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

RBS loses £2bn and hands £785m in bonuses

The Royal Bank of Scotland has risked taxpayer fury as its bonus payments outstrip the size of its losses in 2011.

International trade set to drive UK economic growth

HSBC is playing its part in growing the UK economy, in 2011 UK exports rose 13% and over the same period our export related business grew 33%, within which trade finance lending underpinning exports grew 91%.

What's wrong with Britain's fund industry

"A lot of this is in the hands of the Financial Services Authority and the Investment Management Association," he says.

Top S'pore bank open to acquire Asia assets of EU banks

While European lenders looking to sell Asian assets in recent months have approached the bank, he says the pricing has not been attractive.

Santander brings in EBRD to seal Kredyt Bank

Shares in Kredyt Bank jumped as much as 6 percent after the Reuters report and were up 3.4 percent by 1450 GMT.

Nordea releases annual report

Return on equity was around 11 per cent for 2011. Capital adequacy has increased during the year, and the core tier 1 capital ratio is over 11 per cent. The solid financial development has been important for Nordea's ability to maintain a strong fun

Civil war breaks out at Royal Bank of Scotland

Current and former senior employees in GBM describe an organisation in turmoil, riven by power struggles even as managers are forced to fire thousands of staff.

Ken Livingstone sparks anger with 'hang bankers' speech

A spokesperson for Livingstone insisted it was simply a joke.

Spain moves to ease bank merger fears

Banks in Spain, which have been encouraged by new legislation to swallow weaker rivals, will not be railroaded into “unnatural mergers” that would risk frightening international investors and draining foreign capital from the sector, the offic

HSBC, Deutshe Bank among 114 European institutions under Moody’s downgrade radar

Moody's said tonight it was reviewing some 114 European banks and financial groups, including many of the top firms, for a possible ratings downgrade because of the eurozone debt crisis.

RBS opens China Desk in London

Building on the similar blueprint that RBS established with the launch of their UK-based India Desk earlier this year, the China desk will offer expertise and guidance across the market, including regulatory insight and product support.

Deutsche Bank narrows asset manager bidders

Deutsche Bank has pared down the shortlist of potential investors vying to buy its asset management operations to fewer than 10, three sources close to the process said on Tuesday.

Fund managers ‘have work to do’ on responsible investing, says Mercer

Since 2008, Mercer has been assigning ESG ratings to investment strategies that span asset classes and geographic regions.

Banks Accept New Reality On Cash Payouts

Barclays Capital said on Friday it would cap the cash element of bonuses at GBP65,000, while Deutsche Bank will cap cash bonuses at EUR100,000 and stock awards exercisable this year at EUR100,000. Morgan Stanley is capping cash bonuses at $125,000.

Moment of Truth For Spanish Bank

Lender's Independence Seen at Risk From Spain's Cleanup Rules, Just Months After IPO

Crédit Agricole launches new financing model

Crédit Agricole is launching a new financing model in its corporate and investment bank which will allow France’s third-largest lender by market value to continue project and trade finance, despite upcoming unfavourable capital rules, accordi

Banco Santander gets heavily hit by the European debt crisis

The drop in quarterly profit weighed on the bank’s annual earnings, which fell 35 percent, to 5.35 billion euros ($7 billion), in 2011.

Stratton Street Capital LLP announces offshore Renminbi (CNH) and Swiss franc Currency Classes to the Renminbi Bond Fund

Stratton Street Capital LLP has announced the addition of two further currency classes to its Renminbi Bond Fund

Ex-RBS CEO Fred Goodwin Stripped Of Knighthood-Video

Prime Minister David Cameron and party leaders said it was the right decision.

Invista Foundation Property reports NAV and interim dividend

As at 31 December 2011, the negative mark-to-market of the Group's interest rate swaps was -£29.8 million, a reduction of £0.8 million or 2.7%. This represents 8.4 pps or 17.6% of the Company's NAV.

Investment Banking