Family Offices Battle to Manage Ultra-Rich Clients

Aug. 6 (Bloomberg) -- Ascent Private Capital Management, a new unit of U.S. Bancorp, was the second fastest-growing money manager in the world catering to wealthy families in 2012, according to Bloomberg Markets' annual ranking of family offices. Michael Cole, head of Ascent, is determined to make Minneapolis based U.S. Bancorp, the fifth-largest U.S. lender, a contender in the market for high-end financial services. The ranking is featured in the September issue of Bloomberg Markets magazine. Bloomberg's Maureen Damer reports. (Source: Bloomberg)

Draghi, Yellen and the Expectations of Global Markets
05:17 - Bloomberg's Simon Kennedy and Michael McKee examine expectations for further stimulus from the European Central Bank on Thursday and watching for signals in comments this week from Federal Reserve Chair Janet Yellen about a potential rate hike from the bank. They speak on "Bloomberg Markets." (Source: Bloomberg)
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