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

Deutsche Bank surprises with jump in profit

Expectations for the quarter were modest

Germany’s big banks profit from low interest rates

Pressure on hundreds of savings banks could lead to wave of consolidation

Metro Bank accelerates capital raising with share placement

Challenger bank reports a pre-tax profit of £6m in the first half following a surge in lending

UniCredit embarks on test phase for European instant payments

The scheme is intended to provide a pan-European, instant payment processing service that works 24 hours a day, 365 days a year.

BNP Paribas to buy out full stake in Italian insurance unit from Ageas

The French bank's insurance unit BNP Paribas Cardif has agreed with Ageas to buy out its 50 percent stake in Cargeas Assicurazioni

Deutsche Bank nears deal on bonuses paid to former managers: source

German newspaper Handelsblatt was the first to report on Wednesday that a resolution was in sight.

Deutsche AM sets up research division ahead of MiFID II

Responding to greater regulatory pressures

Crédit Agricole Eyes Expansion in Germany

France’s second-largest bank sees opportunities in its most important market after France and Italy, especially in private banking.

Barclays to charge up to £350k for research

Barclays is the first major bank to set out its stall.

Morgan Stanley Picks Frankfurt for New EU Base of Operation After Brexit

The German city has emerged as a favored destination for banks seeking to relocate jobs from London.

Nordea profit falls

Customer activities in the capital markets have been lower this quarter due to low volatility.

Citi to add 150 new jobs in 6 EU locations as result of Brexit

The Frankfurt broker-dealer, which houses the investment bank’s trading business, will be created by converting a licence Citi already has in Germany.

The U.S. head of equities at BNP Paribas mysteriously disappeared

BNP Paribas is one of the few banks going for growth right now: the French bank wants to achieve compound annual revenue growth across the corporate and investment bank of 4.5% over the next three years.

Handelsbanken Q2 operating profit beats forecast

Operating profit fell by 2% to SEK 5,257m (5,347), but increased by 3% after adjustments for non-recurring items in the quarter of comparison

Citigroup chooses Frankfurt as its new European trading hub

Citigroup already has around 350 employees working in Frankfurt

Deutsche Bank switches ad agencies

We don't think agencies are in structural decline, although they face low top-line growth and need to simplify.

HSBC Bans Traders From Buying Stocks, Bonds on Their Personal Accounts

Employees allowed to maintain existing holdings, people say

Expect another meh quarter of weak trading revenue

There’s no real growth on the top line.

JP Morgan CEO confirms plans to grow Dublin business following meeting with Taoiseach

The JP Morgan chief’s meeting with the Taoiseach and his statement in relation to the US bank’s plans to grow its Irish operations follows several months in which speculation has intensified in relation to its post-Brexit plans.

Europe turns to Europe for deals as US and Asia M&A slips

The effect of many of the current political situations around the world is forcing European players to think about European consolidation.

Investment Banking