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

Government must take the lead with state pensions dashboards data

Ensuring people trust the information they see when dashboards launch is accurate and complete will be absolutely critical in gaining legitimacy.

The Brexit banking jobs tsunami that wasn't

This is partly because most jobs that need to be moved out of London have moved already.

Number of suspected money laundering cases in Germany doubled in 2019

“One problem for us is that the prosecution of money laundering is not traditionally well established in Germany,” FIU boss Christof Schulte told Tagespiegel newspaper.

Purplebricks fined after money-laundering breach

Under 2017 money-laundering rules estate agencies and buying agencies are responsible for carrying out checks on the financial background of their clients to stop money being laundered through the buying and selling of property. H

Van Lanschot Kempen to acquire €2bn banking group

This transaction will help us grow our client assets by €1.9 billion.

DAC6 – Extension of Cyprus Reporting Deadlines

The first periodical reporting by the Cypriot Tax Authorities to other interested countries will take place on 30 April 2021.

DLA Piper enters disputes funding market with Litigation Capital Management deal

The deal expands LCM’s capabilities in working with law firms of significant scale and global reach.

Ogier advises APG Asset Management on purchase of stake in premium shopping outlet operator

The sale of VIA is subject to Hammerson shareholder approval and it is anticipated that the sale will complete in the fourth quarter of 2020.

HMRC ‘plea bargain’ tax evader deals collect extra £120m

Plea bargain deals give taxpayers immunity from criminal investigations as HMRC steps up investigations to help pay for coronavirus economic assistance

Monument Re to acquire Belgian life insurance and mortgage portfolios from Allianz

All related assets and liabilities of the respective portfolio will be transferred to MAB, with protection of the policyholder rights, subject to regulatory approvals.

UK banks overtake European and US counterparts for number of women on their boards

Great strides in female representation at board level have been made by actively embedding diversity and inclusion into hiring practices

AJ Bell names third party MPS partners

The third-party MPS will sit alongside the existing AJ Bell MPS option and the AJ Bell multi-asset funds.

EBRD and CaixaBank boost SME financing in Morocco

In Morocco, the EBRD was one of the first financial institutions to develop financial and advisory instruments to mitigate the impact of the COVID-19 pandemic on the economy.

AML, KYC and Sanctions Fines for Global Financial Institutions Reach $5.6 Billion Mid-Year

Repercussions from high profile scandals and compliance failings hit US, Israeli, Nordic and German banks hardest

‘Interest rates have become less important,’ what SGKB’s CIO wants from the SNB

Thomas Stucki said that extraordinary measures in response to the coronavirus crisis were correct, but that the current situation could not be permanent.

World's biggest wealth fund's embarrassing recruitment debacle

The government has now acknowledged the time might be ripe to consider some changes to the whole process.

Crispin Odey readies emergency plan as assault trial looms

It would involve shutting the flagship European fund he manages and returning the money to investors.

Cum-ex scandal: Six German bankers charged with €160 million fraud

Proceedings against another employee of the bank were dropped for health reasons, the prosecutor confirms.

Private equity is back — so are its critics

Animal spirits are stirring among the controversial breed

FCA: Conduct Rules reporting for solo-regulated firms under REP008

The PRA has published a new webpage on the fourth meeting of the PRA and FCA's joint Climate Financial Risk Forum (CFRF) in July 2020, where the CFRF discussed its strategy for its second year of work.

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