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

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.

Goldman eyes sub-prime lender

The business has been put up for sale by Investec, which paid £283m for Kensington in July 2007

Rabobank's full-year profit dips 2 pct after Libor fine

The cooperatively owned bank paid 774 million euros to British, U.S. and Dutch regulators after 30 staff were found to have been involved in "inappropriate conduct"

London M&A bankers pocket higher 2014 bonuses

Most London-based bankers working on mergers and acquisitions and advising companies on deals received higher bonuses in 2014, with junior bankers seeing payouts rise sharply

Barclays Shutters Power Trading Desks in NY, London

New regulations and earnings losses is forcing major changes inside the investment banking giant.

Britain sets lighter conditions for foreign investment bank branches

Britain's central bank set lighter conditions on Wednesday for branches of Chinese and other non-European investment banks as part of efforts to bolster London's role as a financial centre.

BNP Paribas hopes to pick up fiduciary mandates

BNP Paribas Investment Partners is among a new breed of managers seeking to break into the UK fiduciary market as a glut of mandates falls due.

Lloyds Seeks ‘Lower’ Ringfence To Save Investment Banking Business

Lloyds Banking Group Plc is in talks with Britain’s Prudential Regulation Authority over “ringfencing” rules in an attempt to save its investment banking functions

Survey Says Investment Banking Clients Want

Since the credit crunch, investment banks have been berated by politicians, regulators and the media.

Deutsche Bank Managed Fund Nears Deal to Sell Housing Unit

A Deutsche Bank AG managed fund has confirmed it will sell a housing portfolio valued at 1 billion euro to Austria's Immofinanz AG, which will then float the unit on Frankfurt's stock market by end-March

Société Générale Repays ECB Loans

French bank Société Générale SA said Wednesday it repaid the cheap funds it borrowed from the European Central Bank two years ago in a further sign that financial markets are returning to health, as it swung to profit in the f

Commerzbank Said Seeking Debt Buyers in $6.8 Billion Spain Exit

Commerzbank probably won’t decide whether to sell or wind down the loans before the middle of the year, said one of the people.

UBS expands pension risk management business

UBS has placed greater emphasis on its pension risk management business by segmenting it from asset management to become a separate department

Barclays set to reignite bonus row amid inquiry

Barclays is poised to defy calls for pay restraint by lifting staff bonuses by at least 10 per cent despite an expected slide in profits