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

A little austerity for the rich could go a long way

Cutting high wages would allow employers to take on many more employees.

AXA Wealth announces restricted advice model

The package, which will run alongside its existing independent advice model, is expected to be available in the market in Q2, and will offer a flexible, bespoke approach to what AXA Wealth currently offers by way of support and pricing.

EU lawmakers want tougher rules on banker bonuses

The bloc's parliament and member states are approving a draft law to implement Basel III, global rules to toughen up bank capital and liquidity requirements from 2013 to plug regulatory gaps highlighted by the financial crisis.

Will the British Rich Stop Giving?

The U.K.’s new budget has ignited all manner of class warfare. Retirees say it’s a gift to the rich at the expense of the poor. The wealthy say it’s another attack on success and job creators.

Coutts investment complaints up 32% on year

Coutts has continued to see a steady increase in the number of client complaints filed with it, with banking complaints up almost 10% on the year before and investment complaints up 32.1%.

Barclays unveils "Little Book of Wonders"

Barclays wealth and investment management division today launches a new concept in client experience.

Abu Dhabi royals involved in RBS talks

At current market prices the holding is worth £13.5bn, well below the £45.5bn cost of the direct taxpayer bailout of the bank in late 2008 and early 2009.

Towry reignites IPO speculation

If markets avoid a fresh round of volatility, the privately-owned wealth manager could float within the next 18 months.

Bank of England warns banks not to waste spare cash on bonuses

Banks were yesterday ordered to put their houses in order to stop a new financial crisis crippling the country.

Behind the Bonus- Discretionary Income and Luxury Spending

Prince & Associates have suggested that at the height of the boom, US bankers spent close to two thirds of their bonuses on luxury.

Coutts fined £8.75 million for anti-money laundering control failings

The FSA identified deficiencies in nearly three quarters of the PEP and high risk customer files reviewed.

Aberdeen assets soar £10.5bn in two months‎

Aberdeen says the latest figures reflect “the continuing theme” of flows into higher margin products across the business.

30% Club renews efforts to get women on UK boards

The 30 per cent Club Investor Group is stepping up its commitment to get more women on the boards of UK companies.

The Focus of Corporate Philanthropy

It’s not surprising that CEOs and other decision makers would want to promote these issues. The skeptics can say that this is self-serving and benefits business.

Brooks Macdonald co-founders reduce stake in firm

The Aim-quoted wealth management group reveals yesterday (21 March) three directors sold 385,000 ordinary shares of 1p each in the company.

Braveheart snaps up Yorkshire fund manager‎

Braveheart said the deal consolidates its position in Yorkshire.

Mirabaud launches private banking solutions for professionals in sports and culture

The decision to set up a new business unit specialised in meeting the needs of professionals in sports and culture is predicated on the unique characteristics of this group, whose earnings potential is restricted to a short period of time.

StanChart investment bank boss gets $13 mln payday

Asia-focused bank Standard Chartered Plc paid its 13 top executives and bankers $92 million for last year, including $13.4 million for the head of its investment bank Mike Rees.

WH Ireland swings into profit on client boost

Stockbroker WH Ireland has swung into black after a hectic year saw the group increase its turnover by just over 25%.

Ignis assets grow to £81.5bn‎

The asset manager's net new sales also increased and climbed by close to a third in 2011 to £1.7 billion.

Wealth and Asset Management