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

Expecting a Huge Payout, Investment Banker Loses His New Job Instead

Mr. Orcel had spent the past seven years at UBS, heading investment banking, but resigned after Santander said it was hiring him.

The great irony of the Brexit vote and this year's banking bonuses

The same year, Morgan Stanley paid 322 people in its institutional securities business an average of £118k ($151k) in cash bonuses.

VTB cuts 100 staff in London as US and EU sanctions bite

Russian bank says it has relocated some employees to Frankfurt, citing sanctions and Brexit

RBS study reveals decline in private sector activity

According to the lender, the country’s operators suffered a drop in activity during December.

BNP Paribas Is Said to Shut $3 Billion Prop Trading Arm

Regulators have clamped down on proprietary trading -- or prop trading, for short -- since the financial crisis.

Bramson to profit lavishly if his raid to join the board is successful - he's now urged to 'come clean on Barclays fees'

If he gets a chairman or executive director job, it would dramatically increase the fees earned by Sherborne based on a complex formula under the fund’s rules.

Deutsche Bank to Intensify Outside Talks Over Strategy

Shares of both German lenders lost more than half in past year

Stout Expands Investment Banking Operations in Europe

In addition, Mathis will contribute his extensive network in Greater China and work closely with Stout's offices across the region on Sino-European transactions.

Barclays threatened with boardroom shake-up as investor calls for vote

Edward Bramson says more resources should be funnelled towards consumer operations

Bonus payments at US investment banks set to dwarf those at their European rivals once again

Jason Kennedy, of recruitment firm Kennedy Group, told the Daily Telegraph: ‘For years the Europeans have played in the second division while the Americans have been playing in the premier league.

Resilience, risk, and regulatory changes: What lies ahead for the UK finance sector

As we look ahead to 2019, the banking industry could be excused for trying to catch its breath.

Natixis Investment Managers Launches Mirova International Sustainable Equity Fund

Managers invest in securities trading at significant discounts to what they believe are their intrinsic values.

J.P. Morgan poaches head of credit structuring from BNP

This isn’t the first time Gardrat’s name has been mentioned in the news.

Japan's Daiwa Securities eyes Italian return with M&A advisory office

Last week, Daiwa announced the acquisition of boutique Spanish investment bank Montalban Atlas Capital for an undisclosed sum.

Russia's VTB Capital cuts gold exports due to higher demand from c.bank

VTB Capital bought more than 80 T of gold in Russia in 2018

RBS applies for a German banking licence - FT

The new unit will have the responsibility of processing and settling euro-denominated payments, managing euro liquidity and offering loans to large German clients along with attracting their deposits, the FT reported.

Paris launch for Manchester investment bank

The French arm will be led by Hugues Archambault who joins GCA Altium with over 20 years of experience in investment banking and M&A

SocGen agrees to sell Serbian unit to Hungary's OTP Bank

The sale will nevertheless have a positive effect on the French bank’s solvency ratio.

Investment Banker Exodus Hits Deutsche Bank in Hong Kong, Singapore

About 50 bankers have left in H.K., Singapore since May

Santander reveals how it won't repeat probate mistakes

Santander also claimed the majority of funds in deceased customers’ accounts had now been transferred to their rightful beneficiaries, with compensatory interest "where appropriate".