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

All shares in ABN Amro likely to be sold off

BN Amro bank is likely to be sold off in its entirety when the government privatises it, rather than divested in tranches

The BNP Paribas Group in Germany, today and tomorrow

The BNP Paribas Group has been present in Germany since 1947 and operates through 12 business lines across 14 site locations.

Corporate & Investment Banking recognised by Euromoney Magazine’s 2013 Awards for Excellence

This is the first time that SG CIB has been awarded "Best Infrastructure & Project Finance House" by Euromoney

Credit Agricole Profit Surges After Disposal of Greek Unit

The profit surged in the second quarter after the sale of its unprofitable Greek unit.

Irish arm of JP Morgan reports 50pc fall in profit

Pre-tax profits at the IFSC -based arm of banking giant JP Morgan more than halved last year.

'Havoc' as HSBC prepares to close diplomatic accounts

The head of the UK's Consular Corps told the Mail on Sunday the decision has created "havoc".

HSBC raises pretax profit 10%, cuts impairments by £1.7bn

Banking giant HSBC Holdings reported pretax profit of $14.1bn in the first half to end-June, an increase of 10% compared with the same period in 2012.

Barclays Investment-Banking COO to Leave

The chief operating officer of Barclays PLC's investment banking division plans to leave the bank, according to an internal memo.

BNP Paribas Second Quarter Profit Falls 5%

Stable and resilient revenues: Q2 2013 revenues were €9.9 bn, down 1.8% vs Q2 2012, but revenues stable at operating divisions level

Crédit Agricole Bids Adieu to Pricey Lunch

New Rules at Crédit Agricole Mean Investment Bankers Must be More Frugal When Dining

Deutsche Bank Q2 profits fall 49%

Continental Europe’s biggest bankset aside €600 million to cover legal costs

Barclays launches £5.8bn rights issue after £2bn mis-selling hit

Barclays has announced a £5.8bn rights issue to shore up its capital position as it reports another £2bn in mis-selling charges.

Russian banks seek new opportunities in India

The growing potential of Indo-Russian bilateral trade makes them look for opportunities in other sectors as well.

Fitch cuts French banks’ ratings after downgrading the Country

French Banks including Societe Generale, BNP Paribas and Credit Agricole were hit by credit rating downgrades in the wake of the country’s rating cut.

M&A activity continues to fall through Q2 2013

The Financial Services sector had the second largest deal value increase, up 9.5% to US$ 31.2bn from US$ 28.5bn.

Berlin approached UBS about buying Commerzbank stake

Focus magazine, citing no sources, said Schaeuble had held exploratory talks with Axel Weber, a former Bundesbank chief who is now chairman of UBS, about the sale of the 17 percent stake in Germany's second-biggest lender.

Ashmore Rises After Assets Under Management Beat Estimates

The strongest net inflows were achieved in the local currency and corporate debt themes

Moelis reveals $35m cash pot for bankers

The firm is hamstrung in rewarding staff because their ownership stakes cannot be traded in secondary markets like equity.

Bank of America Executive Killed Himself After 'Tremendous Pressure' to Resign, Girlfriend Tells Inquest

Speaking outside the court, Sroka added: "He had given everything to his career and he felt he was a failure. His death was a total shock. I died the day he died."

JPMorgan profits surge to £8 billion

The US bank is due to unveil its results next week and according to analysts' consensus forecasts