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

Credit Agricole’s profit doubles even as investment banking lags

Its cost of risk – a reflection of provisions against loan loss – was down by 66.8%, while revenue rose 18.8%.

VTB accelerates relocation to Frankfurt as UK losses balloon to $213mn

That had led to business lines and other bankers being relocated from London to Frankfurt in the wake of Brexit and the retention of severe sanctions against the bank.

Societe Generale joins Wall Street pay battle with salary bump

French bank hikes packages for front office roles as war for talent continues

Me me me … bankers chasing bigger bonuses

Investment banks, and banks generally, had a great run last year – thanks to taxpayers

The market is overlooking the change in Europe’s investment banks

Resilience through the pandemic shows how much has changed for sector

Credit Agricole Profit Beats as Bad Loan Provisions Decline

After setting aside billions of euros last year when the pandemic shut down the economy, European lenders are showing optimism that vaccination could stymie a recovery, translate into falling provisions and boost profits.

Bank of Ireland at a competitive disadvantage on remuneration - CEO McDonagh

Ms McDonagh said the restrictions were the 'right thing at the right time' but now was the time for a remuneration policy shift as the government prepares to sell down its near 14% stake in Bank of Ireland.

Global Banks’ $170 Billion Haul Marks Most Profitable Year Ever

Banks with wealth and asset management units enjoyed buoyant equity markets as the world economy began to recover, aided by unprecedented government support programs.

SocGen reports best first-half performance in 5 years

Paris-based bank’s €1.4bn second-quarter net income is 68% ahead of analysts’ forecasts

Income investing in the summer of the UK ‘super dividend’

Income investors are enjoying a bumper crop of payouts this summer — but are they sustainable?

EBRD and Jordan Securities Commission strengthen cooperation

The EBRD is providing technical assistance to bolster the resilience of Jordan’s capital market, supported by €1.05 million of funding from the government of Japan through the Japan-EBRD Cooperation Fund (JECF).

Credit Suisse Group announces second quarter 2021 financial results

Our underlying business performance remains solid with a record level of assets under management in our Wealth Management and Asset Management businesses, supporting strong growth in recurring commissions and fees.

BBVA is the best bank in Europe in social responsibility, according to Euromoney

In this regard, Euromoney pointed out that a total of 839,773 people, 24% of those who benefited from the plan

Bacchus Capital to Launch Technology Investment Banking Advisory and Ventures Business

Chris van Wyk to Join Bacchus Capital as Managing Director and Head of Technology Investment Banking Advisory

Germany’s banks start ditching office space as remote work soars

The pace with which the banks in Germany are transforming their real estate footprints is setting them apart

BNP Paribas acquires Exane

Following a recent announcement in March 2021, BNP Paribas has received all the necessary approvals and completed the acquisition of 100% of Exane.

Goldman wrangles over whether to pay junior bankers higher salaries

Some executives argue bank must reward performance while others fear losing staff to rivals

Macron rolls out red carpet to JPMorgan, global CEOs in post-Brexit push

Macron's advisers say that is testament to the appeal of France's pro-business reforms implemented since the former investment banker's election in 2017.

Credit Suisse’s New Boss Should Scare Investment Bankers

Horta-Osorio wants to rehabilitate the firm’s battered reputation but that may require only a few adjustments to reality. Just look at Deutsche Bank.

Credit Suisse’s New Chairman Sends Chill Through Investment Bank

Known for reviving Lloyds after the British lender took a bailout, Horta-Osorio has brought a direct manner to Credit Suisse that’s earned him both criticism and admiration after his first few months in charge