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

Investment banks should cut balance sheets by $1 trillion

Investment banks must take tough decisions to quit ailing business areas and should reduce their balance sheets by $1 trillion or almost a tenth to lift profitability

Bankers are not all wolves - TSB will bring trust back to banking

Banks have spent the past six years making headlines – for all the wrong reasons.

Barclays Said to Miss Alibaba IPO Fees by Defying SoftBank’s Son

The investment bank lost the chance to be among firms sharing hundreds of millions of dollars in fees from Alibaba Group Holding Ltd.’s initial public offering when it advised and financed Charlie Ergen’s failed effort to buy Sprint Corp. last

Deutsche Bank Said to Plan Job Cuts at Investment Bank

Who asked not to be identified because the details aren’t public.Managing directors are included in the plan, they said.

Barclays to sell IPRS unit as part of investment bank overhaul

Shares in Barclays were given a lift by stories that the bank is weighing up the possible disposal of its Index, Portfolio and Risk Solutions unit, with two rival buyers mooted.

UniCredit rules out sale of HVB, no comment on Pioneer

Italy's biggest bank by assets, UniCredit SpA, ruled out on Monday a possible sale or listing of its German unit HVB

Director Dealing: HSBC Employees Awarded shares, Sell More

The company's Finance Director Iain Mackay acquired 242 shares before selling 6,381 shares, bringing his total holding to 1.0 million shares.

Credit Bank of Moscow Reports Net Income

Credit Bank of Moscow reported net income for 2013 of RUB 8.9 bln, an increase of 53.7 percent compared to 2012 net income of RUB 5.8 bln.

Western banks ready to cut off finance for Russia

THE world’s biggest banks are this weekend preparing to cut credit lines to Russian clients, risking a run on the rouble.

Barclays' Head of Equities for Asia-Pacific Nick Wright Retiring Amid Bank Shake-up Rumours

Nick Wright, the head of equities for Asia Pacific at Barclays, is retiring amid growing rumours that the bank is looking at paring down the company and restructuring roles and units to become more profitable.

Barclays reviewing the shape and size of its investment bank

Barclays is reviewing the size and shape of its investment bank, in a review that is expected to result in it shrinking and focusing on its most profitable areas

UBS delivers a poke in the eye for equity bulls

The bull markets are raging, IPOs are surging and investors are pinning their hopes on the FTSE breaking through the 7,000 barrier for the first time this year.

Investment Bank Revenue to Decline 11% in Quarter, JPMorgan Says

A decline in price swings and margins will contribute to a 19 percent contraction in revenue from trading fixed-income, currencies and commoditie

Green Investment Bank could move to private ownership, says chair

The chairman of the UK Green Investment Bank has said the government-owned bank should eventually be owned by the private sector.

BNP Paribas Suspends Forex Traders

BNP Paribas SA and Bank of America-Merrill Lynch have joined the swelling ranks of currencies-dealing banks to have suspended staff as part of the global probe into the wholesale foreign-exchange market

BNP Paribas is ranked as the top European Bank in the Greenwich Associates rankings

BNP Paribas is in top position in terms of Corporate Banking, Cash Management, Debt Capital Markets and Trade Finance, according to surveys carried out by Greenwich Associates.

Report calls for management shake-up at top firm

The Financial Times reports that some Barclays shareholders are calling for a management shake-up at the top of its investment banking division.

BNY Mellon CSD approved by Luxembourg Stock Exchange

BNY Mellon CSD SA/NV, has been accepted as a recognised system for settling transactions in securities listed on the two markets operated by the Luxembourg Stock Exchange.

French bank eyes Gulf projects to grow financing business

Societe Generale aims to leverage its experience in structured and transport finance to grow its business in the Gulf

Standard Chartered mulls selling divisions

Standard Chartered bank is seeking to sell about six units in Asia, Europe and the Middle East, the Wall Street Journal reported Tuesday citing people familiar with the matter.

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