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

Dutch state eyes €6 billion ABN Amro IPO

IPO likely for up to 40% stake; sale set for 2015.

BNP Paribas Reports Record $5.79 Billion Quarterly Loss

The Group has a rock-solid balance sheet with high solvency and significant liquidity reserves. Serving the needs of clients all over the world, the Group plays an active role in financing the economy and is preparing the bank for the future.”

Barclays sees profits fall 10%

Barclays' six monthly pre-tax profits have fallen after investment bank revenue fell.

Former senior Rothschild exec to head up Evercore European unit

This new business expands the services that Evercore can provide to existing and new clients in Europe and will form a core part of our offering in conjunction with strategic and mergers and acquisitions advice.

BBVA Net Profit Dragged Down by Weakness in South America

Net Interest Income Slips but Beats Analysts' Expectations

BNP CEO Bonnafe Seeks to Put Mark on Bank After U.S. Penalty

Now, having navigated France’s largest bank through the worst crisis in its history -- with BNP this week set to post its biggest quarterly loss on record U.S. fines -- Chief Executive Officer Bonnafe, 53, is stepping to the fore.

RBS bankers in controversial GRG unit given £17m bonus

Bankers in Royal Bank of Scotland's restructuring division have been awarded £17m bonus, despite an ongoing investigation by the FCA into claims that the unit pushed viable small businesses to the brink

RBS advised to sell majority Ulster Bank stake

RBS commissioned the investment bank earlier this year to advise it on potential merger opportunities for Ulster Bank, the biggest bank in Northern Ireland and the third largest in the Republic of Ireland.

UniCredit close to selling more private equity holdings

Daily Il Sole 24 Ore said on Sunday UniCredit was close to selling to a vehicle controlled by SwanCap Partners a significant part of its remaining 1.5 billion euro (1.1 billion pounds) private equity investment portfolio, along the lines of a similar 1 bi

ING Banker Died in Ukraine Crash at 50

The family was among 13 inhabitants from Hilversum who perished in the plane disaster. In an obituary in the newspaper NRC Handelsblad, Mayor Pieter Broertjes said, “It is terrible that they have been torn from our society in this way.”

EBRD bank to stop new investments in Russia

European leaders said the EBRD and the EU's European Investment Bank would halt finance for projects in Russia over the Ukraine crisis a week ago.

Scots fund house will be sold to American investor

A truly international client base with a balanced spread across Australia, Asia, EMEA and the US.

For investment bankers in Manchester it’s good up north

For more than a decade, Hugh Campbell commuted on the London Underground from a mid-sized terraced house in Islington to the Mayfair office of GP Bullhound, the boutique investment bank he helped co-found.

Cantor Fitzgeraled seeks global bolt-ons

Cantor Fitzgerald is looking to “aggressively” bulk up globally across asset management and investment banking, with the US brokerage setting its sights on acquisition targets on both sides of the Atlantic.

French banks’ dominance in trade finance weakens

The world’s top trading houses appear to be quickly turning into commodity finance banks, by lending billions of dollars to clients as a decades-long dominance of French banks shrinks.

Bank of England says some investment funds less liquid than they look

Market participants and investors will not always be able to sell what they want, where they want, and when they want

RBS to Close Distressed-Debt Unit as It Shrinks Investment Banking Division

RBS is shrinking its US investment banking unit in line with the tough capital rules proposed there

HSBC targets Italy mid-caps with new commercial division

The bank also appears to be turning a blind eye to the fact that Italy is struggling to emerge from its longest recession in 70 years amid record corporate loan default rates.

Italian investment banking revenue hits new highs

Revenue earned by Italian investment banks has it $1.1bn year to date, making it the best year since 2007

Anger as RBS moves UK jobs to India

THE Royal Bank of Scotland has confirmed it is to axe 63 jobs in its Business Banking Support Unit and move the roles to India.