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

UBS fires eighteen over Libor-rigging scandal

Eighteen UBS staff were sacked over the Libor-rigging scandal that saw the bank hand over $1.5bn (£940m) to regulators, the second-largest fine ever paid by a bank.

BNP Paribas leads French merger and acquisitions advisory market in 2012

For the 8th time in a row, BNP Paribas ranks no 1 the French merger and acquisitions advisory market in 2012.

BNP Paribas leads French merger and acquisitions advisory market in 2012

For the 8th time in a row, BNP Paribas ranks no 1 the French merger and acquisitions advisory market in 2012.

Italy's AM industry posts strong end of 2012 inflows, says Assogestioni

In November, Italy's asset management industry posted €852m inflows

Goldman Sachs senior staff 'got average pay deal of £1.8m'

Goldman Sachs senior staff in the UK received an average pay deal of £.18m last year, according to regulatory filings.

'Banks Are Wondering Which Investment Banking Activities They Should Keep'

Some are even contemplating more drastic options.

'Casino' puts Barclays top of UK investment bank league

Barclays has emerged as the top investment bank operating in Britain despite calls from some investors for it to dispose of the division, often dubbed the 'casino' bank.

French Bank Showed Parody Hitler Video To Motivate Top Employees

We won't fault BNP much. They're frequently fairly funny, though some employees were reportedly offended.

Slumping fees this year force shakeup in investment banking

Fees were at a 10-year low as volatile markets forced many companies to put off plans to list or make acquisitions

UniCredit CEO calm on sale of BoI stake in Generali to state fund

Unicredit is a shareholder of Generali's leading shareholder Mediobanca

BNP Paribas wins IFR's Bank of the Year

Thomson Reuters announced the winners of the International Financing Review Awards 2012.

Investment trust managers expect markets to rise in 2013, annual poll results indicate

"It's not all expected to be plain sailing. All managers are braced for some volatility next year, but the majority feel the year will end higher than it started."

Credit Suisse moves Russia investment banking to London

The Zurich-based bank will move its debt and equity capital markets, and corporate advisory businesses to London

Libya Withdrawing Investments From BNP Paribas, Societe Generale

The state-held fund, which has $12 billion in assets, had about $10 billion invested outside the oil-rich nation

Kbc sells part of private equity portfolio

KBC Private Equity NV has reached agreement with KeBeK I, a newly established private equity investment fund managed by KeBeK Management NV, regarding the sale of the major part of KBC PE’s remaining private equity portfolio.

Gatehouse Bank acquires 2nd US ‘portfolio’

Gatehouse Bank has completed the acquisition of a diverse industrial portfolio of 19 operationally critical properties across the United States of America.

Middle Eastern banks make formal offer for Malta-headquartered trade finance bank

The offer provides for “a comprehensive approach culminating in a rights issue to increase the bank’s capital”. Burgan and UGB could potentially acquire a controlling interest in Fimbank.

BNY Mellon's German Investment Boutique to be Renamed

The choice of name was made after a thorough research process.

Citigroup Investment Banking Unit To Cut Bonuses, 150 Jobs

The securities and banking division employs about 17,000 people.

Barclays could ax as many as 3,500 investment bank staff

Barclays could ax as many as 3,500 investment bank staff and cut its advisory or equities operations in Asia as part of a broader strategic review aimed at fixing the bank's culture in the wake of the financial crisis.