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

Generali buys out Czech group from its CEE holding

A decision on terminating the partnership was made in January 2013 and the buyout by Generali was completed in two steps.

Aviva Could Cut Up To 1,500 Jobs Under Friends Life Acquisition

The company said the precise nature of the jobs to be cut is yet to be determined.

Bank debt issuance doubles to record levels

Volumes of loss-absorbing bonds, which are subordinated to safer, “senior” bonds in a bank’s capital hierarchy, have been buoyed by voracious investor appetite for yield, pushing bank funding costs down to historic lows.

Terry Smith to share £10.6m windfall as Fundsmith quadruples profits

Fundsmith now has £3bn of assets under management

Bitcoin is threat to sterling and may aid terrorists, warn banks

The UK’s biggest banks are questioning how Bitcoin and other virtual currencies are monitored

Warnings of Russian Financial Crisis Spread as Banks Start Failing

The warning from Gref, a former Minister for Economic Development and a prominent economic liberal, is not the only prediction of approaching stress for the country's financial system.

Lord mayor of the City of London sees Qatar relationship as strong, deeply rooted

We are the largest international financial centre in the world and we have to be up with curve of development of new products, and we think that the Islamic financing market is potentially a very exciting one and we want to make sure that we are involved.

Skandia says eyes listing of Norwegian bank unit

Swedish mutual insurance and banking group Skandia is evaluating a listing of its Norwegian banking operations to focus more on its home market Sweden

Standard Life continues growth

Global investment manager, Standard Life Investments announced this week that it was now managing over £240 billion inclusive of its July, 2014, acquisition of Ignis Asset Management.

Asset allocation: New year, same stance for City Asset Management

City Asset Management’s James Calder opts for ‘eclectic mix’ of alternative mandates rather than hoarding cash.

Huge three-floor London penthouse goes on sale for £8.9million

The penthouse in Benbow House overlooks the Thames and is a short walk from the Globe theatre and Tate Modern

KPMG accredits Bitcoin company

KPMG has become the first Big Four firm to give a Bitcoin company accreditation after it conducted a review of Elliptic Vault

Bristol Rovers chairman Nick Higgs takes search for investment to the Middle East

Bristol Rovers chairman Nick Higgs has taken his search for fresh investment to the Middle East.

Hiscox to buy MGA and HNW provider from R&Q

Deal expected to complete this quarter of 2015.

Ireland appoints Goldman Sachs to advise on AIB sale

The Department of Finance said in a statement that Goldman Sachs was selected after a "mini tender" in December

Deutsche property arm reaches record €3.6bn transactions in 2014

Deutsche Asset & Wealth Management, part of Germany's giant Deutsche Bank group, bought and sold a record €3.6bn of real estate in 2014

Foreign investors in red-hot London property market force locals out

Commercial and residential property in London has become a popular safe haven for investors from places such as Russia, China and southern Europe as a result of the financial crisis, and office prices have bounced back strongly from the lows.

Threadneedle to rebrand on major investment merger

Threadneedle Investments is to rebrand following the merger of its investment capabilities with US-based sister company Columbia Management.

Lloyds Arm To Make An Exhibition Of NEC Group

The bank's private equity arm is to take over one of the UK's most prominent exhibition and events groups, Sky News learns.

HSS Hire plans IPO of £103m on London Stock Exchange

British tool and equipment hire company HSS Hire has announced its intention to list on the London Stock Exchange next month.

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