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

Coutts dropped Gulf clients after UK pressure

The FSA found Coutts did not apply robust controls when starting relationships with high-risk customers and did not consistently apply an appropriate level of monitoring.

RBC Wealth Management launches ‘Intermediary Wealth Solutions’

RBC Wealth Management today announced the launch of its ‘Intermediary Wealth Solutions’ offering, which is to focus on promoting the business’ full suite of services to financial services companies in the Channel Islands.

Standard Chartered profit up

Asia-focused bank Standard Chartered Plc said its operating profit grew by a mid-single digit rate in the first nine months of the year, keeping it on track for a 10th straight year of record earnings.

Monaco Tops First Ultra High Net Worth Wealth Density List

Wealth generated in countries rich in natural resources helped three countries stake their claims with Kuwait, Norway and Brunei taking their places among the top 10.

The Best Banks In The World Broken Down By Category

For its 2012 list of the World's Best Banks, Global Finance choose winners in 12 categories ranging from best investment bank to best Islamic Financial Institution.

UBS Plans 10000 Job Cuts in Overhaul

Switzerland’s largest bank, will cut as many as 10,000 jobs companywide as the trading business shrinks

ABN Amro buys Brazilian bank, for its licence

CR2 is a small privately owned commercial bank with total assets of approximately €25m as of June 2012, the Dutch bank said in a statement.

Italy's top bank turns vaults into Milan art museum

Palazzo Beltrami, a superb Milanese building which blends Neoclassical style with eclectic features, was built in 1911 as a prestigious new head office for Banca Commerciale Italiana, now part of domestic bank giant IntesaSanpaolo.

Barclays slashes bankers' pay by up to half as profits fall

Barclays is to cut the salaries of some of its leading investment bankers

Bankers' bonuses to be returned in Spain

The size of the losses, the biggest ever reported by a Spanish bank

Strong investment performance at FCAM

Assets Under Management (“AUM”) of £96.8 billion at 30 September 2012 (30 June 2012: £98.2 billion)

Skandia: ‘We don’t want to be SJP’

Skandia is planning some big structural changes ahead of the Retail Distribution Review

Deutsche Bank Members of compensation panel announced

As announced in September the panel´s objectives include benchmarking the Bank´s compensation systems against industry best practice and against current and intended regulatory requirements; formulating core principles and minimum standards fo

Rathbones wins Investment Manager of the Year at the Charity Times Awards 2012

Rathbones was lauded as showing outstanding commitment to the sector and consistent good performance at the Lancaster London hotel last week.

Investment bonds being mis-sold by advisers, wealth manager claims

When the Retail Distribution Review (RDR) takes effect from 31 December 2013, funds will no longer be allowed to pay commission to advisers for selling their products. Instead, IFAs will have to charge upfront for their advice.

RBC Wealth Management's global strength recognized with three Private Banker International awards

We are extremely proud to see RBC Wealth Management recognized for its strength

Coutts CEO Rory Tapner Named "Outstanding Global Private Banker"

The award was announced at the 22nd annual PBI Wealth Management Summit in Singapore. Since first being held over two decades ago, the event has grown significantly and now draws a large number of influential industry specialists, private bankers and exe

Wealth and Asset Management