private-bank

A person close to the matter said the bank found it was difficult to make a good profit on that segment, which isn't as wealthy as private-bank clients but seeks a similar level of service.

HSBC Plans Course Correction Sara Schaefer Muñoz 2011

About 2,100 companies and investors attended the conference, as well as about 200 private-bank clients, making it one of the largest such events in the region.

UBS Pushes Its 'Brand' in Asia Alison Tudor 2011

Credit Suisse was fined by Britain's Financial Services Authority after some of its U.K. private-bank clients sustained millions of dollars in losses from buying structured products whose risks the bank didn't always make sufficiently clear.

What's News 2011

While investment-banking job cuts were expected following a slowdown on Wall Street in recent months and cuts at rivals, the private-bank cutbacks are more of a surprise.

Credit Suisse Planning to Reduce Ranks by 3% Katharina Bart 2011

LONDON— Credit Suisse Group on Tuesday was fined £5.95 million $9.5 million by Britain's Financial Services Authority after some of its U.K. private-bank clients lost nearly £200 million from buying structured products whose risks the bank didn't always make sufficiently clear.

Credit Suisse Fined in U.K. Margot Patrick 2011

It will cut costs at the private-bank units throughout Europe, where low interest rates and euro-zone jitters have made it particularly hard to squeeze extra fees from wealthy clients.

Credit Suisse Cuts Jobs, Shrinks Investment Unit Deborah Ball 2011

In the shorter term, many investment-bank and private-bank clients have opted to do less business this year because of market volatility, hitting trading volumes and revenue.

European Banks Slash Jobs Margot Patrick 2011

While the low interest rate environment globally has weighed on mortgage interest earnings for Singapore banks, the loan book of OCBC has outperformed, helped in large part by the strength of its private-bank loan book.

OCBC Net Falls 7% Sam Holmes 2011

In autumn 2008, as the financial crisis heated up, Anglo Irish's private-bank unit bought a controlling equity interest from real-estate investor Rockpoint Group and its partners.

Beantown Scores Trifecta of Deals 2011

Crosstown rival UBS AG is cutting 250 jobs from a private-bank unit that offers investment bank-style products to wealthy clients, a person said this month.

Credit Suisse Planning to Reduce Ranks by 3% Katharina Bart 2011