Abu Dhabi sets sights New York, London and Singapore Banking Over the last decade, Abu Dhabi has attracted more than 300 financial firms, with a combined $28.6 trillion in assets globally, as the city positions itself as a global “capital of capital.” ADGM, Abu Dhabi’s international financial centre, revealed it has experienced rapid growth from financial firms over the last three years, increasing from 131 [...]
Could this be the clearest sign yet that the rich are leaving Britain? Business It’s hard to know quite how many of the super-rich are leaving London. Some say departure numbers are well into four figures so far this year – others that the estimates are overstated. We can’t get a precise number, but one thing is for sure: it’s happening. The anecdotal evidence of high net worth folk [...]
Rolex is London’s most stolen luxury watch, but few recovered by Met Police Wealth Over 5,000 luxury watches have been stolen in London over the last three years, but barely one in 88 of these watches has been recovered by the Metropolitan Police. According to a Freedom of Information request seen by City PM, there have been 5,180 high-value watches, worth £3,000 or more, stolen between January 2022 and [...]
HSBC UK beefs up wealth arm with ‘generational’ bet September 26, 2025 HSBC UK is making a “generational” play to beef up its wealth arm as the banking juggernaut eyes global dominance in the field. The FTSE 100 titan will launch a new Wealth Academy this autumn, the bank’s managing director of wealth Christopher Dean told City PM, in partnership with the London Business School. The bank’s [...]
The spectre of 2008 haunts banks’ push into private credit September 2, 2025 Britain’s biggest banks are trying to grab a slice of the rapidly expanding private credit market, but as they look to grow, memories of the financial crisis are coming back to haunt the lenders. The global private credit market notched $2 trillion (£1.5 trillion) assets under management in 2024 and is expected to grow to $2.8 trillion [...]
Rumoured changes to inheritance tax gifting spark concern for middle-class August 15, 2025 Reeves is looking at measures to increase revenue from inheritance tax by tightening gift rules, a move that may disproportionately affect the middle class.
