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

Deutsche Bank Tops Korean Merger Advisory on Anheuser-Busch Deal

South Korean mergers surged this year amid improved prospects for economic growth

Deutsche Bank Denies Report on Search for Successors to co-CEOs

Deutsche Bank AG denied a report by Manager Magazin that Paul Achleitner, the company’s supervisory board chairman, is looking for potential successors to co-Chief Executive Officers Anshu Jain and Juergen Fitschen.

Barclays CFO Tushar Morzaria Faces Question of What to Do With Investment Bank

In recent private meetings with analysts and investors, Barclays PLC's new finance chief, Tushar Morzaria, surprised attendees with a frank admission: The British bank hasn't had a credible plan for what to do with its sprawling investment bank,

BNP Paribas IP restructures emerging markets business model

The restructuring was the centre of discussion during a workshop of about 80 heads of emerging markets businesses for BNPP IP from all over the world held in Singapore this week.

Diamond Banks Reduce Industry Lending

Rough diamond prices gained 10 percent last year

Deutsche Bank seeks shareholder approval for bonus increase

Deutsche Bank will ask shareholders to approve raising limits on executive bonuses for 2014 as required by new European rules

Barclays Will Probably Keep Its Investment Bank, Berenberg Says

Barclays Plc will maintain its “universal banking model” and keep its investment bank amid a review of its securities unit, according to analysts at Berenberg Bank.

JPMorgan's Dimon says U.S. banks healthy, Europe lagging

European banks are still lagging behind the U.S. banking industry, which has almost completely recovered from the global financial crisis

Deutsche Bank Chairman Paul Achleitner backs Anshu Jain

Deutsche Bank has backed its India-born co-CEO Anshu Jain, amid reports that the German bank was looking at his replacement, saying he is doing an "excellent job".

Report - top firm cuts London and New York staff

The Financial Times reports that VTB Capital has cut its operations in London and New York in a move that highlights how Russia’s second-biggest bank has curbed its international growth ambitions in investment banking.

Raiffeisen Bank subsidiary to close Crimea branches

A subsidiary of Raiffeisen Bank International will close all its branches in Crimea by mid-month, the bank said yesterday, following Russia’s annexation of the Black Sea peninsula.

Royal Bank of Scotland breaks vow to keep banks open by axeing 44 branches

The bank made a ‘customer charter’ pledge to keep any branch open if it was the last bank in town in a multi-million pound advertising campaign launched four years ago – along with a promise to ‘offer the best quality service possi

European banks expected to bid for Germany & 39s IKB – resources

Personal fairness investor Lone Star is predicted to get bids from some big European banking companies for company financial institution IKB

Confusion Reigns in Finance as JPMorgan Blocks Russian Embassy Payment

The payment was to be sent from the Russian embassy in Kazakhstan to Russian insurance agency Sogaz, which is partly owned by Abros, a subsidiary of Bank Rossiya.

Natixis to Increase Japan Staff by 50% in Asian Expansion Push

The recruits will help the firm spur sales of fixed-income and equity products, including derivatives, to local clients through Japanese financial institutions.

Rothschild and Dutch lender ends Investment Banking Cooperation

Australian news website Business Spectator reported the news earlier today.

Nordea gains license to access China A-Share market

The Chinese government has granted Nordea Qualified Foreign Institutional Investor status, allowing it to trade directly in China's A-Share market through stock exchanges in Shenzen and Shanghai.

China Development Bank Deals Mark Africa Push

Between cooperation pacts signed last week with British lender Barclays PLC and French bank Societe Generale, CDB has secured expertise spanning Africa, a key focus of China’s push for global resources and influence.

Investment Banking Conflicts of Interest Probed by U.K. FCA

The U.K. finance regulator will review how investment banks manage conflicts of interest between their obligations to clients and their own trading positions.

Green Investment Bank announces major investment in UK offshore wind

The UK Green Investment Bank has revealed plans for equity investments worth £461m in offshore wind projects that will use “next generation” turbines manufactured by Siemens, which itself has plans to boost the sector.