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

Dutch Review Bonus Cap As Banks Point to Hiring Issues

The national parliament would have to ratify any changes before they take effect.

The Irish Times view on European banking: an unfinished project

German opposition to a takeover of Commerzbank by UniCredit is a symptom of a wider issue

FCA and BoE open digital securities sandbox

Firms can even arrange pre-application meeting with the regulators in order to better understand the requirements, according to the announcement.

Fraud, Error, and Debt bill proposed by UK Government

The new powers of the DWP will be kept in check by a Code of Practice to prevent misuse.

German finance minister tells Italy of his concerns on UniCredit move, sources say

The political pressure follows UniCredit's move to seize control of about a fifth of Commerzbank's shares, paving the way for a possible takeover bid.

Proposed new rules to better protect customers of payments firms

Instead, firms must safeguard funds which can mean customers lose money or experience delays to funds being returned if the firm fails.

FCA cracks down on £1.2m Coutts private bank fraudster

Francis Buckman, alongside others, attempted to steal more than £2.3m

London wealth adviser goes into administration

Its clients have been transferred to another business

The best contentious trust lawyers in 2024

Welcome to the Spear's guide to finding the best contentious trust lawyers in 2024

Banks face the stacking of AML/KYC software

Compliance costs in Europe amount to around €100bn annually

Senior independent director review into whistleblowing concerns

In line with the corporate governance of the FCA, the board’s senior independent director, Richard Lloyd, carried out an internal review of the handling of the two individuals’ whistleblowing communications by the chair.

New UK employment legislation: Worker Protection (Amendment of Equality Act 2010) Act 2023

New UK employment legislation is now in effect to strengthen workplace measures against sexual harassment.

Quilter's asks and analysis of rumours ahead of Labour's first budget

The OBR has warned that UK debt is on an unsustainable path and Rachel Reeves has pledged no return to austerity.

FCA chair cleared of wrongdoing amid whistleblowing review

Following the first public allegation, a second former employee of the watchdog, came forward with a similar allegation as to the handling of their whistleblowing communication to the chair.

Silvio Berlusconi posthumously wins longstanding banking dispute in EU court

The ECB, as the EU’s chief financial supervisor, is responsible for ensuring anyone owning more than 10% of a bank’s shares is of good repute.

Close Brothers sells wealth management unit to Oaktree for £200m amid motor finance probe

Close Brothers has agreed to sell its wealth management unit to Oaktree in a £200mn deal as it seeks to strengthen its capital position ahead of a regulatory investigation into motor finance practices.

UK has highest concern about excessive regulation

The firm commissioned a global survey of around 800 major decision-makers in financial services organisations.

Statement on forbearance in relation to investment trust disclosure requirements

Treasury will lay legislation in H2 2024 to provide us with the additional powers to deliver this reform.

Reforms to financial services retail-disclosure requirements

As part of this, the Government and FCA are committed to replacing EU-inherited consumer cost disclosure regulation with a new framework tailored to UK markets and firms.

FSCS declares Staffs wealth manager as failed

The FSCS declared Pro-Synergy Wealth & Tax Management Ltd as in default this week after a first claim was uphedl

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