Global Wealth

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Bank of America announced a management shakeup on Monday, promoting three to the bank's senior executive team and hiring former Citigroup executive Sallie Krawcheck to run the bank's global wealth management unit.

ZURICH/LONDON (Reuters) - Expected strong quarterly earnings at Credit Suisse and a return to profit at Morgan Stanley will set the pace for the global wealth management sector as consolidation among private banks heats up.

NEW YORK (Reuters) - Sallie Krawcheck has purchased just over $1 million of Bank of America Corp stock, a little more than a week after becoming head of global wealth and investment management at the largest U.S. bank.

With South Korea set to launch a bad bank on September 30, Norman Villamin, head of investment analysis & advice at Citi Global Wealth Mgmt Asia Pacific assesses whether this is a good move, with CNBC’s Martin Soong, Karen Tso & Sri Jegarajah.

Bank of America will fold its Premier Banking unit into Merrill Lynch Global Wealth Management, cutting several hundred jobs.

(Reuters) - Bank of America Corp , the largest U.S. bank, is folding its Premier Banking unit into Merrill Lynch Global Wealth Management, laying off several hundred workers, the Wall Street Journal said.

Zürich (awp/sda/ats) - Werner Peyer, Vice Chairman de Global Wealth Management and Business Banking de l'UBS, quitte le poste qu'il occupe depuis ...

Europa ist in der Finanzkrise zur reichsten Region der Welt aufgestiegen, wie die Unternehmensverwaltung Boston Consulting Group (BCG) im Rahmen ihrer Studie „Global Wealth 2009“ herausfand. Viele Amerikaner belächelten zuweilen die Risikoscheu der Europäer, doch mit Vorsicht sind diese…

répétition de vendredi soirZurich (awp/ats) - Werner Peyer, Vice Chairman de Global Wealth Management and Business Banking de l'UBS, quitte le poste ...

rensefeed: Recession Knocks 12% Off Global Wealth http://ur1.ca/btv2

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NEW YORK (Reuters) "Private equity company Blackstone Group LP (BX.N) CEO Stephen Schwarzman said on Tuesday that up to 45 percent of the world's wealth has been destroyed by the global credit crisis. "Between 40 and 45 percent of the world's wealth has been destroyed in little less than a year…

Bank of America said it hired Sallie Krawcheck, most recently the head of wealth management at Citigroup, as head of its global wealth and investment management business.

Great new Jeremy Grantham quarterly note out from GMO. Highlights include a lucid discussion of what I’ve been calling “the new normal”, what……deleveraging caused by the equally massive write-down of perceived global wealth, we expect the growth rate of GDP for the whole developed…