Cybercrooks have developed regionally-targeted banking Trojans that are more likely to slip under the radar of anti-virus defences. Detection rates for regional malware vary between zero and 20 per cent, according to a study by transaction security firm Trusteer. This company markets browser security add-ons to banks, which offer them to consumers as a way of reducing the risk of malware on PCs resulting in banking fraud.
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In what is shaping up to be a record year for sales of wealth management firms, advisers looking for the best possible deal need to look at their business as if they were a buyer.
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Switzerland’s Sarasin Group has launched a range of Shariah-compliant private banking products and services in Qatar to meet what it said ‘the rising global demand for Islamic financial products’.
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On October 1, Barclays Wealth Management (BCS) in the Americas launched eight ETF-based portfolios for clients with assets of $10 million or more. The portfolios will allow large clients to open small, diversified accounts, such as those for their grandchildren.
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Barclays Wealth jumped into the active exchange-traded fund pool this month, launching a family of eight actively managed ETFs geared toward high-net worth investors.
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Barclays Wealth has announced the launch of its Target Growth Plan which enables investors to claw back 2008 losses without requiring the market to stage any kind of a recovery.
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Many banks, which once actively sold complex structured products, now woo customers with products that are less risky and easier to grasp though the returns may be lower.
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