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

Corporate Commercial Bank Acquires Credit Agricole Bulgaria

News of the forthcoming acquisition spread on January 22, with the French bank estimating a EUR 160 M reduction in its risk-weighted assets after the deal is finalized.

Barclays Wields The Axe In Investment Banking Revamp

The number is higher than the 10,000 to 12,000 jobs that the bank said earlier this year that it wanted to cut.

Barclays telecoms team exits for Canadian investment bank

The group of analysts is thought to include team co-head Jonathan Dann and as many as four colleagues, according to one of the people familiar with the matter.

BNP Paribas Securities Services and Euroclear extend partnership on Euroclear's Collateral Highway to four new markets

The service is already used by a number of investment banks and brokers.

ICICI Bank cuts its equity in UK, Canada arms

ICICI Bank, the country’s largest private sector lender, has trimmed its equity investment in its United Kingdom and Canada arms to seven per cent of its net worth, from 11 per cent in the last four years.

SocGen profit tumbles on Russia unit writedown

The group said the first three months of the year were marked by the emergence of the crisis in Ukraine as it confirmed its purchase of its minority stake in Russian bank Rosbank last month.

Commerzbank gets five final bids for Spanish property loans

Germany's second-biggest lender is expected to enter exclusive negotiations with one of the bidding consortiums within four weeks and is likely to sign a deal by the end of the quarter, added the sources.

Societe Generale Finalises The Acquisition of Newedge

Societe Generale has finalised the acquisition of Credit Agricole's 50% stake in the capital of Newedge, a derivatives brokerage subsidiary, thus bringing its ownership to 100%.

NAB investors want Thorburn to exit UK

INCOMING National Australia Bank chief Andrew Thorburn has been given further incentive to resolve its troubled British operations, with long-suffering investors labelling it the biggest spark to the group’s share price.

Investment banks and private equity firms battle for ‘elite’ junior bankers

Everyone wants a good junior investment banker these days. Unfortunately for any analysts and associates assuming that they’re hot stuff, both banks and private equity firms are only fighting to recruit and retain a select few.

'Rogue trading is still alive and well and actually getting worse'

Less than 5% of unauthorized financial trading cases may have been reported

Barclays mulls withdrawal from continental Europe

Britain's third biggest lender may sell its continental European operations as part of its strategic review

Norges Bank Selects Citi as Sole Global Custodian

The mandate is believed to be one of the largest of its kind in the industry.

JP Morgan chief Jamie Dimon visits Bournemouth to unveil £28.6m investment

Boss of America's largest bank met 4,000 staff and held a question and answer session on secret trip to Dorset

Update 2-Barclays to announce "bad bank" next week -source

There are 54 billion pounds ($90.97 billion) of assets in the Exit Quadrant portfolio

BNP Paribas profit beats, warns of legal charges

Pre-tax income was thus 2,547 million euros, down 3.7% compared to the same quarter a year earlier.

One chart showing where investment bank staff should be powerful and respected, but aren’t

As the chart below, based upon full year profits across banks for 2013, shows, Barclays remains extremely reliant upon its investment bank.

Barclays Said to Name Bommensath to Oversee ‘Bad Bank’

Lenders including Citigroup Inc. and Royal Bank of Scotland Group Plc have segregated unwanted assets into bad banks in the wake of the financial crisis.

Natixis maps out bold growth plans for Asia

After the global financial meltdown of 2008, it was fairly rare to hear about lenders in developed countries touting an expansion in Asia when some were scrambling to survive and others were trying to cope with a tougher regulatory and capital environment

Institutions risk a punch-up over lock-ups

The gloves are coming off in a tussle between fund managers and investment banks over agreements banning the sale of shares in a company for a specified period of time, known as a lock-up arrangement. The Association of British Insurers in April warned of