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

Mifid II ruffles fund research practices

With Mifid II on the horizon, what impact will the new rules have?

Citywealth names eight Ogier private client specialists on Leaders List 2015

Sally Edwards, who heads Ogier’s Private Client and Trusts team, is ‘the guru of the Jersey trust world’ according to a client testimonial shared by Citywealth. She is named on the Honours List and as a Citywealth Power Woman.

Slater & Gordon confirms UK accounting errors, regulator probe

Australian law firm Slater & Gordon said on Monday it was being investigated by the Australian Securities and Investments Commission (ASIC) over errors in its reporting of UK cashflows, sending its shares down 26.4 percent.

Celebrity hotel Champneys launches £17m lawsuit against Lloyds Bank

The spa claims it was mis-sold an interest rate swap in 2005

‘I was robbing Peter to pay Paul’: Financial advisor to be sentenced for ’38 catastrophic mistakes’

“In hindsight, I should have put my hands up earlier. I’m a normal person who made a mistake, or rather who made 38 catastrophic mistakes.”

Investment professionals must focus on clients over profits – CFA Institute

Investment management professionals should be less focused on their employers’ profits and more on solving their clients’ problems

Whistleblower makes new Ansbacher claims

He also named another politician who he alleges had an offshore account used to evade tax in the document sent to the committee.

Isle of Man Trusts (Amendment) Act 2015 is now in force.

This old rule originated from the Settled Land Act 1892 and was seen as prohibiting the effective administration of trusts.

Banking Inquiry told of warning over repeat Lehman’s scenario

Central Bank chief Patrick Honohan insists bailout necessary regardless of bank guarantee

Portugal cenbanker urges African states to align supervision with EU

The Bank of Portugal urged central banks in Portuguese-speaking Africa to raise supervision standards to the European banking union's tougher requirements to avoid capital cost hikes for European banks in Africa.

Banks propose 90 ‘easy’ fixes as regulators struggle to assess risk

A leading banking lobby group has submitted 90 proposals to regulators to improve consistency in how banks assess the riskiness of their loans,

Debevoise Advises Park Square Capital as it Raises $2.4 billion

The committed capital includes equity which has been raised from a range of institutional investors from around the world

Asset management as a threat to the global system

Big questions" still need to be answered before determining whether asset managers pose a threat to the global financial system

Three Partners named in the Citywealth Leaders List

This is the tenth year of the list, which is compiled from the votes of a huge number of people within the private wealth management sector and their clients, extensive research, consultations and interviews.

Debt management firms slammed by FCA

People struggling with debt are given poor advce and pushed into unnecessary expense, says watchdog

Britain’s Co-op Bank braces for fine over past problems

The Co-operative Bank could be fined by financial regulators next month, the British lender said on Tuesday, in settlement of an 18-month investigation of actions by former management and its 2009 merger with Britannia Building Society.

Six promotions at Miller Hendry

Miller Hendry have announced that six members of the legal team have been promoted within the firm

Ex-UBS rogue trader Kweku Adoboli is out of prison

The FT reported that during his time behind bars, Adoboli was held in four different prisons. He was held at Wandsworth in London ahead of his trial.

UK financial regulator investigates Quindell

The FCA can confirm that it has commenced an investigation into Quindell PLC

A new legal force in the region has been created

Cambridge-headquartered UK Top 200 law firm that has been operating in London since 2013 through a small office in Euston.

Legal, Regulation & Compliance