HSBC admits that it suffered from “control failures” in the past, but insists it has taken steps to clean up its act and its current client base
Europe

‘Perfect story’ scuppers Swiss brand clean-up
Switzerland’s private banks have been trying to remodel themselves but the HSBC affair is the latest in a series of setbacks proving they still have a long way to go

Bargains to be found as emerging markets fall out of fashion
Most private banks are underweight emerging market equities following a torrid couple of years for these economies, but attractive valuations could represent something of a buying opportunity

Swiss stagger under weight of franc fallout
The profitability of Swiss private banks will be hit by the SNB’s withdrawal of the currency ceiling and could speed up the shift of some operations overseas

Berenberg battles for bigger slice of global private banking business
Peter Raskin, who runs Berenberg’s international operations out of London, explains why the German stalwart is determined to increase its global presence

Family offices join forces to take on banks
As global banks struggle with damaged reputations, smaller investment firms sense an opportunity to win market share and the recent M&A activity could be a sign of things to come
Europe a relatively bright spot within active management
Those active managers dealing in European equities, who have kept things simple and correctly identified and stuck to top-down trends, have tended to add alpha

BNP Paribas locks horns with European heavyweights
As both Europe and Asia emerge as key markets for BNP Paribas Wealth Management, co-heads Vincent Lecomte and Sofia Merlo discuss the French bank’s ambitious growth strategy

Banks ignore technology at their peril warns Nucleus Financial
Clients crave the transparency and efficiency technology brings and those banks which are unwilling to adopt full online trading will suffer, believes David Ferguson of Nucleus Financial

The ups and downs of inflation
The eurozone is perilously close to slipping into deflation while there are fears that the Fed’s huge quantitative easing programme could lead to high inflation in the US. How worried should investors be?
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