wealth management

AI boom lifts global billionaire wealth to record $15.1 trillion

The combined wealth of the world's billionaires climbed to a record $15.1 trillion in 2025, surpassing the $15 trillion mark for the first time as the artificial intelligence investment wave lifted technology stocks and minted hundreds of new ultra-rich individuals,…

HSBC beats profit estimates, resumes $1B buyback

HSBC Holdings plc reported second-quarter pretax profit of $10.1 billion on Tuesday, beating analyst estimates of $9.5 billion and resuming share buybacks after a pause tied to its acquisition of Hang Seng Bank. The results cap a strong earnings season…

Standard Chartered launches $1B buyback after Q2 beat

Standard Chartered unveiled a $1 billion share buyback on Wednesday after second-quarter earnings surpassed expectations, powered by a record first-half performance and continued strength in its wealth management business. The London-based lender also raised its full-year income growth outlook, signaling…

Global M&A hit $3T in first half as wealth deals surged

Global financial services mergers and acquisitions edged higher in the first half of 2026, but the headline growth masked a divergence: while deal volume rose modestly, total transaction value fell as billion-dollar combinations became scarcer. Wealth and asset management bucked…

Taiwan’s wealthy move billions to Singapore amid China fears

Taiwanese offshore wealth parked in Singapore has surpassed that held in Hong Kong for the first time, as the island's affluent families increasingly seek to hedge against rising cross-strait tensions with China.

New Perspectives Art Partners unites top art market leaders to manage ‘elite’ collections

Four of the art market's leading figures—Ed Dolman, Brett Gorvy, Patti Wong, and Phillip Hoffman—have joined forces to establish New Perspectives Art Partners, a consultancy firm offering "white glove service" to elite collectors during what they describe as unprecedented shifts…