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

No Gold Bars But Higher Salaries for London Bankers with Bonus Cap

In the 1990s, London-based investment banks rewarded top employees with gold bars, fine wine and oriental carpets to dent the impact of higher payroll taxes.

Key Facts About BNP Paribas

BNP Paribas operates one of the largest retail bank networks in the world.

Credit Suisse Sees Sovereign-Debt Growth as Rates Unit Shrinks

The second-biggest Swiss bank is a market maker for sovereign debt in nine European nations, including Germany and the U.K., and has no plans to cut back in those markets, London-based Laurent Curtat said in a phone interview yesterday.

UBS Investment Bank Bans Use of Multi-Bank, Social Chat Rooms

Regulators have targeted traders’ electronic messages, using them as evidence of wrongdoing in their investigations into the manipulation of benchmark interest rates and foreign- exchange markets.

Trader Messages Scrutinized as UBS Bans Chats Among Firms

Messages between traders in a commodities chat room last week ranged from the dating habits of Kim Kardashian’s mother to West African pirates plundering oil and gas reserves to a riddle.

London Bank Plans African Office

Johannesburg Exotix Ltd., the London-based investment bank boosting its African equities team, plans to open its first office on the continent in the next six months

Rothschild parent Paris Orleans posts lower sales, net profit

Paris Orleans reported lower first-half revenue and net profit, citing a weak merger-and-acquisition market as well as impairment charges related to its investment in Banque Privee Edmond de Rothschild.

Buckingham Palace 'hired out' for bank dinner

JP Morgan, the US investment bank, hired Buckingham Palace for a dinner hosted by the Duke of York, it was claimed.

Bank of America intern died of natural causes - inquest

His death highlighted concerns about interns working excessive hours and even through the night after newspaper reports suggested that Erhardt had worked for 72 hours without sleep before he died.

Investment Banks Must Fire Thousands To Survive - McKinsey

McKinsey fears that investment banks' attempts to cut costs have so far been too ineffective and that firms must move to reduce their staff head count.

RBS in talks over investment bank

RBS said it was in talks with a single third party over the deal but that no agreement had been reached

Good news for bankers but it won't help the humble customer

Rabobank and Danske both announced they were abandoning Ireland in recent months

RBS to park billions in shipping loans at 'bad bank' -sources

Shipping has weighed heavily on its financiers, with the industry facing one of its worst downturns in decades.

VTB Capital to exit Luxoft through share offering

Russian investment bank VTB Capital plans to sell its entire 9 percent stake in software developer Luxoft through a secondary share sale that could raise up to $87.5 million

HSBC, JPMorgan top global banks capital surcharge list

JP Morgan and HSBC topped the list of the world's top 29 banks that must hold extra capital from 2016 because of their size and reach

UBS Pulls Away From State

UBS has repurchased a troubled asset fund handed over to Switzerland's central bank in the midst of the financial crisis, marking a symbolic end to state support for the country's biggest lender.

SocGen Said to Lift Newedge Stake in Swap With Agricole

Societe Generale has entered into exclusive negotiations with Credit Agricole to acquire the additional 50% stake in Newedge,

Valartis Chooses VTB Unit to Run Its $1 Billion Russia Fund

As part of the agreement, Valartis senior portfolio manager Tim McCarthy and a team of analysts will move to the VTB unit, part of Russia’s second-largest lender

Singapore Press-RBS wants stronger link between Asia, UK ops - Business Times

Despite the bank's strength back home, only 10 per cent of its business in Asia is linked to the bank's UK operations

BNP Paribas Completed Acquisition of Commerzbank “Depotbank” Business

In July BNP Paribas Securities Services signed the acquisition of the “Depotbank” business of Commerzbank.

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