02/13/2014
BNP Paribas profit hit by US sanctions probe
BNP Paribas, France's No. 1 listed bank, reported a 76 per cent drop in quarterly profits on Thursday after booking a US$1.1 billion litigation provision in case it faces fines for breach of U.S. sanctions.
02/13/2014
The approach, which has been quietly in the works since before Christmas, could trigger a bidding war for Nama’s NI property portfolio among a select number of the world’s largest property funds.
02/13/2014
The change in name follows the confirmation of the sale of the Franco-Belgian bank’s asset management unit to New York Met Life Investments earlier this month.
02/13/2014
This will see it focus on bonds with a credit quality of BBB- to AAA, while also having the ability to allocate 10% of its assets to high yield and non-rated bonds.
02/12/2014
TSB, the UK retail bank preparing for a spin-out from Lloyds Banking Group, has hired Rothschild as an independent adviser ahead of a spring IPO.
02/12/2014
Inflexion’s investment will enable Succession to continue building the UK’s largest independent wealth management business through further acquisitions.
02/12/2014
Shares of Société Générale, which have gained about 40 percent over the last 12 months, rose more than 4 percent in Paris trading on Wednesday morning.
02/11/2014
Barclays Plc posted a full-year profit that missed analysts’ estimates. Chief Executive Officer Antony Jenkins’s complete makeover of Britain’s second-biggest bank was impaired by litigation and compensation charges.
02/11/2014
Archytas to serve clients across the UK from Cardiff base until new offices can be opened.
02/11/2014
RBC Wealth Management has been recognised as having the ‘Best Private Banking Services Overall’ in Jersey, and number one in 13 further categories, by Euromoney, a global banking publication.
02/11/2014
Nigel Marsh to run boutique’s first retail bond fund after joining European Wealth in 2012.
02/11/2014
Walker Crips Group is continuing to pursue its growth agenda after a successful last quarter of 2013, with assets under management jumping by 33% over the year.
02/11/2014
Bank says redundancies would include 820 senior managers as part of what the lender described as a "streamlining" programme
02/11/2014
BNP Paribas Wealth Management today publishes the second edition of its Individual Philanthropy Index, which measures and reflects the commitment of philanthropists in four regions – Europe, Asia, the Middle East and for the first time, the United
02/10/2014
Xcap rebrands to reflect the name of its wealth management division
‘This name change is part of the repositioning strategy adopted by the board last year and reflects the significant changes that have been made to the business over the past 12 months.
02/10/2014
Swiss equity specialist Urs Beck has joined EFG Asset Management to oversee the launch of a dedicated fund focused on the country’s domestic equity market.
02/07/2014
Societe Generale Private Banking named “best private bank in Europe for structured products” for the 10th consecutive year
Societe Generale Private Banking has been named "Best Private Bank in Western Europe for Structured Products" by Euromoney* magazine for the 10th year running.
02/07/2014
Global players reinforce leadership in wealth management as costs rise - Euromoney Research
Higher regulatory costs and lower margins have played into the hands of the global private banks that have been able to weather the storm better than their smaller peers.
02/06/2014
Legal costs hold back Credit Suisse profits
Profits at Swiss bank Credit Suisse have been held back by the cost of fighting legal battles with the US.
02/06/2014
Wealth managers know they have to provide more to clients than a safe place to deposit money and a close relationship with families and individuals.