06/27/2012

Commerzbank to pay staff bonuses by selling shares

Around 60 percent of the employees have decided they would not keep the shares but would instead sell them immediately to institutional investors, with Commerzbank itself and Deutsche Bank AG acting as bookrunners.

06/27/2012

Pressure on Barclays boss to quit

Shares in the lender arre down 8% as Prime Minister David Cameron said the bank had "some serious questions to answer" and Opposition leader Ed Miliband called for a criminal investigation.

06/26/2012

Italy offers state aid to world's oldest bank

Italy offered up to 2 billion euros on Tuesday to plug a capital gap in the bank Monte dei Paschi di Siena, the second time in three years the cash-strapped state has had to bail out the world's oldest bank.

06/25/2012

Managers prepare to Fatca-proof wealthy

Non-US financial institutions must sign an agreement with the IRS by June 30 2013 to identify and report on clients with links to the US and more than $50,000 in an account.

06/21/2012

Ray Soudah: the M&A outlook for UK wealth management

This is particularly evident in the UK and other similar jurisdictions which host a significant number of financial services firms, many of them private banks and wealth managers serving retail, affluent and high net worth individuals.

06/21/2012

Gulf banks eye European rivals’ Middle East assets

After years of building operations in the fast-growing Middle East and North Africa region, European lenders are shrinking back due to a crippling debt crisis at home and the need to raise capital to meet regulatory requirements.

06/20/2012

Training programme for wealth management in London

At Insight, Adam Mossakowski, the Fund Manager of the La Valette Sterling Income Fund and a UK and Global credit specialist, highlighted the systematic investment philosophy applied by Insight through precision methodology and diversification concept.