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

Axa Wealth fined £1.8m over advice failures

AXA fell short of its responsibilities to its customers, many of whom were elderly, retired and financially inexperienced

Stephenson Harwood Advises Baker Tilly on acquisition of RSM Tenon Group

The acquisition completed on 2 September 2013.

Advisers back Garnier over RDR review

Advisers say they would warmly welcome any Treasury select committee review on the impact of the RDR but stress that any inquiry needs to allow time for the initiative to bed in.

KPMG Warns Over £50 Billion ‘Basel 4′ Capital Hole

The latest salvo in the leverage ratio lobbying battle was fired Thursday by KPMG – with the consultancy group warning that major U.K. banks may have raise £50 billion ($78.5 billion) in capital as regulators look to restrict the size of thei

EU makes Libor rigging punishable with fines and bans

The market abuse rules are also extended to cover electronic trading such as "high-frequency"

Deutsche Bank ordered to rehire traders unlawfully sacked in Libor probe

Deutsche Bank has been told to rehire four traders who were unlawfully fired as part of the lender’s investigation into the manpulation of interest rates.

UK wins victory over EU short-selling rules

The UK has reached legal milestone over short-selling rules in the European Union

Lloyds Banking Group raids Swiss Private Bank for disputes chief

The day after customers of Lloyds TSB saw the bank split from its parent company in one of Britain’s most high-profile banking shake-ups.

Pinsent Masons bolsters insurance disputes team with double hire

International law firm Pinsent Masons has strengthened the firm's financial services offering

BLP lawyer heads in-house at Ashby Capital

Real estate investment fund Ashby Capital has recruited a former Berwin Leighton Paisner corporate associate Tom Hill as in-house legal counsel.

Luxury NYC property sought in Russian fraud case

U.S. authorities are looking to seize pricey Manhattan real estate linked to a tax fraud they say was uncovered by a whistleblowing Russian lawyer before he died behind bars.

Barclays To Pay $36m To Settle Subprime Mortage Claims

Barclays has agreed to pay $36.1m to settle charges it hurt US homeowners by packaging subprime mortgages that the borrowers could not afford

Deutsche Bank Faces Hearing Over Fired Euribor Traders’ Claims

Deutsche Bank AG faces a hearing in a lawsuit by four traders fired over the lender’s role in the alleged rigging of interest benchmarks after mandated mediation failed to produce a settlement.

Bakers Seals Hire of McDermott's Head of European M&A

Baker & McKenzie has sealed the hire of McDermott Will & Emery's head of European M&A, Mats Sacklen

From the vaults: making the news in years gone by

Prosecutors opened their criminal case against former UBS trader Kweku Adoboli, blamed for unauthorised trading that caused the bank a loss of up to $2.3 billion,

Covington Expands European Financial Services Offering

Covington & Burling is pleased to announce that Charlotte Hill has joined the London office as partner, strengthening the firm’s ability to advise clients on EU and UK financial regulatory matters.

Icap in talks to settle US and UK rate probe

Icap officials have said they are cooperating with various rate-rigging investigations and that senior executives weren't involved in any improper conduct.

Barclays GC hire shows wariness of US-led regulatory world, say partners

Barclays appoints former US Treasury GC as UK banks increasingly seek regulatory skills

European Supervisory Authorities highlight cross-sectoral risks

Top level exits continue as BLP tax litigation head joins Clifford Chance

The firm said it had reached its “target number” of redundancies

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