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

Banker Bonuses at Risk as EU Lawmakers Fight Barnier Plans

Bankers are facing a backlash from EU lawmakers determined to cut variable pay as part of a quest to reshape lenders as utilities rather than money-making machines.

Banker Bonuses at Risk as EU Lawmakers Fight Barnier Plans

Bankers are facing a backlash from EU lawmakers determined to cut variable pay as part of a quest to reshape lenders as utilities rather than money-making machines.

Nick Clegg demands an emergency tax on the rich

Clegg said Britons of "very considerable personal wealth" must be called on to make a greater contribution towards the "national effort", as Britain tackles a longer than expected recession.

Private banks versus bridging lenders

Private banks pride themselves on offering streamlined and tailored services to the individuals they represent.

World's oldest bank posts 1.6B euro loss

The bank, which was founded in 1472, on Tuesday said in a statement that the bulk of the writedown was taken on its CGU Privati BMPS unit as well Banco Antonveneta, a 2007 acquisition analysts had deemed overpriced.

Revenues soar at UK wealth management firm

Assets under administration and advice rose 31.3% to £3.02bn.

FSA targets wealth managers in new review

The FSA has launched a second thematic review into the suitability of client portfolios that could lead to regulatory action against wealth management firms.

LGT more than doubles profits

In a challenging market environment, the international private banking and asset management company LGT Group increased group profit for the first six months of 2012 by a substantial 58% to CHF 130 million as against the same period of the previous year.

Liquidity fears haunt investment trusts

Investment trusts hope to see increased popularity once a ban on adviser commission comes into force next year, but perceptions of liquidity problems still plague the sector, say analysts.

One Of The Largest Swiss Banks Just Confirmed Client Data Was Stolen

According to the SonntagsZeitung, the stolen data on clients found its way into the hands of tax investigators in the German state of North Rhine Westphalia, with the thief paid an undisclosed sum.

Bank of Ireland Private Banking launches new global equity investment fund

Targeted at the bank's existing and new private client investors, the fund, which will be managed by Leona Nicholson, is made up of 65 global equities.

Deutsche Bank turns screw on bonuses‎

Pay consultants expect the use of clawbacks to rise sharply this year following a string of recent banking scandals, including the manipulation of Libor and anti-money laundering failures.

Wealthy French expats are struggling to afford the desirable 'golden square' addresses

Hideously diverse Britain: a postcode problem for Parisians in London

Coutts Sells Emerging-Market Bonds, U.S. Shares After Rallies

That’s the biggest outperformance since 1998, according to data compiled by Bloomberg.

Central banks demand may prop up gold prices

Billionaire investors George Soros and John Paulson increased their stakes in the SPDR Gold Trust, the biggest gold-backed exchange-traded product, in the second quarter.

Ucis clampdown: what it means for wealth managers

The rules would apply to advisers rather than discretionary managers, while sophisticated investors and high net worth individuals would be exempt from the restrictions.

ABN Amro Q2 profit drops, sees more impairments

Nationalised Dutch bank ABN AMRO on Friday said second-quarter profit fell as loan impairment charges doubled, and warned of further hits this year because of the fragile state of the Dutch economy.

Britain's richest 5% gained most from quantitative easing – Bank of England

Bank report to MPs reveals wealthiest boosted by QE and low base rate, but insists policy spared UK from even deeper slump

Baring's gold hoard larger than that of several countries

Where will your next high net worth clients come from

There can be no doubt that the Retail Distribution Review (RDR) should be seen as a terrific enhancement to the provision of financial advice.

Wealth and Asset Management