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

Deutsche Bank Q2 profits fall 49%

Continental Europe’s biggest bankset aside €600 million to cover legal costs

Barclays launches £5.8bn rights issue after £2bn mis-selling hit

Barclays has announced a £5.8bn rights issue to shore up its capital position as it reports another £2bn in mis-selling charges.

Russian banks seek new opportunities in India

The growing potential of Indo-Russian bilateral trade makes them look for opportunities in other sectors as well.

Fitch cuts French banks’ ratings after downgrading the Country

French Banks including Societe Generale, BNP Paribas and Credit Agricole were hit by credit rating downgrades in the wake of the country’s rating cut.

M&A activity continues to fall through Q2 2013

The Financial Services sector had the second largest deal value increase, up 9.5% to US$ 31.2bn from US$ 28.5bn.

Berlin approached UBS about buying Commerzbank stake

Focus magazine, citing no sources, said Schaeuble had held exploratory talks with Axel Weber, a former Bundesbank chief who is now chairman of UBS, about the sale of the 17 percent stake in Germany's second-biggest lender.

Ashmore Rises After Assets Under Management Beat Estimates

The strongest net inflows were achieved in the local currency and corporate debt themes

Moelis reveals $35m cash pot for bankers

The firm is hamstrung in rewarding staff because their ownership stakes cannot be traded in secondary markets like equity.

Bank of America Executive Killed Himself After 'Tremendous Pressure' to Resign, Girlfriend Tells Inquest

Speaking outside the court, Sroka added: "He had given everything to his career and he felt he was a failure. His death was a total shock. I died the day he died."

JPMorgan profits surge to £8 billion

The US bank is due to unveil its results next week and according to analysts' consensus forecasts

UK traders say bank is 'holding gun to our heads' over new British contracts

BNP Paribas traders based in London say the French bank is putting “a gun to our heads” over demands they sign a British contract that removes some of their perks.

UniCredit Executive Eyes Expansion in Germany

UniCredit SpA (UCG.MI) plans to invest further in expanding its operations in Germany,

Italy's Intesa Sanpaolo Bank mulls expansion in Israel

Despite complaints that foreign investors are avoiding Israel because of over-regulation, the hostile mood against the private sector, and geopolitical tensions, it turns out that not everyone thinks in this way.

Societe Generale strengthens presence in sub-Saharan Africa

In Ghana, SGSS will provide custody of Ghanaian equities and bonds and a comprehensive foreign exchange and cash management service to a clientele of Ghanaian and foreign investors, frontier market funds and other players looking for increased exposure to

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