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

Deutsche Bank mulls 10% bonus hike for fixed income traders

The potential bonus rise comes after Deutsche CEO Christian Sewing said last month that employee morale had improved in the past year

Metro Bank sells £3bn mortgage portfolio to NatWest

Metro Bank said the sale created additional lending capacity and enabled it to focus on higher yielding assets, such as specialist mortgages and unsecured loans.

Lloyds cancels staff bonuses after profits fall

UK bank tells employees it failed to meet criteria for payouts in 2020

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JPMorgan's salary freeze will be repeated elsewhere

Traders at JPMorgan say the pay freeze was expected.

Davr Bank joins EBRD’s Women in Business programme

The programme promotes women’s entrepreneurship and participation in business by assisting with access to finance, know-how and technical advice.

Natwest, Santander to sell more shares in Saudi British Bank -document

The two banks in September had handled a 1.5% stake sale by Natwest and Banco Santander in September

JPMorgan Chase and Lloyds are each considering acquiring Starling

Starling has attributed its growth to its emphasis on sustainability over aggressive customer acquisition

ABN Amro to cut about 2,800 jobs as investment bank shrinks

The workforce will shrink by about 15%, with most reductions to start in 2022, Chief Executive Officer Robert Swaak said in an investor update on Monday.

Spain’s BBVA and Sabadell scrap merger talks

Disagreement over pricing comes less than 2 weeks after banks confirmed the tie-up

Credit Agricole Consolidates Position in Italy with Creval Buy

The acquisition would add about 0.7 million of customers to its existing 2.1 million Italian customers.

BNP Paribas, Credit Agricole in new interbank digital currency project

The groups say it plans to comply with applicable regulations.

Goldman Sachs Picks France for Post-Brexit EU Stock Trading

Goldman would shift trading in shares of companies based in the bloc to its new Paris hub, SIGMA X Europe.

Bank of America to Co-head Quest for Merger Deal for Ailing Italian Bank

The Bank of America was picked by the Italian government to co-lead on an attempt to secure a merger for bank Monte dei Paschi

Switzerland should launch a green state investment bank, report says

These institutions, which are public-owned in the majority of cases, have three key roles: de-risking projects and providing investment capital, carrying out risk assessments and due diligence and providing signals to the markets.

Amundi and BNP vie for SocGen asset manager Lyxor - sources

The sale, which is expected to start this year, will see Societe Generale handing over the keys to Europe's third largest provider of exchange-traded funds (ETF) with some 150 billion euros in assets under management.

Deutsche Bank CEO says focusing on restructuring in 2021, not mergers

The European banking sector is too fragmented but cross-border mergers will not be attractive until the banking union is completed.

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European banks need cost-cutting not cross-border M&A

Jamming large struggling banks together will not fix the sector’s problems

Capitalmind, Investec and BlackArch team up for global footprint

Three corporate finance and investment banking boutiques – Capitalmind, Investec Bank and BlackArch Partners – have entered into a strategic partnership in a move that provides them access to a global network of like-minded dealmakers.