For ultra-wealthy families, a family bank represents both a powerful conceptual framework and, in some cases, a formally structured approach to deploying capital. More than just a financial tool, family banking creates a foundation for fostering legacy that extends far beyond numbers on balance sheets. Here we explore this model, explain how it integrates with family office operations, and highlight key considerations that modern family office builders should understand when implementing this time-tested approach.
Private equity firms have emerged as significant players in the banking sector, marking a notable shift in the dynamic world of finance.
Three years after the end of World War II, the Deutsche Mark (DM) was introduced as the official currency in the Western Zones. Since 2001, the banknote has been in history. But even at the end of 2022, D-Mark coins and banknotes worth around 12.3 billion were still in circulation, according to the Bundesbank.
Nowadays, many firms are exploring various forms of AI for a range of uses. They look for greater back-office and middle-office efficiency and to secure better experiences and outcomes for clients. How do wealth managers cope with AI?
The digital euro is to be part of people's everyday lives in a few years, says Joachim Nagel, president of the German Bundesbank. The euro currency guards are already working intensively on a digital version of the common currency.
Private investors are becoming more important and are changing football in the background more strongly than many think. The role of super-rich owners, including oil-producing countries, is continuing to decline. Football is rapidly changing from an economic point of view after the Corona pandemic.
According to data provided by GlobalData, the top 25 global banks had a mixed performance in the third quarter of 2023. Their aggregate market capitalization dropped by 1.3%.
Climate change poses significant risks to the global economy, and the financial sector is not immune to its effects. Recognizing the need to address these risks the European Banking Authority (EBA) has announced several changes to ensure that banks fully reflect climate change risks in their capital buffers. In this article, we will explore the EBA's proposed measures and their implications for the banking industry.
The past 18 months have been the best period for global banking overall since at least 2007, as rising interest rates have boosted profits in a more comfortable credit environment.
As the use of physical cash declines and digital transactions become more prevalent, central banks around the world are exploring the idea of Central Bank Digital Currencies (CBDCs). CBDCs are a form of digital currency issued and regulated by a country's central bank. The following article explores the intricacies of CBDCs, their potential benefits and concerns, and the countries that have already implemented them.
The impact of artificial intelligence (AI) in banking is immense. Many different banking and financial companies keep themselves updated with recent trends. According to The Economist Impact, which regularly publishes analysis and research, 77% of bankers believe that the ability to unlock the value of AI will be the difference between the success or failure of banks.
Foreign currencies’ fluctuations significantly impact the financial planning and investment portfolios of HNWIs and UHNWIs. Positive effects include enhanced asset value, increased repatriated profits, greater international purchasing power, geographic diversification, and arbitrage possibilities. These allow for value preservation and profit maximisation from international investments.
Rising interest rates are cooling the appetite for mergers and acquisitions of European banks. While many predicted that higher borrowing costs would provide more funds and spur reshuffles among the sector's major players, lenders are actually staying away or even walking away from deals. The timing is proving unfavorable, as the true value of assets that would be devalued under current conditions is coming to light as they are purchased.
In Monaco, where nearly one in three residents is a millionaire, the stakes for securing your wealth couldn't be higher. Specifically, the Principality's private banking sector, known for its robust financial stability and tax-friendly regime, stands as an exclusive haven for Ultra-High-Net-Worth Individuals (UHNWIs) and High-Net-Worth Individuals (HNWIs).
In the beginning, it was known as Schweizerische Kreditanstalt. Through successes and crises, Credit Suisse has helped write and shape Switzerland's modern financial history. It has survived for almost 167 years, from the 19th to the 21st century. The end of Credit Suisse goes hand in hand with an epochal break.
Bank insolvency is a pressing issue with global financial implications. When a bank fails, it disrupts the economy and affects individuals and businesses. In the past few years, well-known bank failures like Signature Bank, Bear Stearns, and Lehman Brothers have shown what reasons and results such failures have. This piece looks at these cases and talks about what went wrong and what lessons can be learned from them.
If you look at the predictions from a few years ago about the size of the assets that the asset and wealth management (AWM) industry will manage today, you'll realize that some predictions simply aren't coming true.
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In a proactive move towards addressing the urgent issue of climate change, banks in the Philippines have taken decisive action. Recognising the pressing need to mitigate the environmental impact of their operations, these financial institutions have embarked on a series of initiatives aimed at promoting sustainability and reducing their carbon footprint.
When it comes to protecting one's financial anonymity, many think immediately of the Swiss banking secrecy. Since the introduction of the international exchange of information on bank data, Swiss banking secrecy has lost its prominence. Read on to see what has changed in this regard.
Are you looking to take the complexity out of growing and developing your family office? Altoo offers a solution that does just that by enabling families to organize and manage their data in a secure accessible way. Altoo has already enabled many family offices to realize the benefits of transitioning to open banking while maintaining […]
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Open Banking is an umbrella term used to describe technology that allows clients of banks (or accredited third parties) to access client data (e.g. transactions & holdings) or services of the bank (e.g. payments) via an API rather than via the bank's e-banking platform. Having such APIs available allows for a seamless integration of banking data and services in third party applications. The Institut für Finanzdienstleistungen Zug (IFZ) Open Banking has now published the IFZ Open Banking Study 2022 which analyses the state of open banking in the Swiss banking landscape.
