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

UBS is cutting back its investment banking division (IBD) representing between 5 and 10 percent of the jobs within the Swiss bank's advisory arm, several UBS bankers said.

Private banks seek to tie in loan clients

Private banks are tightening their lending criteria for large mortgages, insisting that clients invest cash with them in return for a loan, or to get the best rates.

Meet The World's Richest Billionaire Hedge Fund Managers

The 30th annual Forbes 400 list of billionaires is out.

UBS chief executive Oswald Gruebel: 'I have backing of the board'

Arriving in Singapore for meetings with the bank's management and board, Gruebel laughed when asked by Reuters at his hotel on Wednesday if he still had the board's backing and said, "Yes. Always."

BNP Paribas launches new custody and settlement service

BNP Paribas Securities Services has announced that it has launched a service that allows financial intermediaries to shorten their deployment time to new markets, optimising liquidity and boosting client service.

RBC Wealth Management bags STEP award

Competing against bank-owned trust companies from around the world, RBC Wealth Management was judged to have demonstrated success in a number of areas including client retention; in-house investment management capabilities and performance; client tax advi

UBS chairman says committed to investment bank-paper

UBS is still committed to its investment bank, under fire after one of its London traders was charged over a $2 billion loss, the bank's Chairman Kaspar Villiger told a Swiss newspaper.

Rathbones plans triple bond launch for ex RBC man

Rathbone Investment Management International is planning to launch three global fixed income strategies for Peter Lucas, who joined the group from RBC Wealth Management in July.

HSBC lifts gold price forecast

HSBC lifted its 2012 gold price forecast to $2,025 an ounce from $1,625 previously, while GFMS said it could “easily” see gold spiking through $2,000 an ounce by the end of this year.

Former Tchenguiz lieutenants Aaron Brown and Mark Grunnell set up Red Oak Capital Partners

Banks threaten to move HQs overseas

HSBC, Barclays and Standard Chartered are all considering whether they should move away from the UK unless the Government waters down tough proposals from the Independent Commission on Banking (ICB), out tomorrow.

From meltdown to the Eden project

It has ambitious plans. In February, Ed Rosengarten, the former chief executive of equities at M&G, joined Eden to transform it into a serious player in the asset management business.

Combined Net Worth of Social Media Tycoons Near $100bn - study

The fortunes of social media entrepreneurs including the founder of Facebook, Mark Zuckerberg; the brains behind Zynga, Mark Pincus; and the man who introduced Twitter, Jack Dorsey, are at an all-time high, according to a study on 30 of the world's r

Canaccord ends talks on possible bid for U.K. stockbroker

A potential bid for U.K. stockbroker The Evolution Group PLC by Vancouver-based Canaccord Financial Inc. (TSX:CF) is no longer in the works.

Credit Suisse Private Bank Head Launches Business Review -Memo

Credit Suisse Group (CS)informed its private banking staff Wednesday of a unit-wide review of its businesses, costs and revenues, after second-quarter profits were battered by the strong Swiss franc.

Wealth and Asset Management

New world billionaires boost house prices

Charities 'risk reputational damage' over ethical investment

Edinburgh told it must raise its game to lure asset finance firms

UBS jobs in peril as CEO quits over alleged rogue trader scandal

UBS cutting up to 10 percent of advisory arm