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

Top lender setting up in-house private bank in Europe, fast-growing countries

The in-house private bank currently has a little over US$100 billion in assets and about US$50 billion in deposits, he said.

Forcing the Rich to Bail Out Europe

The idea, first floated by a German economic policy group, calls for imposing a 10 percent tax on the wealth of the richest Europeans and forcing them to lend money to their governments.

Coutts again adds to growing Asia adviser team

Coutts said, leading a team of specialists, he will consult with clients on the design of bespoke investment strategies and solutions.

National IFA acquires Barker Poland corporate arm

Barker underwent a restructure in December 2009 in a move which saw its private client wealth management business transferred to newly created Barker Poland Asset Management.

City Diary: How charming - Barclays bankers party with strippers and massage girls

Despite Libor-mania, rogue trading and mis-selling scandals, our pin-stripped - sorry, striped - friends partied until 6am at the Square Mile’s 7th summer party at McQueen’s in Shoreditch.

Credit Suisse Q2 Pre-tax Profit Down

Private Banking with 2Q12 net revenues of CHF 2,704 million and pre-tax income of CHF 775 million

The health of the global private banking industry - Research

Scorpio Partnership’s annual Private Banking Benchmark of the global wealth management industry released today shows international providers weathered the storms of 2011 more successfully than smaller players.

Investment Quorum’ is Private Client Practitioner 'Top 25 IFA' for third year in a row

Investment Quorum’ has been assessed by leading wealth management data and analysis group ‘PAM Insight’ as one of Private Client Practitioner’s ‘Top 25 IFA Companies 2012’.

New Issue of Philanthropy Management

Government taxation of charities tends to reduce the philanthropic sector's ability to address social needs that are often not covered by government, according to Richard Schwartz, Philanthropy Management's editor. "This calls into question

Banca Mediolanum outlines benefits of selling asset management business

Fully owned by its founding shareholders Mediobanca and Banca Mediolanum, two giants in the Italian financial services industry, Banca Esperia is a boutique specialised in wealth management, with assets around €13.5bn.

Midas Balanced Growth Fund removal from the Wealth 150

Founded in 2002, Midas was one of the front-runners in multi-asset fund management: combining a range of different asset classes including government bonds, equities, fixed interest, property and alternative investments, in a single fund.

Credit Suisse warns do not expect deluge from Europe bank asset sale

These include competition for the assets themselves, potentially tighter regulation on risk-taking as ‘shadow banks', and possibly also unrealistic expectations from some clients of the returns achievable from the assets.

Goldman Sachs to build up private banking arm

Shift Into Lower-Margin Lending Reflects Harsh Climate Facing Wall Street

JPMorgan Cuts Investment Banking Compensation

Bloomberg reports that the unit set aside $4.91bn for pay in the first six months of the year, enough to compensate each of the 26,553 employees an average of $184,989 for the period, according to figures posted on the firm's website.

SWFs go shopping for managers

The asset management arms of banks, many of which are keen to sell, are likely to head the list of acquisition targets.

Queen's Bankers Deny Breach In Security

Royal Bank of Scotland-owned Coutts, which has served as banker to the Royal Family since the 18th century, said it had no evidence that client confidentiality had been compromised.

Merrill Lynch Wealth Management launches global investing programme

Merrill Lynch Wealth Management professionals will explore the growing importance of these themes and the opportunities they present; highlighting ways in which the next generation can integrate them into their financial planning process and investment po

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