Web's Best – June 2016

Biggest Losers: 12 Billionaires Hit Hard By Brexit

A palpable atmosphere of shock, chaos and fear was felt last Friday after Brexit’s win — if you could ever call it that. – June 30 / Wealth

The World’s Top UHNW Lawyers In Association With Wealth

Compiled in partnership with Wealth, Asia’s leading marketplace for connecting ultra-high-net-worth (UHNW) individuals to professional services, we bring you a list of the world’s top UHNW lawyers and their firms. – June 30 / Wealth

Goldman Sachs to «figure out» Post-Brexit Operations

In an interview with the Nikkei, Goldman Sachs president and CEO Lloyd Blankfein talked about the world economy and how Brexit may affect U.K. and EU operations. – June 28 / Nikkei

The Real Threat to Britain’s Borders Is the Flow of Dirty Money

It’s probably remain’s least used argument, but isolated nations are unable to fight organised crime. Only real cooperation in Europe can have an impact. – June 27 / The Guardian

Compliance Nightmare: When Bank Acquisitions Go Bad

HSBC’s Household International shows how banks can lose more than 100 percent on their acquisitions. – June 20 / Regulation Asia

The Riddle of the Ex-Credit Suisse Banker’s $14 Million Paycheck

The last place you’d expect to find one of Credit Suisse’s highest-paid executives in 2015 is Brazil, given all the political and economic challenges facing the country. – June 20 / Bloomberg

Goldman Sachs Hangs a Shingle on Main Street

You used to need $10 million to become a customer of Goldman Sachs. Now you can get in with a dollar. – June 20 / New York Times

Standard Chartered to Consider Private Bank in China

British bank Standard Chartered will consider next year whether it should start an onshore private bank in China. – June 15 / Straits Times

Sales Lessons From Trump University

From a sales perspective, we can all learn from the «playbook» recently released from Trump University. – June 12 / WealthManagement.com

Swiss Bankers Expect Influx in Case of Brexit

Swiss wealth managers said Friday they would expect an influx of funds from skittish international investors if British voters choose to leave the European Union in a June 23 referendum. – June 11 / Fin24

How a 143-Year-Old Swiss Bank Took a Quick Road to Ruin in Asia

A look back at the recent troubled demise of Lugano's BSI and the main characters involved. – June 10 / Bloomberg

Blockchain Technology Can Help Banks Beat Money-Laundering, Hong Kong Regulator Says

Central banks are taking an interest in blockchain to cut the risk of fraud and weed out suspicious transactions. – June 8 / SCMP

Now You Can Go to Jail for KYC Shortcomings

KYC (know your customer) has taken on a whole new regulatory and operational meaning in 2016. Bankers and investment managers need to think carefully and articulate to themselves and clients what stands for «good» or «sufficient» reporting standards. – June 6 / Regulation Asia

Korea Joins The Asian Fintech Rush

Seoul encouraged to use its technology expertise become a fintech hub for North Asia. – June 6 / Korea Times 

Ex-Barclays Chief in New Fintech Venture

Former Barclays boss Antony Jenkins has registered a new business called 10X Future Technologies. – June 4 / The Telegraph

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