By Angela Chen
HSBC's Swiss-based private banking arm has admitted to the Securities and Exchange Commission that it provided unregistered brokerage and investment advisory services to U.S. clients, and it will pay $12.5 million to settle the charges, the SEC said Tuesday.
By Mercedes Alvaro
QUITO--Twenty-three private banks operating in Ecuador, along with the state-run Banco del Pacifico, posted a combined $285 million net profit for the January-October period, up 27% from the year before, the Banking Superintendency, the country's banking regulator, said.
Northern Trust has been named Best Private Bank in the USA for the sixth
consecutive year by Professional Wealth Management ( PWM)
and The Banker magazines, both published by The Financial Times
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