Barclays to expand European private banking operations
Firm set to enter four markets in 2021
Private Banking
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Coutts fixes advice fees
Clients will now be charged a one-off lumpsum according to the service they need
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Indian bank unveils invitation-only wealth arm
It is aimed at ultra-high net worths
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900 private banking clients to be compensated
After they did not receive sufficient information about expected negative net returns
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Dutch wealth manager buys local private bank
Which holds €1.9bn in client assets
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Private bank to ‘redefine wealth management’ using ESG
With launch of two funds and a model portfolio
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NatWest to bring all wealth divisions under one umbrella
Coutts CEO to lead services for affluent, high- and ultra-high net worth clients
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Private bank enters voluntary liquidation
Process will go ahead despite ‘intensive negotiations’ taking place with ‘interested parties’
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German bank fined £37.8m for anti-money laundering failings
UK watchdog said it did not conduct ‘timely periodic due diligence’ on clients of its London branch
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Deutsche Bank to create international private bank
It will have around €250bn in assets under management and a combined revenue of approximately €3bn
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Swiss private bank to exit private banking in 2021
It is in ‘advanced negotiations’ to sell and transfer its client portfolios, front-office and subsidiaries
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Fintech firm eyes launch of Swiss digital private bank in 2021
With help of wealth manager Reyl & Cie, it will cater for the mass affluent market worth CHF660bn