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StanChart’s pursuit of wealth may be a waste of time

Bill Winters is trying, but it won’t be easy for the Standard Chartered Plc CEO to rebuild a wealth-management franchise that became an object of archaeological curiosity on his predecessor Peter Sands’s eight-year watch. It’s not clear if it’s worth the effort. The challenge starts at the top, with acquiring clients’ wealth, and gets tougher in the middle and at ...

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Americans’ savings make wealth managers rich

There was an interesting and slightly scary article in the Wall Street Journal recently, in which reporter Andrea Fuller tries to find out what fees she’s paying to the financial adviser who manages her money. At long last, after a torturous experience with the company, she finally manages to find out how much she’s paying — 1.4 percent of assets ...

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Deutsche’s Cryan sees better revenue opportunities in 2017

Bloomberg Deutsche Bank AG Chief Executive Officer (CEO) John Cryan said there are more opportunities to increase revenue this year as Europe’s largest investment bank continues its turnaround plan. “2017 is another year of restructuring even though in a better outlook,” Cryan told the bank’s shareholders on Thursday at the annual general meeting in Frankfurt. “We see better revenue opportunities, ...

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