Displaying 28 results
Credit Suisse profit boosted by private banking, asset management
Credit Suisse Group posted a fourth-quarter net profit of 793 million Swiss francs ($746 million) on Thursday, blaming writedowns and a hefty U.S. legal settlement for failing to meet expectations.
Citigroup’s private bank snags former Bank of America exec
David Bailin, a former Bank of America executive, was named managing director of Citi Private Bank, Citigroup said Friday.
Boston Private’s shares jump on buyback of preferred securities
Boston Private Financial Holdings Inc. last week announced that it repurchased $44.5 million of publicly traded convertible-trust preferred securities at a 44% discount to their issuance price in 2004.
Fate of ING’s broker-dealer network uncertain
ING Groep NV's decision to sell its Swiss private-banking unit to Julius Baer Group is renewing speculation that the insurer may soon sell off most of its broker-dealer network in the United States.
European and Asian banks emerge as bidders for ING’s private-banking unit
ING Groep NV, the giant Amsterdam, Netherlands-based financial services firm, has selected at least three European and Asian banks to submit final bids for the troubled company's private-banking operations, according to published reports.
Northern Trust spent bailout bucks on golf gala, Dems say
Northern Trust should return millions it spent sponsoring a professional golf tourney last week as it received $1.5 billion in federal bailout money, Dems say.
Citigroup’s top private-bank exec leaves
John Longley, who was chief executive of Citi Private Bank in the United States and Canada, has left “to pursue other opportunities.”
LPL recruits another exec from a rival
Christopher Poch will run the private trust group at the firm.
