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

Goldman Sachs Agrees to Buy Stable Value Unit From Deutsche Bank

Goldman Sachs expects to complete the purchase of the unit

Signature of an agreement for the sale of Dexia Asset Management

Dexia Asset Management has received multiple awards in recent years across its entire product range

SocGen CEO defends 2015 profit target

European banks promising return on equity of around 15 percent in two years may face challenges hitting this target given the tough outlook, Societe Generale's Chief executive said on Wednesday.

Smith & Williamson celebrates double win at STEP Private Client Awards 2013/14

Smith & Williamson, the accountancy and investment management group, has been named Accountancy Team of the Year and Investment Team of the Year at the STEP Private Client Awards 2013/14.

Credit Agricole may boost regional banks' powers -papers

French bank Credit Agricole is considering a reorganisation that could bolster the powers of the regional savings banks that are its main shareholders.

RBS raises £630m from sale of Direct Line stake

Royal Bank of Scotland Group raised about £630 million from its third sale of a stake in Direct Line Insurance Group

Belgium considers sale of BNP Paribas shares

Belgium took its stake in BNP Paribas following a bailout of Belgian financial group Fortis

UBS poaches Morgan Stanley's global head of research

The Swiss bank also poached Morgan Stanley's chief operating officer for investment research

Banks still 'too big to fail', says Bob Diamond

Political leaders, regulators and banks and need to collaborate on the core issues in an internationally co-ordinated effort to establish a robust resolution regime.

National Bank Shutters Institutional Equities Office in Geneva

“The bank remains firmly committed to the ongoing development of its European business, most notably through our London office with institutional client trading and corporate financing and in Paris for banking activities,” he said.

BNP Paribas CIB announces changes to Fixed Income organisation

BNP Paribas Corporate and Investment Banking have announced that, as of 1st October 2013, its Fixed Income business will be managed across four global product lines and three regions.

Lloyds Asked to Invest Additional £240m into revived TSB

The UK's Lloyds Banking Group has been asked to invest an additional £240 million into the revived TSB in order to increase its ability to compete with the four largest banks in the UK.

VTB Group announces IFRS results for the first six months of 2013

VTB Group today publishes its Interim Condensed Consolidated Financial Statements as at 30 June 2013 with the Independent Auditors' Report on Review of these Statements.

Deutsche Bank Plans to Extend Contract of Co-C.E.O.

Deutsche Bank announced on Wednesday that it planned to extend the tenure of its co-chief executive, Jürgen Fitschen, in a move aimed at pre-empting leadership questions at Germany’s largest financial institution.

SocGen, Agricole deal on Newedge, Amundi seen in weeks: paper

The agreement would also see SocGen cut its 25 percent stake in Amundi

Banca Generali says net inflows 117 mln euros in August

Italian asset manager Banca Generali said on Thursday that net inflows reached 117 million euros ($153.49 million) in August.

Wells Fargo Deploys Standards Across Global Operations

Wells Fargo takes a different approach to global operations from many of the other banks participating at the SWIFT Sibos conference in Dubai this month.

Goldman in London quit warning

European banks will relocate onto the Continent from London 'in very short order' if Britain exits the European Union.

Strategic partnership boosts Russia-China ties

The partnership will help with cross-border mergers and acquisitions and other financial advisory services

US Investment Bank Expands into Russia

New York-based investment bank Jefferies Group LLC plans to hire up to four investment bankers for its first Moscow office