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

EU seeks deal on bank restructuring body

European finance ministers tried Monday to agree on how to set up a joint authority that can restructure or shut down failing banks.

EU watchdog eyes gains from revalued Bank of Italy stakes

The European Securities and Markets Authority has raised doubts about whether Italian banks will be able to book gains in their 2013 results resulting from a hike in the value of stakes they hold in the Bank of Italy

Bourtzalas becomes second partner to quit Ashurst’s Brussels office in a month

Competition and EU partner Efthymios Bourtzalas has quit Ashurst’s Brussels outpost, just weeks after the exit of renowned partner Julian Ellison from the same group.

Morgan Lewis hires Taylor Wessing partner to lead City PE group

Morgan Lewis today announced that accomplished private equity and investment funds lawyer Tom Cartwright has joined the firm as a partner in the Business and Finance Practice, resident in London.

Czech Republic: trust fund — a newly introduced asset management option

The recent re-codification of Czech civil law has introduced a new legal instrument called a trust fund or simply a trust.

Annual Law firms survey: survival by no means certain as gap widens between midmarket and Top 10 firms - PwC

The challenges in the UK legal market highlighted in our previous surveys have taken a huge toll, so much so that medium term survival is not assured for some firms.

The FCA’s regulatory approach to crowdfunding over the internet, and the promotion of non-readily realisable securities by other media

This policy statement will interest firms that operate investment-based crowdfunding platforms

£75 trillion payment systems industry to have new regulator – FCA will open the market to new entrants to improve competition

Every year these payment systems process over 7 billion transactions, worth over £75 trillion. The FCA’s ‘call for inputs’ will help shape the focus of the new regulator’s work.

Private banker jailed for stealing to fund addiction

An private banker who stole nearly £600,000 from wealthy clients to fund his gambling habit has been jailed for two years.

Brewin Dolphin sues Charles Stanley over mass defection of staff

The case comes after six senior employees from Brewin Dolphin’s own Leicester office, including former branch head Ed Cufflin, left the firm back in March 2013 to open a Charles Stanley base in the same location.

FCA to regulate crowd funding for entrepreneurs and novice investors

The Financial Conduct Authority is to issue rules and regulation in order to protect entrepreneurs who seek crowd funding to finance their ideas and businesses.

Crowdfunding aggregator slams FCA intervention

Investors contributing tiny sums could be faced with multiple pages of paperwork, company founder claims.New regulatory rules governing investment into ‘crowdfunding’ projects could effectively alienate the small-time investors the funding mec

Europe seeks to wrap up banker bonus-cap effort

he European Union’s efforts to restrict the bonuses bankers receive are close to paying off.

Bircham Dyson Bell strengthens private client team

The Lincoln’s Inn firm will move to Bircham Dyson Bell’s Victoria offices on 1 April, when the merger takes effect

Carey Olsen remains top offshore legal adviser to LSE clients

The Corporate Advisers Rankings Guide lists institutional advisers and their quoted clients.

Bankers' expertise needed to sharpen new bank watchdog's teeth

he European Union's plan to bring euro zone bank supervision under one roof at the ECB aims to restore the region's banks to health after the financial crisis.

Ex-Dewey & LeBoeuf partner wins first round in battle with Barclays over capital loan

The High Court last week rejected Barclays Bank’s application for summary judgment over the liability of a former partner of failed US firm Dewey & LeBoeuf for a capital loan made in his name.

Linklaters loses second capital markets partner in two months

Linklaters has lost another capital markets partner with the exit of Nigel Pridmore, who quit the firm last month.

Bankers’ expertise needed to sharpen new bank watchdog’s teeth

ECB needs 770 supervisors for new watchdog by November

Review of implementation of platform rules

Watch our video for the findings of our review of how firms are preparing for the implementation of the new platform rules.

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