The errors first occurred between 2006 and 2012, and NAB Wealth handed out $1.9 million in compensation to around 43,000 customers in 2012. NAB Wealth found it needed to pay almost $200,000 of further ...

(Reuters) -Citigroup nearly credited about $6 billion to a customer's account in its wealth-management business by accident, Bloomberg News reported on Monday, citing people familiar with the matter.

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Last year, Norway’s $1.5tn sovereign wealth fund revealed that it had lost NKr980mn, roughly $92mn, on an ...

With $1.31 trillion of assets under management (as of June 30, 2014), Deutsche Asset & Wealth Management¹ is one of the world's leading investment organizations.