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

European Central Bank tightens noose on banking system as creditor powers punish Greece

Greek 'No' vote sees lenders act in concert, warning of imminent bankruptcy unless Athens capitulates to fresh reform demands

Banks 'not at fault' for vishing scams – what are they and how you can protect yourself

Half the people caught out by 'vishing' scams lose at least £5,000 – and this time it's not the banks' fault, leaving victims powerless to get their money back

AMP Capital and 3i Infrastructure to acquire Denmark’s Esvagt

AMP Capital is investing approximately £109 million to acquire a 50 per cent interest in ESVAGT and will have an equal shareholding with 3i Infrastructure.

Wolters Kluwer data reveals extent of FCA fines

Regulatory fines hit £800 million mark for first six months of 2015

FCA finalises rules for senior bankers

"Today we have given clarity on rules that will embed personal accountability into the culture of The City. New conduct rules will add further momentum to improving standards across the industry."

Sealed HSBC report shows US managers battling clean-up squad

HSBC agreed to submit to the monitor's oversight in late 2012, as part of a pact with the US Justice Department that required it to bolster its in-house controls.

Hoax Phone Call Costs Hedge Fund $1.2 Million and CFO’s Job

The caller said he was from Coutts

Jersey financier struck off

A senior Jersey Trust company worker has been banned from working in the finance industry after an investigation found she had breached the codes of conduct for practising finance in the island.

Law firm 'kept £7m in an offshore bank account for a Northern Irish politician' following a major property deal, claims MP

A Belfast law firm set aside £7m in an off shore bank account ‘for a Northern Irish politician’ following a major property deal, it has been claimed.

British Banks Reduce Deposit Guarantees To £75,000

The current limit of £85,000 will be reduced due to the euro’s weakness against the pound.

Debt management companies come with wealth warning

Citizens Advice Scotland is urging people with money worries to shun debt management companies, who can leave them far worse off than before, and go to the real experts for free help.

Serbia may tighten restrictions for Greek-owned banks: minister

Serbia may tighten transaction restrictions for Greek-owned banks there if the crisis in Greece worsens

PAC set to inquire into ‘Project Eagle’ Nama sale

TD’s claims of €10m intended for figures linked with Nama sale to be investigated

FCA's £819m in fines revenue gives Osborne room to fund worthy causes

Chancellor expected to give details of spending in Budget, including allocation of Barclays’ record £284m over foreign exchange transactions

Regulators to get tough on bank and asset management chiefs

The rules also give the City watchdog the power to imprison senior bank staff

Fried Frank Adds Asset Management Regulatory Attorney in London

This development follows Fried Frank's announcement in May about the expansion of its Asset Management Practice to Europe with the addition of Mark Mifsud, Kate Downey and Alexandra Conroy as partners in the London office.

Proskauer expands Private Investment Funds practice

He has extensive experience in private equity secondary transactions, notably advising Ardian (formerly AXA Private Equity).

Law firm mergers dip as economy recovers

Law firm mergers continue to decline as ‘defensive’ consolidation becomes less prevalent in an improved economy.

Bankers sacked after filming mock IS execution of Asian worker

It is thought the HSBC men were in a Birmingham-based legal team

JL v SL: The treatment of non-matrimonial property in the English Courts

There had been two different schools of thought about how non-matrimonial assets should be treated.

Legal, Regulation & Compliance