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

Europe's market watchdog probes rating agencies-FT

The European Securities and Markets Authority is inspecting Standard & Poor's, Fitch and Moody's Investors Service, and it expects to finish by the end of the year, the newspaper said.

UK banks face criminal probe threat

Serious Fraud Office investigators are in talks with the Financial Services Authority (FSA) over the scandal while pressure is mounting on Barclays chief executive Bob Diamond to stand down.

UK’s big 4 banks agree to provide redress for mis-selling interest rate protection

Britain’s biggest banks have agreed to a settlement for mis-selling interest-rate protection products to small and medium-sized businesses

Deutsche Bank CEO: Basel III rules can disrupt economy

The combination of trying to solve the euro zone financial crisis and stricter rules to make banks safer will impact the real economy

Ogier win prestigious Lawyer Award

The Lawyer Awards celebrate excellence in the legal profession and were announced at a ceremony attended by over 800 people at London's Grosvenor House Hotel.

Bedell Cristin advises Deutsche Bank on cross-border merger

Prior to the introduction of the new procedures under Jersey and Guernsey companies law, a Jersey company could only legally amalgamate with a Guernsey company if the corporate entity was first migrated (redomiciled) to Guernsey and it then used the amalg

Bakers promotes 63 to global partnership

Forty-four per cent of the promotions were made in the firm’s Asia Pacific practices, where 28 partners were elected, with 20 across its Europe, Middle East and Africa offices, nine in North America and six in Latin America.

Ageas and ABN AMRO agree to settle legal proceedings

The settlement will lead to a one-off cash payment by ABN AMRO to Ageas of EUR 400 million at the latest on 5 July 2012.

Standardised bank reporting from next year

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Lloyds Traders Suspended Amid Libor Probe Said to Return to Work

The people declined to be identified because they weren’t authorized to discuss the matter.

Ex-SocGen trader fights 4.9 billion euro payback

The loss took one of France’s oldest banks to the brink of collapse.

Mishcon de Reya, Brick Court scoop top prizes

Mishcon de Reya scooped the top prize at last night’s The Lawyer Awards when it was crowned Law Firm of the Year.

CoA throws out High Court costs order against F&C Asset Management

he London-listed investment house was landed with an indemnity costs order by the High Court last year after it lost a hard-fought battle with hedge fund managers Francois Barthelemy and Anthony Culligan.

Regulators hit Barclays with £290m fine

The watchdog said this was the largest fine it has ever imposed

Mayer Brown London chief defeats finance head to retain top job

Mayer Brown’s London senior partner Sean Connolly has been re-elected to serve another five-year term, defeating London banking and finance head Dominic Griffiths.

Former Dewey partners gear up for tax bill battle

Former partners of Dewey & LeBoeuf’s London base are attempting to minimise their financial blow from the US firm’s collapse by using its 2012 losses to slash their tax bill

Asset managers face challenge of Solvency II

ASSET managers face a culture shock following the implementation of the European Union’s Solvency II directive, according to research released yesterday by KPMG.

Former ABN banker sues for 'gay Irish gypsy' slur

The married father of two, of Irish descent, claimed colleagues refused to speak to him because he was not Dutch.

Standard Life to unveil RDR propositions in October ‎

The provider said the changes to charging on its FundZone proposition and self-invested personal pension (SIPP) - which have been emailed to advisers Friday - would create both a smooth transition to RDR readiness and enhance its overall proposition.

FSA demands UCIS activity update‎

The FSA said it has identified a significant increase in Ucis transactions in the last four years, and has asked around 250 firms’ for details on the systems and controls they have had in place since 1 January 2008.

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