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

Deutsche Bank Denies Planning to Cut U.S. Workforce by 20 Percent

Germany's flagship lender was expected to cut about 1,000 jobs, or 10 percent of its staff in the United States

Barclays vs Deutsche Bank: A tale of two mediocrities

The UK and German institutions have had similar battles to fight, but it is Deutsche that has fared worse

Macquarie axes analysts amid MiFID II shake-up

'Handful' of job losses

Rivals to pounce on Deutsche staff in Frankfurt ahead of Brexit

Headhunters expect US institutions building up because of Brexit to seize on German lender's troubles

BNP Paribas announces a double-digit fall in net income

This was down from 1.89 billion euros a year ago but was in line with analyst estimates of 1.55 billion euros, according to a Reuters poll.

HSBC's $2 billion buyback fails to cheer investors as spending surges

The bank’s shares fell 2.5 percent in London by 0750 GMT, in a sign of immediate investor scepticism that the bank’s new investments will pay off after years spent focusing on cutting unprofitable parts of the business.

Société Générale launches range of leveraged ETPs

In response to investor demand

RBS to cut 792 jobs, close 162 branches in Williams & Glyn cull

We realize this is difficult news for our colleagues and we are doing everything we can to support those affected.

Challenger Bank Starling aiming to be in 10 countries across Europe by 2022

Discussing growth plans Boden says Ireland is next on the list and she'd like to be in 10 European countries by around 2022.

An annuity is a very serious business

The other side of the current life insurance market though is managing the legacy of past promises.

Lloyds announces profits rise in spite of extra PPI costs

We have made a strong start to 2018 and have begun implementing the strategic initiatives

Natixis to open new Madrid headquarters for Spanish businesses

Natixis is to open a new office in Madrid on 30 April, bringing its various Spanish businesses under one roof, together with fellow Groupe BPCE subsidiary Pramex.

Handelsbanken profit dips as expenses rise

Handelsbanken’s Interim Report january – march 2018

Edward Bramson’s activist fund boosts interest in Barclays

Mr Bramson, who was born in London but moved to New York more than 30 years ago

Metro Bank shares slump on concerns further capital raise needed

Metro’s targets are too high and the question is can they deliver sufficiently profitable growth.

Morgan Stanley says EU banks are losing ground as Mifid II bites

UBS the 'exception' as big Wall Street banks pull ahead in the market for European equities trading, analysts say

Handelsbanken sells its shares in UC

Like the other owners, Handelsbanken will continue to have a special influence on the board of UC, in terms of processing of customer databases and customer data.

Santander's profits up 10 percent as Brazil offsets UK weakness

In Brazil, where the bank makes more than a quarter of its profits, net profit rose 7 percent from a year ago, boosted by solid loan growth.

DWS CEO on turbulence at the top of Deutsche Bank

Nicolas Moreau discusses the first few weeks since spinning off the asset management arm

ABN Amro to hand over €8bn direct investment management business to Candriam

The transaction, which is subject to regulatory approval, excludes multi manager products and solutions.

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