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

UK Bank Close Brothers Loses Third of Value Amid Market Probe

RBC cut Close Brothers to market perform — the equivalent of neutral — from outperform.

'Pimfa: We strongly support the FCA's working group on sustainability rules'

This regime hopes to play a key role in increasing consumer trust in the market for sustainable investments.

Square Mile suspends two Jupiter fund ratings amid Whitmore and Murphy exit

Three BNY Mellon funds lose ratings

European bank recovery stumbles as BNP Paribas and ING dim outlook

"From that point of view, 2024 won't be very favourable for us," Bonnafe told reporters.

National minimum wage compliance traps for businesses in 2024

Compliance with the NMW regulations can often be complex - compliance extends far beyond ensuring that at least the headline rate is paid.

FINMA provides information about the status of the approval process and supervision of asset managers

It also provides information about the new approach to the thresholds for the commercial activity of trustees.

Investigators are searching the DWS again

Uninvited visit – once again. The Frankfurt public prosecutor's office appears at the asset manager's premises for the third time because of the greenwashing scandal.

Addleshaw Goddard: Financial Services & Banking News

This joint report expands on these findings, as well as highlighting the inherent opportunities, risks, regulatory and supervisory challenges associated with these activities.

Gresham House Energy Storage scraps Q4 dividend and outlines share buyback plans

Dividend target and policy under review

Federal Reserve holds rates steady as Jerome Powell dampens March cut hopes

Experts look to mid-year cuts

Asset managers face uphill battle to make Eltifs a success

The proposed regulatory technical standards have the potential to derail the market.

Muzinich launches global investment grade fixed income fund

“We are well positioned to take advantage of this changing market dynamic, utilising active credit selection as the primary driver of return.”

Amanda Staveley launches new legal assault on Barclays

Ms Staveley stitched together an investment package for Barclays during the financial crisis but the bank ultimately opted to take investment from Qatar.

Financial data from 53mn individuals involved in data breaches

Last year, the Pensions Ombudsman notified nearly 17,500 individuals about an investigation looking into a potential data breach.

Hartley Pensions Limited enters administration

It also provides administration for a small number of Small Self-Administered Schemes (SSAS), regulated by the Pensions Regulator.

The Bank of England's approach to enforcement

Policy statement 1/24

Quarter of UK workers cancel insurance policies

Additionally, there was a similar increase in the number of people cutting back pension contributions for the same reason, rising from 4 per cent to 9 per cent.

HSBC fined £57.4m for FSCS failings

The failings included a failure to accurately identify deposits that were eligible for Financial Services Compensation Scheme (FSCS) protection.

Ownership of UK government bonds drops to lowest level since 1996

This translates to just 0.2% of the £2trn in gilts that are now in the hands of individuals in the UK.

Addleshaw Goddard: Financial Services & Banking News

The Handbook Notice also contains a summary of the changes made, consultation feedback and the dates of forthcoming FCA board meetings.

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