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

Speechly Bircham opens its fourth European base in Paris

Litigation partner Frederic Jeannin also joined from STC Partners, while corporate partner Thibaut Caharel joined the team from Parisian firm PDGB Avocats.

FCA proposes new rules on dealing commission for investment managers

The Financial Conduct Authority has today proposed improvements to the rules and new guidance over investment managers’ use of client commissions. These changes will ensure that charges paid by consumers for executing trades and related services &am

Hungary Top Court to Probe Forex Loan Contracts' Validity

Hungary's supreme court said Monday that it is launching a probe into the validity of foreign-currency loan contracts

Hungary fines 11 banks $43 million for collusion

Most of the exchange rate losses had to be swallowed by the banks.

Top German banker urges ECB to finalise details on bank tests

The European Central Bank should quickly finalise details of forthcoming health checks on European banks because the sector faces a big challenge in completing the planned balance sheet exercises.

Finance professionals say regulation not enough to stop a crisis

Only thirty-five out of the three hundred surveyed are said to be convinced that regulators have a grasp on how the crisis came about.

Glasgow Based Investment Banker Convicted of Stealing More Than £400,000 From Clients' Accounts

George Kalmar will be sentenced on Tuesday after he was convicted at Glasgow Sheriff Court of pocketing the cash and spending it on women, gems and five-star benders.

Barclays to launch summary judgment application in Dewey & LeBoeuf court battle

The bank has been pursuing the three former partners for repayment of loans it granted them for capital contributions ahead of the firm’s collapse in 2012

Clifford Chance London head Bickerton runs unopposed in second term

The poll will close at the end of next week when Bickerton is expected to take up a second four-year term.

Stephenson Harwood records 10 per cent revenue uptick at half-year point

We’ll focus primarily on growing our existing network, but we wouldn’t rule out opening any new offices in future.

Osborne Clarke reveals 12 per cent turnover rise at half-year point

The first half of the financial year has been a period of investment for the firm.

European Banks Legal Tab Tops $77 Billion as Probes Widen

The penalties come as regulators require firms to set aside more funds to strengthen finances and as executives look for ways to boost shareholder returns even amid lower revenue.

FCA freezes assets of suspected boiler room

As well as the asset freeze (which prevents the firm from selling its assets) the court order also stops FCW from selling investments regulated by the FCA.

Modelling integrity through culture by Martin Wheatley

Speech by Martin Wheatley, Chief Executive of the FCA, at the FCA Markets Conference 2013.

City Regulator Takes Action Against Former Co-op Bank Directors

The Financial Conduct Authority has begun an investigation into the role of former senior directors at the Co-operative Bank.

How to identify the environmental, social and governance drivers of country risks?

AXA has contributed to the development of a fourth "blueprint" in the CRO Forum's series on managing environmental, social and governance (ESG) challenges in business transactions, focusing on new trends in country risk assessments.

The Second Coming: MiFID II Due for Arrival

The legislative package that we call MiFID II is actually made up of a Directive and a Regulation, covering a broad range of trading activities, instruments and market participants.

Hungary competition watchdog fines banks for cartel

GVH launched the inquiry in 2011 into whether major banks colluded when raising the cost of loans offered to households when borrowers were allowed to start repaying their forex mortgages in a lump sum.

Banking Reform Bill lurches through the Lords

The ring fence amendment, while passed, was not even faintly praised enough to be damned.

FCA launches gold benchmark rigging review

Britain's financial regulator is looking into whether gold benchmarks could have been rigged.

Legal, Regulation & Compliance