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

Credit Agricole CFO sees Emporiki sale in weeks

Credit Agricole expects the sale of its crisis-scarred Greek bank Emporiki to be signed within "weeks"

Bank of London and the Middle East trebles fee income

Total assets up 13% owing to a significant increase in Leasing, Property and Trade Finance business.

BNP Paribas seeks growth beyond euro zone

Analysts keen for growth strategy after retrenchment

Banca Generali posts strong inflows as parent company reshuffles top management

Inflows referred mainly to funds and SICAVs, with €78m compared to €35m in July.

French, Chinese banks announce SME investment alliance

Zhang Xuguang, chairman of the China Development Bank Capital, meanwhile stressed that the bank is "confident about the growth potential of French companies despite the economic context".

UK tells banks to cut exposure to euro breakup risk

This "redenomination risk" is evident at Santander UK, Royal Bank of Scotland and Barclays, although much of it has been hedged, according to data published by the banks in response to the regulator's demands.

Societe Generale CEO- universal banks safest kind

Regulators have called for the introduction of rules along the lines of the U.S. "Glass-Steagall" law

Spanish Banks are in BIG Trouble

This is as serious as it gets. With Europe it’s easy to get complacent. We’re all a little desensitised to the European problem.

Fortune Global 500: BNP Paribas among the top-ranked banks

US business magazine Fortune published in July its 2012 'Global 500' list, which ranks the world's largest corporations by revenue.

Rabobank may succeed at getting one buyer for all investment units

Investment bankers say bids for Robeco are due by mid-September and a deal could be reached as early as October. Representatives for Rabobank and Robeco declined to comment.

German Landesbanken cuts down on overseas exposure

In the first six month of the current fiscal, Landesbank Baden-Württemberg and BayernLB have slashed their overseas exposure in North America, while reducing their non-domestic commitments in Western Europe, including in so-called "peripheral&am

Demerger of Biverbanca's stake in Bank of Italy gets go-ahead

The transaction involves assigning the stake held by the Piedmont-based institution in the share capital of Banca d’Italia in favour of current Biverbanca shareholders before the sale to CR Asti takes effect.

RZB reports Profit before tax rose 6.2 per cent

Balance sheet total increased 4.8 per cent to € 157.2 billion

Investment banks raise starting salaries to attract graduates put off by scandals

The rise is on top of a big jump in starting salaries at the banks last year as the “social stigma” of working for a bank rises again.

Credit Agricole sees Greek unit sale within weeks

Credit Agricole had said on August 9 it was assessing offers from Greek banks for Emporiki.

Valartis Group posts profit for the first-half of 2012

Net commission income was relatively stable with a decrease of 10 per cent due to a downturn in transaction-based revenues, while net interest income fell by 19 per cent year-on-year.

UK investment bankers prefer Singapore

Of the 462 investment bankers that were asked, 31 per cent said they would most like to work in Singapore. By comparison, only a fifth preferred New York and only 19 per cent opted in favour of London.

Last Man Standing Means Europe Investment Banks Resist Shrinking

The game plan won’t work again as rising capital requirements and declining business alter the investment-banking landscape, investors and analysts say.

Standard Bank Sees ’Challenging’ Six Months as Costs Rise

Loan impairments surged 35 percent to 3.9 billion rand.

European banks top list of world’s safest

That’s the same rung TD occupied in the magazine’s last update in the spring.

Investment Banking