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HSBC said looking at asset and wealth management deals

HSBC Canary Wharf

HSBC is planning to pursue deals to expand in asset and wealth management as the bank seeks to capitalize on the growing funds of the middle class in Asia and diversify its business away from traditional lending, according to two people with knowledge of the plans.

UBS hosts client gig - in a prison

Prison Window

UBS’s wealth managers hosted clients last week in an unlikely Manhattan location - a former women’s prison with concrete walls and solitary confinement cells. It’s the site of a photography exhibition sponsored by the bank, “Women: New Portraits,” by Annie Leibovitz.

People News: Bank of America, Barclays

Bank Of America Building

Bank of America's global wealth and investment management division said Keith Banks, president of the company's U.S. Trust unit, would take on the additional role as head of its newly created chief investment office and investment solutions group.

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HSBC Canary Wharf

HSBC said looking at asset and wealth management deals

HSBC is planning to pursue deals to expand in asset and wealth management as the bank seeks to capitalize on the growing funds of the middle class in Asia and diversify its business away from traditional lending, according to two people with knowledge of the plans.