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We haven't written up this one. Handelsblatt has the full story — the link below goes straight to it.
Rathbones posted a rise in funds under management and administration as its wealth management arm returned to net inflows. Funds under management and adminsitration increased 7.2 per cent year on year to £121.1bn. Its wealth management arm achieved net inflows, increasing to £24m after reporting losses of £300m the previous year.
Rathbones face another multi-million pound hit after a second Financial Conduct Authority order into the wealth manager. Rathbone’s subsidiary, Vision Independent Financial Planning, has received a Section 166 notice from the City watchdog, which requires the FTSE 250 firm to conduct a “Skilled Person” review into the business.
Philanthropic organisation Ford Foundation elected National Women s Law Center president Fatima Goss Graves to its board of trustees to guide international grant programs
Do you belong to the upper class? A new study shows a comparison: The interactive calculator determines where you stand. For one group, advancement to the top earners is particularly difficult.
"Made in Germany" still enjoys prestige in China. But the former glory is fading - and jokes about a German problem are spreading, our Shanghai correspondent observes.
After jumping to a one-month high, investors are once again taking profits. Even positive quarterly figures cannot sustainably strengthen investor confidence.
