Wealth management

Behind HSBC’s U.S. retail banking turnaround

08/04/17

The global bank’s U.S. unit has bounced back, aided by growth in deposits and wealth management profits as well as a focus on international customers. A $125 million investment in tech and branches hasn’t hurt either.

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Don't overlook diversity as a source of Alpha

08/01/17

As an investment community, we have to realize that any system with 90% homogeneity is vulnerable, while diversity makes the system more resilient.

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Citi’s ambition: Mobile-first banking for the affluent

07/25/17

The new Citigold program for affluent customers is more than a product — it is the centerpiece of Citigroup's vision for the future, which will also rely on branch closures and sophisticated apps.

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Why Maria Vullo is a fintech skeptic

07/20/17

A profile of New York's superintendent of banking offers insight into her thinking on hot regulatory issues; the women behind the machine learning at Morgan Stanley and UBS see a future with better advice; plus, Jane Austen and the new Doctor Who.

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Northern Trust’s severance costs eclipse growth in trust services

07/19/17

Second-quarter profit improved modestly at Northern Trust as severance costs offset growth in trust and institutional services.

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AI is augmenting Morgan Stanley’s advisers — not replacing them

07/18/17

Convinced that clients want as much human interaction as ever, the Wall Street firm is using machine learning to help its financial advisers stay informed and work efficiently.

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In surprise move, BNY Mellon hires Charles Scharf as CEO

07/17/17

Scharf, a former Visa CEO and JPMorgan executive, succeeds Gerald Hassell as leader of Bank of New York Mellon.

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Lending surges at First Republic, driving 2Q profit up 20%

07/14/17

Expenses also rose, as well as the provision for loan losses, but credit quality remained spotless at the lender to the wealthy.

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Bank loses pay discrimination lawsuit

07/13/17

A community bank gets taken to task by the Equal Employment Opportunity Commission. Tennis player Andy Murray makes his mom — and lots of other women — proud at Wimbledon. Also, the Bank of England's Charlotte Hogg and Morgan Stanley's Naureen Hassan.

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Why AI still has a ways to go in wealth management

07/13/17

Artificial intelligence can help wealth managers serve clients better, but some say the technology is too immature to be useful right now.

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