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

Deutsche Bank Plans to Rebuild South Africa Staff After Cuts

German lender also plans to expand in the Middle East region

Former Lloyd's of London chairman David Rowland passes away

David Rowland, chairman of the Lloyd's of London between 1993 and 1997, has passed away, Lloyd's said in a statement. He was 85.

HSBC has been paying some big guaranteed bonuses to attract people to its investment bank

Despite it all, the global banking and markets division turned in a passable return on target equity of 10.5% last year and HSBC is still hiring.

M&A activity in fund sector breaks 11-year record

Sale of Oppenheimer to Invesco is largest transaction as number of deals hits 253

Does Credit Suisse pay inordinately well in Paris?

While managing directors (MDs) at French banks struggle by on €200k in base salaries, Credit Suisse is said to pay favoured French MDs €400k in base salary alone.

RBS warns of Brexit damage despite profits more than doubling

Figure of £1.6bn means bank records second straight year of profit since 2008 state bailout

ABN Amro shares fall more than 6% after fourth-quarter profit misses forecast

Clifford Abrahams, chief financial officer of ABN Amro told CNBC: "Q4 was operationally solid and steady...But we had a couple of specific items in Q4, we had some expenses and elevated impairments."

Deutsche Bank’s funding woes deepen

Lender pays highest rates on euro bond market this year for a leading international bank

Societe Generale eyes Saudi opportunities after Middle East expansion

Saudi Arabia is attracting the attention of the world's biggest banks as it undergoes an economic transformation that includes raising debt through bond sales

How compliance jobs in investment banks fell down to earth

There was no strategic thinking – it was just adding people to mollify the regulators.”

HSBC Said to Cut Over 50 Jobs in Investment Banking Division

Cull in global banking and markets unit to begin this week

2 Barclays Lawyers Killed in Avalanche

A former Ashurst associate and her colleague were among the victims.

Highlights of Handelsbanken’s Annual Report january – december 2018

Growth in business volumes in all home markets.

Japan's Daiwa aims to tap private equity ties in push for Europe advisory gigs

Under its latest European recruitment push, Daiwa has also hired a Britain-based M&A banker specialised in the fintech sector, Hiroki Ikeda, Daiwa’s deputy head of global investment banking, said in an interview.

NordLB says owners accept recapitalisation plan of states and savings banks

German savings banks had earlier this week agreed on the plan, capping months of discussions during which a stake sale to private equity interests had seemed more likely.

Bonuses at US investment banks surge past European rivals

City investment bankers at Wall Street-headquartered companies are seeing their pay grow faster than peers at European banks

Deutsche Bank braced for merger with rival Commerzbank

Amalgamation with rival could take place by mid-year if all else fails

Deutsche Bank reports first annual profit in four years

But revenues fell four percent, to 25.3 billion euros, with Deutsche blaming a fourth quarter marked by "challenging financial markets" and "negative" headlines, including a November raid by prosecutors on the bank's Frankfurt hea

SocGen Plans Investment Bank Job Cuts After Trading Slump

The CEO is among the longest-serving leaders in European banking, having been at the helm for about a decade, and took his third set of financial targets to investors in 2017 after missing earlier multi-year goals.

Europe should be wary of the lure of bigger banks

As long as continent-wide deposit insurance remains out of reach, mergers will be risky