Opinion on Financial Services in North America

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Type Product title / description Pub Price
CommentWire
CommentWire

UBS: no sign of a seasonal downturn

Swiss investment bank UBS [UBS] has agreed to purchase Julius Baer's North American wealth management business for an undisclosed sum. The transaction, due to be completed in the first quarter of 2005, marks the latest in a long line of acquisitions by UBS, as well as Julius Baer's exit from private banking in North America as it refocuses on core operations.

Published By Datamonitor
08 Dec 2004
CommentWire
CommentWire

UBS: ditching Warburg and PaineWebber

UBS, the world's biggest private bank, wants its identity to rival HSBC and Citigroup. It will ditch its well-known Warburg and PaineWebber brands - taking a $1 billion write-off on the discarded names. While the move should eventually pay off in attracting new business, the short-term upheaval may scare conservative private banking customers away.

Published By Datamonitor
13 Nov 2002
CommentWire
CommentWire

UBS: cutting the threshold

UBS' plan to reach the mass affluent has aroused hostility within its merger partner PaineWebber, which fears being swamped by its Swiss parent. Ultimately, however, new moves to cater for the mass affluent are part of a process begun by the PaineWebber deal itself.

Published By Datamonitor
02 Jul 2002
CommentWire
CommentWire

UBS: Citigroup's woes could be wealth management opportunity

UBS' [UBS] results show a 37% increase in UBS Wealth Management's pre-tax profits for the first nine months of 2004, with record levels of invested assets and continued investment in expansion and recruitment. Having returned to the Japanese market during Citigroup's [C] recent regulatory troubles there, the wealth manager now has a significant opportunity that could propel it to greater heights.

Published By Datamonitor
03 Nov 2004
CommentWire
CommentWire

UBS/EnronOnline: customers once bitten, twice shy

Despite UBS' AA+ credit rating, rebuilding the shattered confidence of former EnronOnline clients will be a tall order for the Swiss bank. It has been successful in retaining Enron employees, including senior staff, but many customers have already defected to healthier rivals following the collapse.

Published By Datamonitor
12 Feb 2002
Expert View
Expert View

UBS returns to vanilla wealth management

The global financial system is opening up in the wake of the financial crisis, with information exchanges between countries becoming more common and the regulatory burden for companies and asset managers increasing. Therefore it should come as no surprise that UBS has started retreating from some of its offshore centers to refocus on its roots as a boring but trusted wealth manager.

Published By Datamonitor
29 Nov 2012
Expert View
Expert View

Toronto-Dominion Bank: the Canadians are coming!

Canada-based Toronto-Dominion Bank is contemplating a move into the US wealth management market as it looks for a new customer base for its mutual funds and financial advice. Value chain migration is the route to wealth management clients, but finding them is only the first step.

Published By Datamonitor
01 Feb 2012
Expert View
Expert View

Think big for cashless payments

The concept of cashless transactions appeals to consumers and suppliers alike. It reduces the overheads of handling cash, cuts down on the risk of theft, and the inconvenience of having to find the right amount of change for a vending or car park machine. However, there are a few things that every organization should know about cashless payments before committing to such a scheme.

Published By Datamonitor
05 Sep 2006
Expert View
Expert View

The US: a major boost for contactless payments via transit applications

The Chicago Transit Authority is preparing a request for the development of a contactless fare collection system by means of open-loop payment and prepaid cards. If this development materializes, industry players are more likely to repeat the same model in other markets, which would symbolize a major boost for contactless payments worldwide.

Published By Datamonitor
28 Aug 2009
Expert View
Expert View

The retention of 600 Morgan Keegan advisors highlights the advisor support network of Raymond James

Raymond James has completed the acquisition of Morgan Keegan, with over 600 of the latter's advisors agreeing to remain with the combined firm. Raymond James has already launched the Advisor Mastery Program to develop future advisors, and a social media compliance partnership has further increased its attractiveness.

Published By Datamonitor
12 Apr 2012

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