Ultrahigh net worth

The pandemic has underscored the need for more socially and environmentally responsible financing.

Credit Suisse has discovered fraud at its international wealth management business, two years after it was criticized by a regulator in a similar case that rattled the bank and raised questions about controls.

The move is one of the largest of the year.

Any tax increases on high-income individuals and corporations would be offset by massive spending packages targeted at accelerating the country’s recovery from the coronavirus, according to the firm.

Procyon Partners, which caters to UHNW clients and retirement plans, had a rocky separation from the same former firm.

Perceptions on relationships, health, and lifestyle have also changed.

The move follows efforts to reduce expenses in the company’s global wealth management business.

“They’re now realizing: Let’s actually get the contingency plan in place,” said Dominic Volek, head of sales at Henley & Partners, the world’s biggest citizenship and residency advisory firm.

Affluent investors are concerned about transparency, performance and value, according to a new report by Capgemini.

Talks had focused on plans to attract $15 billion of assets under management, mostly from wealthy Latin Americans, according to people familiar with the matter.