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

Russian hot money flows into Hong Kong after West slaps sanctions on Moscow

Western sanctions against Moscow over conflict in Ukraine sees firms turning to the city for their financing needs, but some banks are wary

Barclays is letting go of 45 people a day. But who are they exactly?

To talk to fixed income recruiters in London, you’d think Barclays investment bank was in the middle of a bloodbath.

SocGen Securities Services wins French real estate fund mandate

Societe Generale Securities Services has been mandated by CILOGER, a French real estate asset manager, to provide depositary and regulatory reporting services within the framework of the Alternative Investment Funds Management Directive

S. Africa's Investec To Sell UK Mortgage Unit Kensington For $290 MLN

South African investment bank Investec said on Tuesday it will sell its UK mortgage business for 180 million pounds.

Barclays says has cut 2,700 investment bank jobs this year

Tom King, chief executive of Barclays investment bank, also said at the Barclays Financial Services Conference there were tentative signs of a pick-up in trading activity after a slow July and august.

China state investment fund Huijin eyes European banks investment

Central Huijin Investment Ltd., the state-owned holding company for China's largest financial institutions, is seeking European bank investments to diversify its domestic holdings

Time to ditch the PIN number: Barclays set to unveil technology that will identify customers using the veins in their finger

VeinID system uses infrared lights to scan blood flow under the skin

Citigroup to Make Up for EU Bonus Cap with Allowances

The move aims to compensate the officials for what they lose as a consequence of the latest EU rules.

BNP Said to Shut London Emerging-Market Proprietary Trading Desk

Banks are adapting trading businesses to an international accord calling for lenders to hold more capital and liquid assets

Europe Banks Seen Boosting Profit With $92 Billion of Asia Loans

British and French banks led the advance, boosting their combined exposure to the region by $79 billion in the past year, according to the report based on data from the Bank for International Settlements.

Pope Francis urged to rid Vatican Bank of investments in fossil fuels

The petition to the head of the Catholic church reads: “Your acknowledgement of the dire threat of climate change, the Vatican’s efforts to become the first carbon-neutral state, and your dedication to caring for Creation give us great hope.

Barclays' Index Unit May Sell For Much More Than $400 Million Asking Price

IPRS has attracted bids from nearly every major player in the index industry, including Standard & Poor’s, MSCI, Markit, Bloomberg, Thomson Reuters and the CME Group.

The collapse in pay shows banking has changed

The shift has been dramatic, but has gone unnoticed among the massed ranks of banker-bashers

Investment banks use honey, money and worry in attempt to retain juniors

Investment banks are using both the carrot and the stick to ensure that their junior talent doesn’t depart for rivals, hedge funds or private equity firms

Brocade Capital Solutions Partners with BNP Paribas

Brocade Leasing to be underwritten by BNP Paribas Leasing Solutions, allowing organisations to align network capacity with fluctuating business demands

How Barclays is restoring banking trust with innovation

Barclays is on a mission to transform the culture of banking – and technology is its enabler

Europe Investment Banking Fees Climb Faster Than Rest of World

Investment-banking fees in Europe, growing faster than in Asia and the Americas, are set to reach a seven-year high as sales of debt and stock and a buoyant U.K. economy outweigh stagnant income from trading.

KPMG says EU bank reforms should be shelved - Bloomberg

Audit firm KPMG has written to Europe's largest lenders saying a European Commission plan to separate banks' consumer and investment-banking arms should be shelved.

Credit Suisse arranged securities for BES

Swiss banking giant Credit Suisse yesterday confirmed that it had created investment vehicles for scandal-mired Banco Espirito Santo before it was bailed out by the Portuguese government.

Equity Bank’s investment arm to collaborate with London-based global investment services firm

On the other end, Equity Investment Bank is a member of the Nairobi Stock Exchange and is locally licensed to provide investment banking services including stock brokerage.