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

Germany's Schaeuble wades into bank bonuses debate - FT

The argument over capping bankers' pay is threatening EU efforts to implement the global bank rules known as "Basel III" by the January 2013 deadline.

KBI wins $500m in new businessKBI gets $500m mandate from Mercer and Merrill wealth arm

It also also landed the Investment Manager of the Year (Ireland) Award by World Finance magazine.

Hargreaves Lansdown founders set for £40m windfall

Hargreaves Lansdown founders Peter Hargreaves and Stephen Lansdown are set to receive a £40m dividend windfall as the company gets set to unveil its year end results this week.

SJP partner ‘cloned’ by fraudsters

The regulator issued on Thursday an alert about a firm offering investment advice and brokerage services under the names AW Associates, A Walker Associates and Andrew Walker Associates.

HSBC adopts content approach with ad-funded business series

Following the decision to drop its long-standing strapline, 'The World’s Local Bank' last year, HSBC has been moving to position itself as an authority on global trends, including through its 'In The Future' campaign, looking at

Barclays launches Female Client Group offering in Scotland

Barclays has chosen the prestigious setting of this year’s Blair Castle International Horse Trials for the launch of its Female Client Group proposition in Scotland

Underlying complaints continue to fall as Barclays drives down complaints by addressing root causes

Strong action plan in place to cut complaints in H2 through relentless simplification which has cut complaints by 55 per cent in the retail bank

HSBC Swiss Private Bank Profit Declines on Interest Income

Higher costs plus the repatriation of client funds to onshore networks that generate lower fees are cutting profit margins at Swiss private banks, the biggest managers of offshore wealth.

Royal Bank of Canada Reports Record Third Quarter 2012 Results

Royal Bank of Canada today reported record net income of $2,240 million for the quarter ended July 31, 2012, up $946 million or 73% from the prior year.

German private banks build stake in Universal Investment

Private banks Berenberg Bank and Bankhaus Lampe have increased their stake in Germany's Universal Investment to 50%, in a vote of confidence in the fund platform model.

Liechtenstein to require LDF filers to deposit min amount in its banks

This new 20% minimum is believed to reflect some dissatisfaction on the part of Liechtenstein’s wealth management industry with the amount of permanent business it is retaining as a result of the LDF scheme, as many of those making disclosures are

Banker Bonuses at Risk as EU Lawmakers Fight Barnier Plans

Bankers are facing a backlash from EU lawmakers determined to cut variable pay as part of a quest to reshape lenders as utilities rather than money-making machines.

Banker Bonuses at Risk as EU Lawmakers Fight Barnier Plans

Bankers are facing a backlash from EU lawmakers determined to cut variable pay as part of a quest to reshape lenders as utilities rather than money-making machines.

Nick Clegg demands an emergency tax on the rich

Clegg said Britons of "very considerable personal wealth" must be called on to make a greater contribution towards the "national effort", as Britain tackles a longer than expected recession.

Private banks versus bridging lenders

Private banks pride themselves on offering streamlined and tailored services to the individuals they represent.

World's oldest bank posts 1.6B euro loss

The bank, which was founded in 1472, on Tuesday said in a statement that the bulk of the writedown was taken on its CGU Privati BMPS unit as well Banco Antonveneta, a 2007 acquisition analysts had deemed overpriced.

Revenues soar at UK wealth management firm

Assets under administration and advice rose 31.3% to £3.02bn.

FSA targets wealth managers in new review

The FSA has launched a second thematic review into the suitability of client portfolios that could lead to regulatory action against wealth management firms.

LGT more than doubles profits

In a challenging market environment, the international private banking and asset management company LGT Group increased group profit for the first six months of 2012 by a substantial 58% to CHF 130 million as against the same period of the previous year.

Liquidity fears haunt investment trusts

Investment trusts hope to see increased popularity once a ban on adviser commission comes into force next year, but perceptions of liquidity problems still plague the sector, say analysts.

Wealth and Asset Management