Moves

Julius Baer granted Hong Kong banking licence

Swiss private bank Julius Baer receives a Hong Kong banking licence from the HKMA and reiterates its commitment to Asia and its growth ambitions for assets under management in the region.

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The Chinese yuan is:



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Overvalued versus the dollar
  22%
 
Undervalued versus the dollar
  49%
 
At fair value versus the dollar
  29%
TOTAL VOTES: 65
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May 2012 Magazine
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What's in this issue

Family offices come of age
Consumer-bank distributors speak
Hedge funds: the next generation