Companies
Top 50 US firms stashing $1.3trn offshore, says Oxfam
The 50 biggest US corporations have more than a trillion dollars hidden offshore, according to a new report published by Oxfam on Thursday.
Tilney Bestinvest launches one-off advice service
Tilney Bestinvest is launching a new “one-off advice service” designed to serve clients who require advice on investing a single lump sum or making a round of portfolio changes.
JPMorgan cuts Asia wealth management workforce by 5%
JPMorgan Chase has cut around 30 jobs at its Asian wealth management businesses in Hong Kong and Singapore, as the US bank increases its focus on a smaller pool of wealthier clients.
Meyado acquires assets of Portfolio Builders in Singapore
Meyado Private Wealth Management, which is headquartered in London, said its Singapore operation has bought the assets of local financial advisory firm Portfolio Builders for an undisclosed sum.
KBL epb buys Dutch private bank from BNP Paribas WM
KBL European Private Bankers (KBL epb) has entered into a preliminary agreement with BNP Paribas Wealth Management to acquire Insinger de Beaufort, a Dutch private bank.