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

Discontent at investment banks rising

Shares for both banks are down more than 30 per cent this year, touching their lowest prices in decades.

Green Investment Bank Said to Attract Up to 12 Bidders

The second phase of the sale will likely conclude in July, with between two and four companies or consortia making binding offers, the person said. Spokesmen for Green Investment Bank and the Department of Business, Innovation & Skills, which is helpi

A chart showing the best and worst jobs in UK IBD

Deutsche’s UK investment bankers have had a not-so-great start to the year: in 2015 they ranked 3rd; now they rank 8th. By comparison, Barclays’ UK investment banking operation has gone from 6th to 3rd.

UBS' Axel Weber: Europe is over-banked

European banking stocks have slumped since the start of the year amid concerns that loose monetary policy is hurting its profitability.

Barclays not to hire new boss for investment bank

This would help the bank reduce its ranks at the top management

Barclays CEO: I Can See The ‘End Of The Game’ For The Bank’s Turnaround

In an interview with Yahoo Finance editor-in-chief Andy Serwer, Staley said the bank has clearly defined where it wants to go and on its way to becoming a transatlantic consumer, corporate, and investment bank anchored in London and New York.

Kremlin says sorry to Goldman Sachs, German paper over Panama Papers slip-up

"It is more the error of those who prepared the briefing documents, my error," Dmitry Peskov, a Kremlin spokesman, told reporters.

Intesa, UniCredit to Place Up to $1.1 Billion Each in Fund

Analysts and investors disagree about whether the plan will work

Barclays headcount drops 8,000 in 4 months

The reductions have come from a hiring freeze imposed by Jes Staley when he started as chief executive in December and cuts to the investment bank.

RBS planning to axe 600 UK jobs in cost-cutting plan – sources

The bank is closing about 34 branches and reducing opening hours in hundreds more in an aggressive cost-cutting plan

BNP Plans Up to 675 Job Cuts at Investment-Banking Division

Voluntary departures plan part of CIB cost-cutting effort

European Investment Banking: A Hard Sell

This new requirement must be met by the end of 2019, this leverage ratio, as the measure of financial strength is known, can include a maximum of 1.5% of contingent convertible bonds.

Meet the man turning Goldman Sachs into a 'frictionless' machine

In the current market conditions, there have been fewer and fewer banks that have been able to fund loss-leading businesses.

Barclays Plans to Sell About $15 Billion Italy Loans in 2 Years

Barclays is refocusing on the lender’s most profitable units in the U.K. and U.S.

INVL Asset Management Announces Merger Of Investment Funds It Manages

The company INVL Asset Management will merge the harmonized investment fund “INVL Umbrella Fund’s” INVL Global Flexible Subfund into the open-ended harmonized investment fund “INVL Baltic Fund”.

BNP Paribas CEO says no plan to grow presence in Italy

BNP Paribas, which bought Italian bank Banca Nazionale del Lavoro back in 2006, is often mentioned in the press as a potential investor in Italian banks.

Goldman-Backed Circle E-Payment Network Gets UK Licence, Partners with Barclays

Barclays Corporate Banking has been chosen as a financial partner by Circle in this venture.

Deutsche Bank could save US$2.2 billion staff costs, JPMorgan says

Deutsche Bank may update its cost-reduction targets when it publishes first-quarter earnings this month to "rebuild trust" with investors amid the "weak revenue environment," JPMorgan analysts wrote in a report from London on Monday.

Barclays seems confused after news that the bank's execs are trying to boost morale

Barclays is denying claims that the bank's senior staff want employees to boost morale with a friendship survey.

Nomura to cut jobs in Americas and Europe

It is unclear how many jobs will be cut.