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

BNP Said to Shut London Emerging-Market Proprietary Trading Desk

Banks are adapting trading businesses to an international accord calling for lenders to hold more capital and liquid assets

Europe Banks Seen Boosting Profit With $92 Billion of Asia Loans

British and French banks led the advance, boosting their combined exposure to the region by $79 billion in the past year, according to the report based on data from the Bank for International Settlements.

Pope Francis urged to rid Vatican Bank of investments in fossil fuels

The petition to the head of the Catholic church reads: “Your acknowledgement of the dire threat of climate change, the Vatican’s efforts to become the first carbon-neutral state, and your dedication to caring for Creation give us great hope.

Barclays' Index Unit May Sell For Much More Than $400 Million Asking Price

IPRS has attracted bids from nearly every major player in the index industry, including Standard & Poor’s, MSCI, Markit, Bloomberg, Thomson Reuters and the CME Group.

The collapse in pay shows banking has changed

The shift has been dramatic, but has gone unnoticed among the massed ranks of banker-bashers

Investment banks use honey, money and worry in attempt to retain juniors

Investment banks are using both the carrot and the stick to ensure that their junior talent doesn’t depart for rivals, hedge funds or private equity firms

Brocade Capital Solutions Partners with BNP Paribas

Brocade Leasing to be underwritten by BNP Paribas Leasing Solutions, allowing organisations to align network capacity with fluctuating business demands

How Barclays is restoring banking trust with innovation

Barclays is on a mission to transform the culture of banking – and technology is its enabler

Europe Investment Banking Fees Climb Faster Than Rest of World

Investment-banking fees in Europe, growing faster than in Asia and the Americas, are set to reach a seven-year high as sales of debt and stock and a buoyant U.K. economy outweigh stagnant income from trading.

KPMG says EU bank reforms should be shelved - Bloomberg

Audit firm KPMG has written to Europe's largest lenders saying a European Commission plan to separate banks' consumer and investment-banking arms should be shelved.

Credit Suisse arranged securities for BES

Swiss banking giant Credit Suisse yesterday confirmed that it had created investment vehicles for scandal-mired Banco Espirito Santo before it was bailed out by the Portuguese government.

Equity Bank’s investment arm to collaborate with London-based global investment services firm

On the other end, Equity Investment Bank is a member of the Nairobi Stock Exchange and is locally licensed to provide investment banking services including stock brokerage.

Monolithic investment banks need a reality check

Scandals and instances of fund mismanagement call for an overhaul in client ties

Arcapita Bank hires JP Morgan to float Irish energy firm

Viridian, which has been owned by Arcapita Bank since 2006, reported earnings before interest, tax, depreciation and amortization of 99 million pounds in the year to the end of March on 1.6 billion pounds of revenue.

Credit Suisse Teams Up With Fidelity

Credit Suisse plans to team up with Fidelity’s retail clients to get their hands on promising IPOs

British Banks Most Exposed To China

Of the 25 countries whose banks report lending data to BIS, the biggest surge in new loans in the year ended March 31

Earning $1m as an investment banker is now too much of a long shot

Those entering the industry today are increasingly viewing their banking job as a training ground to move on to other ventures

Barclays Quant Trading Unit Said to Take 60 Employees in Spinout

The firm, which hasn’t yet been named, will use algorithms to trade mainly equities and other liquid securities globally.

Something is deeply amiss in the IPO market

Many stock market floats have underperformed in recent weeks

BlackRock raises concerns over IPO processes

The recent rush to market of IPOs has raised concern from other asset management firms.