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

HSBC: Bank's pre-tax profits soar fuelled by high interest rates

HSBC's pre-tax profit for 2022 was $17.1bn and analysts were expecting it to jump to $34.1bn last year.

Barclays Paris hired a trader whose hedge fund foray was brief

Owen Coughlan, the former head of Euro Swaps trading at NatWest Markets has resurfaced at Barclays' Paris office as a euro rates trader.

Santander is still sweeping up ex-Credit Suisse people, and more

It’s in Madrid, of all places in the world – and Santander is mostly a retail bank, anyway.

Investment banks cut job vacancies in half as dealmaking slump hits recruitment and bonuses

Citi saw a 75 per cent drop in hiring – the largest proportion of the group – as it posted 956 openings last year compared to 3,865 in 2022.

Volksbank net profit rises 126% on income from interest rates

At the same time costs rose 23% due to an increase in staffing levels, pay rises and higher expenditure on anti-money laundering measures.

BBVA wins the IFR 2023 award for the Best European Bond for the issue that reopened the CoCo market

The publication underscored that the step taken by BBVA was ‘crucial’ to recovering confidence in this debt market.

UniCredit: 4Q23 and FY23 Group Results. Record 2023 results crowning three years of success and exceeding expectations

This implies a 100% total pay-out on the FY23 net profit.

Societe Generale to cuts 900 jobs in France

The plans, which entail approximately 900 job cuts, have been submitted for consultation with staff representative bodies.

European Investment Bank and ABN AMRO to make €500 million available to Dutch businesses

The financing will be used for new investments that meet the EIB criteria.

Société Générale and IFC seal a new agreement to accelerate sustainable finance

This partnership will draw on the complementary strengths of the two institutions.

M&A, the investment bank Rothschild & Co. becomes a leader in Europe again

For Rothschild, which the previous year was fourth in the rankings, the regaining of double leadership in Europe demonstrates that the group’s bankers

Tributes pour in for Deutsche Bank MD who died

Gil-Alberdi spent 24 years at Deutsche Bank.

Zühlke partners HSBC UK on mobile wealth management service

With customers impacted by rising inflation, a big focus for HSBC in the last two years has been helping more customers get started with investing.

Panmure Gordon merges with Liberum to create 'UK's largest investment bank'

Panmure Liberum

Investec wants to be a stable hand for clients

Investec’s head of M&A and co-head of private equity Jonathan Arrowsmith tells Michael Klimes what sets it apart from rivals.

Banks shed 60,000 jobs in one of worst years for cuts since GFC

Elsewhere, the takeover of Credit Suisse by UBS has already resulted in at least 13,000 fewer roles at the combined bank, with further big redundancy rounds expected in the year ahead.

Major French bank set to sell business in Russia

Russian dictator Vladimir Putin on Sunday approved a decree allowing Rosbank to buy Russian shares from the French bank.

Deutsche Bank discovers thousands of unresolved customer complaints

Latest setback after botched IT project key reason for delay to CEO Sewing’s promise of fixing Postbank issues this year

Scotland’s million-pound addresses

The street, known for its stunning aesthetics and classic Georgian architecture, now sets buyers back over £1.68 million (£1,684,707).

Italy's Banco BPM vows to sustain record profits as rates peak

Bets on fee income to offset declining rates

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