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

I will stop bashing the bankers when the bankers stop bashing us

We are in for a long wait. The spivs are in charge, boasting “if you’re not cheating, you’re not working hard enough”

BBVA considers bid for HSBC's Brazil, Turkey units - report

BBVA does not have a Brazilian unit, but has a non-controlling stake in Turkish lender Garanti Bank.

HSBC’s investment bank to shed clients, assets in profitability push

HSBC said its investment bank, known as global banking and markets, will sell $40 billion of legacy credit positions, cut assets at its rates and markets division by $60 billion and reduce low returning loans by $40 billion, according to a presentation.

Germany to be AIIB's fourth largest shareholder

A government draft plan sees Germany acquiring a stake in the China-led Asian Infrastructure Investment Bank that will make it the fourth largest shareholder of the lender. It'll also provide financial guarantees.

EU approves Latvia's SME financing institution

The European Commission said on Tuesday that it had approved Latvia's project to create a financial institution to facilitate access to funding for small- and medium-sized businesses.

Societe Genrale Securities Service Mandated By LGH. Clearnet For settlement Services

As a result of this mandate, SGSS will provide settlement services on behalf of LCH.Clearnet in the Belgian, French and Dutch markets through its direct membership with Euroclear.

6 reasons why Anshu Jain quit Deutsche Bank

The bank's co-CEOs was accused of falling behind rivals and was struggling to maintain profit flow

BNP Paribas to cut costs in investment banking

French bank BNP Paribas is targeting a return on notional equity (RONE) at its investment banking business of 20 percent in 2019, up from 16 percent now

New Standard Chartered Boss Must Plot Retreats

A deeper rethink of where the bank operates is needed to restore investor confidence

BNP Paribas Investment Partners adds three new thematic SRI strategies to Parvest range

BNP Paribas Investment Partners has announced the addition of three innovative Socially Responsible Investment (SRI) strategies to its Parvest range, investing in themes considered to be key future social, economic and environmental challenges.

The Vatican bank sees its future, and it's all about managing money

Under new leadership, the Institute of Religious Works is looking to progress from handling deposits to asset management.

Barclays banker's 10 crazy commandments for summer interns

Rule 5: "Never take your jacket off at work. This is investment banking, ladies and gentlemen."

Worldpay to hire banks for its 6 billion pound London float: Sky News

The company also chose Barclays Plc, Credit Suisse AG and UBS as bookrunners on the deal

Kotak Mahindra Bank and ING Bank Sign MoU for Cross Border Business

The MoU was signed in the presence Mr. Mark Rutte, Hon'ble Prime Minister of Netherlands

The Fallout—Investment Banking on the Decline

The investment-banking sector has faced numerous new and substantial challenges over the past few years. European investment banks have suffered the most strain.

HSBC Seen Making Investment Banking Cuts, With Equities at Risk

HSBC Holdings Plc is poised to announce deeper cuts at its investment bank as part of a plan to revive profitability that Chief Executive Officer Stuart Gulliver will present next week.

BNP Paribas to cut costs in investment banking - Les Echos

To achieve this goal, France's biggest listed bank plans to increase revenue by 7 percent and cut costs by 20 percent, the paper reported, citing union sources who spoke of a strategy briefing given by the bank on Tuesday.

Russia Investment Banking Fees Evaporate as Sanctions Halt Deals

Goldman Sachs Group Inc. and Citigroup Inc. are among securities firms that have seen Russian investment banking commissions evaporate this year as sanctions and the country’s economic slump bring business to a halt

BNP Paribas cuts IT contractor pay rates

The bank’s rate cut comes in the same week that it was fined almost £1m by Hong Kong’s securities regulator

Deutsche Asset & Wealth Management's Mike Bellaro Discusses Overhauling His Trading Desk

That's one reason they were eventually scooped up by Deutsche Bank in 2002 and Bellaro was promoted inside the German banking giant.