Wealth Management Industry News
A collection of Wealth Management latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
HSBC reportedly planning 'brutal' job cuts in UK wealth management arm
News from the City, market updates plus comment and analysis from our business desk I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. HSBC is preparing to cut jobs in its UK wealth management…
HSBC reportedly planning 'brutal' job cuts in UK wealth management arm
HSBC is preparing to cut jobs in its UK wealth management business as part of efforts to ramp up the use of artificial intelligence (AI) to serve wealthy customers more efficiently, reports have said. The bank is in the middle of a consultation…
HSBC reportedly planning 'brutal' job cuts in UK wealth management arm
The bank is in the middle of a consultation period over the proposed changes, the Financial Times (FT) reported, citing an anonymous source familiar with the plans. Around half of the wealth division's management and specialist roles are expected…
12,999 NVIDIA Corporation $NVDA Shares Sold by TRB Wealth Management LLC
TRB Wealth Management LLC lowered its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 10.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The…
'Gathering dark clouds' for the property market with 0% growth for house prices
News from the City, market updates plus comment and analysis from our business desk I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. UK house prices stalled in September, with 0% growth on…
UK property market warned over 'gathering dark clouds' as house prices stall
House prices across the UK failed to grow in September, an index has found, with prices showing no movement either month on month or compared with a year earlier. The typical home was valued at £298,441 in September, according to the Lloyds…
HSBC plans job cuts across UK wealth business in AI push, FT reports
HSBC (0005) is planning sweeping job cuts across its UK wealth management business, including a sharp reduction in financial advisers and specialist staff, as part of a broader push to integrate AI, the Financial Times reported on Wednesday. SCROLL…
Why Tokenization Needs A New Risk Framework
Jean-Pierre Sfeir is the founder and CEO of FACT ADVISORS, a financial firm helping businesses achieve sustainable growth. Tokenization is the process of creating a digital representation of real assets recorded on blockchain or distributed…
SFC to implement enhancements to HK retail fund regime code in Nov
The Securities and Futures Commission said it will implement regulatory enhancements to the Code on Unit Trusts and Mutual Funds that are scheduled to take effect in November, a move to strengthen the competitiveness and appeal of the city's retail…
CREDIT AGRICOLE SA: CACEIS and Edmond de Rothschild expand their Asset Servicing partnership in Luxembourg
CACEIS and Edmond de Rothschild expand their Asset Servicing partnership in Luxembourg Luxembourg, 6 October 2026 – CACEIS and Edmond de Rothschild announce a strategic Asset Servicing partnership that deepens their cooperation in…
HSBC Plans Deep UK Wealth Job Cuts in AI Push
HSBC Holdings is preparing major job cuts across its UK wealth management business as the banking giant increasingly turns to artificial intelligence and digital services to serve affluent customers more efficiently, according to a Financial Times…
JPMorgan Chase: Expect Q3 Earnings To Reinforce Buy Thesis (NYSE:JPM)
JPMorgan Chase (JPM) remains a buy, supported by durable NII growth, resilient credit trends, and exceptional profitability. JPM's NII momentum is driven by balance-sheet strength and deposit franchise, not just higher rates, with 2026 NII expected…
Taxing the ultra-rich: China's fiscal reality and Hong Kong's imperative to diversify
China's recent tax recovery campaign, targeting the offshore investment gains of its ultra-high-net-worth individuals, signals a decisive shift in Beijing's macroeconomic management. By enforcing a strict 20 percent levy on global offshore trust…
HKMA questions HSBC AI center plan in HK's rival Singapore
The Hong Kong Monetary Authority questioned HSBC's (0005) decision to set up a Global AI Centre of Excellence in Singapore instead of Hong Kong, as it hopes to consolidate Hong Kong's status as an international financial center, foreign media…
Congress is trading on your dime
In the film “Wall Street,” Gordon Gekko called information the most valuable commodity he knew of. Congress took that as a benefits package. On September 30, the Senate voted 53-47 on a bill to limit lawmakers' stock trading, seven…
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