Category Archives: private banking

Why Big Banks Find Private Banking Difficult

Would you like private banking services? If so, I’d recommend that you not sign up with the private-banking arm of a big retail bank — which is what John Hempton did. I am a customer of National Australia Bank private … Continue reading

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UBS: Still Entrenched in the Art World

Count me in with Anthony Haden-Guest: for all their credit-related losses, the big private banks and wealth managers like UBS and Lehman Brothers are not going to ease up on their sponsorship of art-world events. Guest quotes a couple of … Continue reading

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Why UBS’s Wealth Management Should Stand Alone

When I saw yesterday that UBS private-banking clients were expected to have withdrawn SFr5 billion from their accounts last quarter, I said the number seemed low to me. Amazingly, I was right: Rich clients at UBS’s wealth management units withdrew … Continue reading

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UBS Private Banking Inflows Cease

I’m utterly unsurprised at this; if anything, I’d’ve expected the scale of withdrawals to be much bigger. UBS AG, the world’s biggest money manager for the wealthy, may report tomorrow that private-banking clients removed funds for the first time in … Continue reading

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