Wealth Management

Wealth Management News

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  U.S. Stocks Rise as Bullard Says Stimulus Should Continue

  Updated 41 minutes ago

  U.S. stocks rose, erasing earlier losses, after Federal Reserve Bank of St. Louis President James Bullard said the central bank should continue its bond buying to boost growth that is slower than expected.

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  Platinum Buying Quickens as Gold Allure Diminishes: Commodities

  Updated 40 minutes ago

  At a time when diminishing faith in gold is spurring investors to sell record amounts of the metal, demand for platinum and palladium is strengthening as mining companies curb supply.

• CIBC Targets Central Canada to Expand Private-Wealth

  Updated 39 minutes ago

  Canadian Imperial Bank of Commerce, the country’s fifth-biggest bank, plans to expand its private- wealth business, focusing on Central Canada and the Atlantic provinces.

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  Gold ETF Sellers Facing Tax Surprises at 28% Gains Rate

  Updated 20 minutes ago

  Investors who dumped shares in gold exchange-traded funds amid the biggest selloff in the metal in four years may be in for a shock: capital-gains taxes are higher than for stocks and bonds.

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  U.S. Stocks Fluctuate as Investors Weigh Stimulus Timing

  U.S. stocks declined, after the Standard & Poor’s 500 Index climbed four straight weeks, as investors weighed the pace of central bank stimulus efforts amid corporate dealmaking.

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  Stanchart to Buy Morgan Stanley’s India Wealth Unit

  Standard Chartered Plc agreed to buy Morgan Stanley’s Indian wealth management assets for an unspecified price as it seeks to capture more private banking business in the South Asian nation.

• UBS Hires Sylvia Coutinho From HSBC for Brazil CEO

  UBS AG, the biggest Swiss bank, hired Sylvia Coutinho from HSBC Holdings Plc, to be chief executive officer of its Brazilian unit.

• Barclays Names Hammoud as Head of Wealth Management in Abu Dhabi

  Barclays Plc named Haidar Hammoud head of wealth and investment management in Abu Dhabi as Britain’s second-biggest lender seeks to tap high net-worth individuals in the emirate, holder of about 6 percent of the world’s oil.

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  Sustainable and Responsible Investing Goes Mainstream

  Once dismissed by Wall Street as a feel-good fad, “sustainable and responsible investing” has gained momentum, today attracting nearly one in every nine dollars under professional management in the United States.

• European Stocks Rise on U.S. Consumer Confidence Report

  European stocks climbed to their highest level in almost five years as a report showed that U.S. consumer confidence rose more than economists had predicted, while banks and carmakers increased.

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