock money market funds from its portfolio, citing concerns over the firm’s focus on…
BNP Paribas beats quarterly expectations as equity trading rebounds France’s BNP Paribas on Friday reported a better-than-expected first-quarter profit, helped by lower provisions for pandemic-related bad loans and a rebound in its equity trading business that the bank aims to expand. The euro zone’s biggest listed lender said net profit rose 37.9% to 1.77…
First Woman, First African to Lead WTO: Who’s Ngozi Okonjo-Iweala? Dr Okonjo-Iweala has earlier broken glass ceilings as Nigeria’s first woman foreign minister and finance minister. Over 26 years since the establishment of the World Trade Organisation (WTO), a woman has never helmed the international body that deals with global trade rules, resolves trade…
2 short sellers admit defeat, bail out at huge loss as GameStop share surge hits 1000% Short sellers Andrew Left and Melvin Capital take huge losses to cover their bad bets “Prominent short seller Andrew Left, has admitted he has taken a 100 per cent loss on his bet against GameStop” In the David…
