- Managers of Wealth - Europe - Wealth, private banking and asset management news and opinion

Split up the banks – and do it properly

Does anyone seriously believe that a system that depends largely on the good faith of investment bankers will be sufficient to protect savers and taxpayers from future banking crises?

Bob Diamond admits FSA concern over Barclays' culture

Tyrie also asked if a letter existed stating these concerns but Diamond denied its existence.

Bombshell leak from secret FSA Barclays assestment

I understand that the bombshell quotes about Bob Diamond read out by Andrew Tyrie this afternoon came from part of Barclay’s highly secret FSA “Arrow” assessment.

UK banks too fragile for political games

This showed that the big banks have gone some way in the past two or three years to boost their capacity to cope with financial shocks.

"The unacceptable face of banking": The lavish lifestyle of banker Bob and how he made his millions

In a good year, the outgoing chief executive – who resigned Tuesday- could be paid up to £20million – about 1,000 times more than a teller in a high street Barclays.

Private banks have failed – we need a public solution

That's been the pattern of the past few years as Britain's establishment has lurched from the disaster of the Iraq war to the disgrace of parliamentary expense fiddling and media phone-hacking (though in the case of Iraq, the only heads to roll

UK monetary trends are improving - Henderson Global Investors

UK monetary trends are improving, casting doubt on the wisdom of a likely further expansion of QE at this week's MPC meeting.

Markets enjoy a relief rally following EU summit - St James’s Place Wealth

Developed markets enjoyed a relief rally towards the end of last week, buoyed by an agreement reached at the latest EU summit, which allowed equities to end a disappointing second quarter on a positive note.

A bejewelled departure? by David Heaton, Baker Tilly

It will be interesting to see whether Barclays Bank publishes details of Mr Diamond’s termination package, of which all but £30,000 seems likely to be taxable at 50%.

The eurozone’s woes are clouding out a few brighter rays - Rothschild Asset Allocation July 2012

Hopes and fears about the future of the eurozone continue to dominate investor sentiment and drive large swings in markets. While the sense of crisis may ease following the EU summit at the end of June, there are still lots of details to be worked through

Tax and inflation lead European concerns in crisis, Schroders survey finds

The poll also found Germans are far less worried about tax hikes (21%),

Let's end this rotten culture that only rewards rogues

Investment banking is an organised scam masquerading as a business. It is defined by endemic conflicts of interest, systemic amoral behaviour and extreme avarice.

Caught in the Rigging - LIBOR to LIBENT by Justin Urquhart Stewart

Well what else can we say that has not already been said and written about the bursting LIBOR scandal?

Tax Avoidance Boon or Bane

The recent Times series on tax avoidance has triggered a huge spike in coverage of the tax affairs of the rich and famous.

Heads will roll in this scandal’s shock waves

Today Libor’s credibility lies in tatters and the reputation of London as a global financial centre is seriously under threat.

Diamond will struggle to survive this latest debacle

As every entrepreneur knows, the first priority of any successful business must be to serve the customer.

Bob Diamond: profile of one of the world's richest bankers

The American-born Barclays chief executive was once described by Lord Mandelson as the "unacceptable face of banking" over disputed claims that he had been paid £63 million.

CISI comment on LIBOR fixing scandal

The CISI is shocked by the participation of Barclays and possibly other banks in the LIBOR fixing scandal which seriously undermines the integrity of the London market.

Fate of Eurozone Dominates Cyclical Market Forum - UBS Global Asset Management

Three market scenarios are proposed at each Cyclical Market Forum and debated by UBS investors from across the world

UBS's Guide To The Most Troubled Countries In The Eurozone

In a new note, UBS analyst Thomas Wacker and his team give us their update view of the European debt crisis focusing on Greece, Italy, Ireland, Portugal and Spain.

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