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

Spanish Banks are in BIG Trouble

This is as serious as it gets. With Europe it’s easy to get complacent. We’re all a little desensitised to the European problem.

Fortune Global 500: BNP Paribas among the top-ranked banks

US business magazine Fortune published in July its 2012 'Global 500' list, which ranks the world's largest corporations by revenue.

Rabobank may succeed at getting one buyer for all investment units

Investment bankers say bids for Robeco are due by mid-September and a deal could be reached as early as October. Representatives for Rabobank and Robeco declined to comment.

German Landesbanken cuts down on overseas exposure

In the first six month of the current fiscal, Landesbank Baden-Württemberg and BayernLB have slashed their overseas exposure in North America, while reducing their non-domestic commitments in Western Europe, including in so-called "peripheral&am

Demerger of Biverbanca's stake in Bank of Italy gets go-ahead

The transaction involves assigning the stake held by the Piedmont-based institution in the share capital of Banca d’Italia in favour of current Biverbanca shareholders before the sale to CR Asti takes effect.

RZB reports Profit before tax rose 6.2 per cent

Balance sheet total increased 4.8 per cent to € 157.2 billion

Investment banks raise starting salaries to attract graduates put off by scandals

The rise is on top of a big jump in starting salaries at the banks last year as the “social stigma” of working for a bank rises again.

Credit Agricole sees Greek unit sale within weeks

Credit Agricole had said on August 9 it was assessing offers from Greek banks for Emporiki.

Valartis Group posts profit for the first-half of 2012

Net commission income was relatively stable with a decrease of 10 per cent due to a downturn in transaction-based revenues, while net interest income fell by 19 per cent year-on-year.

UK investment bankers prefer Singapore

Of the 462 investment bankers that were asked, 31 per cent said they would most like to work in Singapore. By comparison, only a fifth preferred New York and only 19 per cent opted in favour of London.

Last Man Standing Means Europe Investment Banks Resist Shrinking

The game plan won’t work again as rising capital requirements and declining business alter the investment-banking landscape, investors and analysts say.

Standard Bank Sees ’Challenging’ Six Months as Costs Rise

Loan impairments surged 35 percent to 3.9 billion rand.

European banks top list of world’s safest

That’s the same rung TD occupied in the magazine’s last update in the spring.

European Banks Tackle a Mountain of Bad Debt

Such figures sound large, but they are dwarfed by the scale of the deleveraging process going on in Europe.

Bad bank debts hit €100bn and rising in Italy

The survey of senior managers found 70 per cent expect the volume of non-performing loans to rise this year, and 75 per cent expect to sell bad assets next year.

Kazkommertsbank closes London office

The representative office of the bank in London was opened in 1997 to maintain business relationships with commercial banks, international financial institutions and government authorities.

Santander readies to list part of Mexico unit

Santander is hoping to raise as much as $4 billion in the offering, according to a Bloomberg report on Wednesday.

Britain's Lib Dems want to reopen bank reform debate - FT

Senior members of the left-leaning Lib Dems want to re-examine whether banks' retail operations should be allowed to market complex derivative products, in light of the recent Libor rate-rigging scandal.

Libor’s Risks Emerged From Clubby London Banking Culture

In recent months it has become clear that many bankers misreported rates, either to benefit trading positions or provide a false picture of stability to regulators, undercutting the market function Libor was meant to perform.

The case for a British investment bank

No wonder small businesses can't get credit when the UK is the only G8 member not to have a body dealing with such finance

Investment Banking