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

Goldman Sachs warns coronavirus will push UK into recession

Due to the outbreak of coronavirus the banks economists have outlined a range of responses which includes two cuts in interest rates by the Bank of England by May 2020.

Clydesdale to re-open claims on failed offshore investment

It was as a result of this initial review that many investors were told their claim would not be accepted.

Coronvirus: HSBC trading floor evacuated after analyst falls ill

England’s chief medical officer, Professor Chris Whitty has said on Thursday morning three more cases of coronavirus have been confirmed in Scotland, bringing the total in the UK to 90.

Ex-Deutsche banker Schenck to run Perella’s new German office

Marcus Schenck will run the office alongside fellow Perella partner Stefan Jentzsch, another well-known name in European banking circles

Barclays investor calls for boss's removal over Epstein links

Shareholder Ed Bramson says Jes Staley’s re-election as CEO of bank would be ill-advised

Would Intesa Sanpaolo - UBI Banca alliance kick-off M&A operations in Italy?

The Italian bank, which is the biggest in the country, said it would offer 1.7 newly issued shares for every 10 UBI Banca shares tendered.

EIB expects to increase Africa financing to €4bn in 2020

The European Investment Bank is committed to working with African partners to accelerate and expand new investment that delivers sustainable development, tackles the climate emergency, creates jobs and improves lives across Africa.

HSBC investment bank staff ‘expect the worst’ on job and bonus cuts

Final details of a new strategic plan will be announced on Tuesday alongside the group’s full-year earnings

Barclays – solid end to 2019, but don't bank on 2020

The bank highlighted macroeconomic uncertainty and the low interest rate environment as challenges going into 2020.

UniCredit posts Q4 loss on one-off hits, revenues top…

Analysts polled by the bank had expected on average a 1.1 billion euro loss on revenues of 4.65 billion euros.

Morgan Stanley IM launches developing opportunity fund

Developing Opportunity offers investors the same potential long-term capital appreciation that has underpinned the strong success of MSIM's high-performing Global Opportunity fund.

Danske Bank Profit Slumps After Money-Laundering Scandal

Investors are waiting to learn how much Danske might be facing in fines as investigators across Europe and in the U.S. look into allegations of money laundering.

Morgan Stanley Investment Management launches Developing Opportunity Fund

The Fund invests primarily in companies with capitalisations within the range of companies included in the MSCI Emerging Markets Net Index.

Morning Coffee: UBS decided it only wants these special bankers. London bankers still say they’re exhausted.

There is, of course, a fairly clear shift in emphasis implied in where the money’s being spent.

French state lender to launch multi-billion euro fund to boost firms

The new fund would give extra financial firepower to Bpifrance, which already manages a 15 billion euro portfolio of state shareholdings.

Deutsche’s investment bank shows signs of recovery

German lender reports sharp rise in revenue from bond trading and advising on debt sales

UBS to Hire 20 Managing Directors to Boost Investment Bank

New investment bank strategy is focused on four core areas

This year's bonus round: initial reactions

Banks never comment on actual bonuses, so bonus reports are necessarily subjective and incomplete.

JPMorgan to buy Paris building to bring euro teams from London

That reflects a wider trend of banks shifting selected activities to euro-zone cities ahead of Brexit, without calling into question London's dominance as Europe's premier financial centre.

Brazilian investment bank opens office in Portugal

The bank's operations in Portugal will be led by its partner Ricardo Borgerth, who brings 16 years' experience at the firm's wealth management division.

Investment Banking