Companies
HSBC sets up private banking hub in UAE
It will offer wealth management services to clients with investable assets of over $2m
Goldman Sachs to merge wealth and asset management units
It reverses the decision to split the divisions just two years ago
Kingswood secures up to £150m debt facility
Money will be used to fund current and future acquisitions
£890m lost to investment fraud last year
39% of victims were between the ages of 20 and 39
UK financial advice business fails
Lifeboat scheme has received five claims against the company