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

BBVA reinforces its Digital Banking area with the appointment of two new executives

BBVA incorporates two U.S. executives with successful careers dedicated to innovation in banking.

Seven reasons why Barclays was forced to shed 19,000 jobs

There are forces at work that are altering the nature of modern banking... and no institution is exempt

Barclays boss Antony Jenkins pledges the bank will never again raise bonuses when profits have fallen

Barclays has claimed payouts had to rise to avoid a ‘death spiral’ where top bankers jumped ship to higher-paying competitors.

Barclays' strategy should strengthen bank, says Fitch

Fitch says that for this improvement to be realised, the bank will have to reduce materially

Deutsche Bank says head of electronic forex trading has retired

Der Spiegel cited Deutsche Bank insiders as saying that there were no allegations against Mandeno or Rogers

Barclays Ex-CEO Diamond Facing Questioning Over Qatar Deal

U.K. prosecutors will question Robert Diamond, former chief executive officer of Barclays Plc

Scottish Mortgage boss hits out at investment managers

James Anderson, outspoken manager of the £2.4billion Scottish Mortgage trust, has stepped up his attack on the fund management industry

Corporate Commercial Bank Acquires Credit Agricole Bulgaria

News of the forthcoming acquisition spread on January 22, with the French bank estimating a EUR 160 M reduction in its risk-weighted assets after the deal is finalized.

Barclays Wields The Axe In Investment Banking Revamp

The number is higher than the 10,000 to 12,000 jobs that the bank said earlier this year that it wanted to cut.

Barclays telecoms team exits for Canadian investment bank

The group of analysts is thought to include team co-head Jonathan Dann and as many as four colleagues, according to one of the people familiar with the matter.

BNP Paribas Securities Services and Euroclear extend partnership on Euroclear's Collateral Highway to four new markets

The service is already used by a number of investment banks and brokers.

ICICI Bank cuts its equity in UK, Canada arms

ICICI Bank, the country’s largest private sector lender, has trimmed its equity investment in its United Kingdom and Canada arms to seven per cent of its net worth, from 11 per cent in the last four years.

SocGen profit tumbles on Russia unit writedown

The group said the first three months of the year were marked by the emergence of the crisis in Ukraine as it confirmed its purchase of its minority stake in Russian bank Rosbank last month.

Commerzbank gets five final bids for Spanish property loans

Germany's second-biggest lender is expected to enter exclusive negotiations with one of the bidding consortiums within four weeks and is likely to sign a deal by the end of the quarter, added the sources.

Societe Generale Finalises The Acquisition of Newedge

Societe Generale has finalised the acquisition of Credit Agricole's 50% stake in the capital of Newedge, a derivatives brokerage subsidiary, thus bringing its ownership to 100%.

NAB investors want Thorburn to exit UK

INCOMING National Australia Bank chief Andrew Thorburn has been given further incentive to resolve its troubled British operations, with long-suffering investors labelling it the biggest spark to the group’s share price.

Investment banks and private equity firms battle for ‘elite’ junior bankers

Everyone wants a good junior investment banker these days. Unfortunately for any analysts and associates assuming that they’re hot stuff, both banks and private equity firms are only fighting to recruit and retain a select few.

'Rogue trading is still alive and well and actually getting worse'

Less than 5% of unauthorized financial trading cases may have been reported

Barclays mulls withdrawal from continental Europe

Britain's third biggest lender may sell its continental European operations as part of its strategic review

Norges Bank Selects Citi as Sole Global Custodian

The mandate is believed to be one of the largest of its kind in the industry.