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

Meddle With European Banks’ Senior Bonds at Your Peril: Gadfly

Senior non-preferreds, also called Tier 3 debt, sit above subordinated tier 1 and tier 2 in a bank’s capital hierarchy.

Barclays plans to split euro trading hub over Brexit

Shift highlights level of uncertainty in London’s position as dominant centre

Deutsche Bank to review investment bank business

The priority is to leverage our strengths and to allocate our investments accordingly. And at the same time we will look to free up capacity for growth by pulling back from those areas where we are not sufficiently profitable,

Higher costs and low exports put brakes on economy

Export growth was down in Scotland while tourism suffered higher costs, according to RBS’s survey

Brassac restores Crédit Agricole's Spirit of Conquest

The market has widely welcomed the recent completion of the most important foreign acquisition by a European bank since the 2008 crisis

Higher funding costs flash amber for financials

Libor-OIS spread has climbed more than 30 basis points since January

BNP Paribas and Janus Henderson complete transaction

Claudine Gallagher, head of the Americas for BNP Paribas Securities Services, said: “We have a long-standing relationship with Janus Henderson and are pleased to further this partnership.”

Deutsche AM overhauls multi-asset fund as ESG strategy

The fund applies negative screening strategy as well as investing in those companies that proved to be the best in class and take ESG aspects in consideration.

Deutsche Bank’s troubles are more than personal

The bank is not providing leadership for Europe’s capital markets

Top firm said considering more investment banking job cuts

Senior executives plan to complete the review, dubbed “Project Colombo

Cyberattacks Now Priced Into Debt at Biggest Bank in Scandinavia

Nordea is designing corporate products to reflect cyber risks

Nordea Is Hit by Record Mortgage Client Defections in Sweden

Nordea has been losing clients since September, when it unveiled a plan to move its headquarters to Finland from Sweden in pursuit of a more hospitable regulatory climate inside Europe’s banking union.

UBS Eyes Small Deals as Ermotti Sees Bank Consolidation in 2018

Bloomberg News reported this month that UBS is seeking to buy wealth management assets more aggressively after gaining greater clarity from global regulators on how much capital the bank will need over coming years.

British finance firm MarketInvoice wins bank funds

MarketInvoice lends investors’ money to UK businesses, with unpaid invoices often acting as collateral.

Top exec calls Deutsche Bank ‘dysfunctional’

Top executive Kim Hammonds reportedly said Deutsche Bank is the “most dysfunctional” company she has ever worked for. The criticism comes as the floundering financial giant faces immense pressure to perform.

Barclays CEO ‘still waiting’ to hear new investor’s views

Staley says bank will return more cash to shareholders as soon as legacy misconduct issues are resolved

Morgan Stanley to hire 80 in Paris after Brexit: source

Its move to transfer some staff there follows a similar pattern to other banks which have picked one EU center to be their main regional subsidiary in the bloc, but then locating other parts of their businesses in several countries.

Meet the Rising Stars of Investment Banking 2018

FN presents the 25 men and women under the age of 40 standing out in the European investment banking industry

Royal Bank of Scotland is considering Amsterdam as post-Brexit European HQ: FD

RBS needs a post-Brexit European base in order to continue offering its financial services, so-called passport rights, in continental Europe.

ABN Amro picks SIA for instant payments access

Thanks to SIAnet, the fiber optic network with high speed and low latency stretching over 170,000 kilometers, ABN AMRO was one of the early users to introduce instant payments.