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

Tesco launches first sustainability-linked bond of €750m

The €750m bond with a 0.375% coupon offers an 8.5-year maturity and is the first bond of its kind to be issued by a retailer.

Revolut, Chubb Partner On Purchase Protection

In addition, the partnership, which will be rolled out over 22 countries, will allow for coverage where a customer has been confirmed positive for COVID-19 and is now unable to use tickets they had bought with their Revolut account, according to the relea

BNP Paribas appointed as depositary bank for Commerz Real’s sustainable fund

Custodian wins depositary mandate from fund investing in renewable energies, infrastructure, transport and mobility, and forestry.

Hedge fund asset volumes are setting new records, as uncorrelated gains draw more investor money

The industry’s “defensive outperformance through the coronavirus-driven volatility in early 2020, as well as opportunistic gains through the uneven financial market recovery in the second and third quarters” has helped draw more institut

SMB Loans Pose Potential Big Risk For European Banks

The WSJ said Europe’s banks are especially vulnerable to small businesses going belly up, compared to the United States.

EBRD delivers record investment of €167 million in Armenia in response to Covid-19 pandemic

The EBRD stepped up its investment to address immediate needs and to create the foundations for recovery, with a focus on building back better economies in the future.

UK pledges Sh8 billion for Kenya affordable housing scheme

The project is through Acorn Housing – President Kenyatta attended the launch of Kenya’s first green bond on the London Stock Exchange(LSE) by Acorn a year ago,” Mr Raab said in Nairobi yesterday.

How Bad Was 2020 for Dividend Investors?

Latest Link Dividend report reveals that 2020 saw a 44% drop in income payouts compared with 2019, as oil and bank stocks slash dividends in the Covid-19 crisis

AJ Bell inflows double as customer numbers soar

Including non-platform business, the group’s assets increased to £62.5bn, an increase of 14 per cent in 2020.

Donors gave half a billion euros to EBRD projects in 2020

Governments and bilateral and multinational donors joined forces by providing €489 million in grants and concessional finance to projects and activities by the Bank

Crédit Agricole and cohort of banks throw weight behind Saudi-Korea export financing

Citibank and JP Morgan were two other original lenders, with both serving as lead arrangers on the agreement.

UK finance sector revives, cuts staff, reviews office space: survey

A trade deal with the European Union came into effect on Jan 1 but does not cover financial services, which is being handled separately by Brussels under its "equivalence" system.

UK dividends unlikely to recover until 2025

Link predicts that a best-case scenario for the UK would see dividends increase by about 10 per cent in 2021, while a worst-case option suggests payouts could fall again, dropping around 0.6 per cent to £61.5bn.

The Nottingham joins lenders returning to 90% LTV

The number of mortgages at 90 per cent LTV saw the largest monthly growth in availability of all tiers in January, according to Moneyfacts.

Commerz Real buys new residential complex in Vienna for special European fund

The seller is a joint venture between the project developer S+B Gruppe and the micro-living specialist i Live Group.

Guernsey Fund Industry Continues to Flourish

New findings from the 26th edition of Monterey Insight’s Guernsey Fund Report, the independent fund research company, reveal the market shares of all service providers in Guernsey’s fund industry.

AIB brokers deal to keep Goodbody out of bank bonus ban

Stockbroker to avoid 89% tax rate on incentives in terms of lender’s takeover

A question of independence for Threadneedle Street’s old lady

The markets’ view suggests that Andrew Bailey, the Bank “lifer” who became governor in March, and has had a baptism of fire, may be losing the battle.

First-time buyers taking longer mortgage terms as they prioritise monthly payments over house price

The proportion of first-time buyers taking on mortgages longer than 25 years has risen by more than 50 per cent in a decade, Nationwide said

How can UK alternative fund managers access European investors post-Brexit?

With the EU passport no longer available, Senior Consultant - Fund Services, Melville Rodrigues considers the solutions for UK real estate managers to continue to access European investors.

Alternative Investments