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

U.S. Banks Continue European M&A Domination

U.S. investment banks are picking up where they left off in European mergers and acquisitions last year

U.S. Banks Continue European M&A Domination

U.K.-based Amec and Swiss rival Foster Wheeler have agreed the outline terms for a recommended cash and share offer worth around $3.2 billion.

JP Morgan launches fund to invest in European equities

JP Morgan Asset Management India Private Ltd today announced the launch of its Europe Dynamic Equity Offshore Fund.

UBS Weighing Spinoff of Investment Banking Unit, Mediobanca Says

UBS said in October its target to reach a 15 percent return on equity in 2015 will be delayed by at least one year after the Swiss regulator requested the Zurich-based bank hold more capital for litigation risks.

London's top 10 deal makers

As the City’s M&A activity is expected to spring into life this year, who are London’s top deal makers by value?

Foreigners don’t pay tax? Really? by David Heaton

Much has been made in the press about the tax status of these migrants – so what’s the truth?

Malta-based specialist trade finance bank acquires stake in Slovenia's Prvi faktor

The initial investment contract with FIMBank is in line with the NLB's strategic plan to offload non-strategic investments

Goldman Sachs Raised 2012 Pay for Top U.K. Bankers as Rivals Cut

The largest U.S. banks reported their figures for 2012 as recently as this week under European disclosure rules that are part of a regulatory push to alter pay practices blamed for contributing to the 2008 financial crisis.

European Fees Return for Investment Banks

Investment banks secured more fees from German clients in 2013 than in any year since 2008, as fees paid across the wider continental European region also increased significantly on previous years.

Russian Rosneft to Acquire Morgan Stanley Unit

Russian state-owned Rosneft has announced plans to acquire Morgan Stanley’s unit for storing, trading and transporting oil products.

Burberry and Sainsbury’s in spotlight as possible takeover targets for next year

Investment bank UBS chooses its top picks for takeovers in 2014

French IT services firm hires advisers for Danish payment service firm bid-paper

"It has very high priority for Atos," an anonymous source with knowledge on Atos' plan told Borsen.

RBS plans salary boost to dodge bonus cap

A handful of executives at the taxpayer bank’s markets division could see their monthly wage almost double to compensate for the new rules, according to sources.

UBS Sells Stock Benefits Manager to Montagu Private Equity

The sale of the unit, called Corporate Employee Financial Services International, is expected to close in 2014

Secret Currency Traders’ Club Devised Biggest Market’s Rates

It’s 20 minutes before 4 p.m. in London and currency traders’ screens are blinking red and green.

Russian Bank Chief Weighs Firings as Costs Absorb Revenue

VTB Capital International has missed its profitability targets for the past five years, Atanas Bostandjiev wrote in a Nov. 15 memo to Yuri Soloviev, deputy chief executive officer of parent VTB Group.

Britain outstrips rest of Europe in M&A deals

The UK’s deal-making outstrips its more robust European peers with Germany recording just six M&A deals and France and the Netherlands reporting just seven deals in 2013, according to research by Cass Business School and professional services fi

Risk and compliance professionals flee investment banking for the “buy-side dream”

A migration of experienced talent from investment banking into asset management could result from changes in the regulatory environment according to research carried out by Charles Cooper, financial services risk consultant at Twenty Recruitment.

Santander ups bet on China with Bank of Shanghai stake

Several major U.S. and European banks including Bank of America and Switzerland's UBS have started shedding their Chinese holdings for a variety of regulatory and business reasons.

ABN Amro to enter UK leasing market

Dutch-owned bank hires Aldermore's George Ashworth to go head-to-head with GE and Lombard