Swiss market regulator Finma has issued a CHF6.5m (€6.07m) fine to Swiss banking group Coutts & Co in a money laundering case linked to Malaysian sovereign wealth fund 1Malaysia Development Berhad (1MDB). Finma considered Coutts has seriously breached money laundering regulations by failing to carry out adequate background checks into business relationships and transactions associated with Malaysian […]
Swiss asset manager Union Bancaire Privée (UBP) has announced the firm has reached an agreement to acquire Coutts, the international private banking and wealth management business of the Royal Bank of Scotland (RBS). The cost of this acquisition has not been disclosed but according to Reuters, RBS was expecting last year to sell Coutts for […]
Latest research by Coutts, the bank targeting high net worth individuals, finds that the outlook for German equities is positive, but it has concerns over yields from German government bonds.
Arbuthnot Latham is expanding its wealth management actvities with several new hires, including two from Coutts, another private bank in London.
China, for long the favoured emerging markets destination for investors seeking higher yields, is losing ground to other markets in South-east Asia.
Gary Dugan, CIO of Emirates NBD’s private banking arm, has resigned to join Coutts, Reuters has reported.
Coutts, the wealth division of the Royal Bank of Scotland group, has appointed Errol D’Souza as chief risk officer for Asia.
Berenberg Bank has had quite some experience helping wealthy expatriates: some 421 years, to be exact.