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

Banks risk missing 2019 ringfence deadline

Watchdog seeks pledge from lenders that changes will be made on time

MCCAA launches two charters on financial and banking services

These charters also safeguard consumers’ financial interests as they prohibit hidden costs and expenses.

Biggest banks each set to be hit with $200m regulatory costs

New Basel rules due to come in globally in 2019 will create need for 2,000 staff

German banks stiffen opposition to risk weightings

They passionately argue the case of internal assessments being tough enough with their principal banks set to be impacted by a proposed global standard for how banks calculate the capital they need.

Bank fraud landmark: TSB repays victim and admits giving criminal a bank account

Telegraph Money is campaigning for banks to improve their security and take quicker action when innocent customers make transfers to fraudsters' accounts.

Focus On Europe Trust Litigation In Switzerland

This raises a number of practical issues for Swiss judges and prosecutors, as they have to juggle both the rules governing the trust, and their own potentially conflicting legal and procedural concepts.

Zurich pays up over misleading IHT investment advice

A Zurich spokesman said: ‘Zurich notes the judgment delivered by the Manchester High Court. The events which formed the subject of the claim took place nearly 16 years ago, and Zurich ceased operating a network of advisers over 10 years ago. Zurich

Four arrested as millions stolen from Kuwait office – Joint efforts bust gang in UK

The investigation also proved the money had been siphoned into secret accounts since 2009.

Bank of Cyprus repays €11.4bn in emergency funds

That so-called emergency liquidity assistance has now been repaid by the company in full

FSCS declares IFA in default following FCA restrictions

The FCA did say the firm could continue with advising on mortgages and general insurance

FCA pays advertising giant £400,000 for PPI deadline campaign

PPI complaints make up around 35 per cent of complaints to the Financial Ombudsman Service

Head of Barclays Japan questioned in Libor probe

Serious Fraud Office interviews former group treasurer in fresh inquiry

Portugal's BPI cedes control of Angola's top bank

The 28 million euro ($29.7 million) sale of the two-percent stake allows BPI to reduce its exposure to Angolan government debt, which the ECB deemed too risky under new European banking laws that came into force in 2015.

Deutsche bank said to eye private equity help in settlement

One option it’s reviewing is to instead lend to firms like Lone Star Funds, which specialize in buying bad mortgages from government auctions and lowering consumers’ obligations. Amanda Williams, a spokeswoman for Deutsche Bank, declined to co

Stephenson Harwood picks up three partner PE team from KWM

The trio of partners are expected to take with them as many as six associates and two trainees.

ABN Amro pension plan still wary of hedge funds' secrecy

Hedge funds tend to be guarded about their holdings and internal workings

DWF continues international expansion with French merger

Legal business DWF has merged with Heenan Paris, an established office in Paris with an international outlook. Four partners from Heenan Paris have joined DWF as part of the merger.

Prices rise and businesses grow, but ECB probably not for turning

It also means the ECB could hail the latest reading as evidence that its ultra-loose monetary policy is finally driving inflation towards its target of almost 2 percent.

ESMA updates its Market Abuse Q&A - European Securities and Markets Authority

How the value of gifts, donations and inheritances is to be calculated for the purpose of the notification and disclosure of managers’ transactions under Article 19 of the MAR.

Covestone Asset Management acquired by Bank of Ireland

Company founded in 2008 has 150 investors and assets under management of €100m

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