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SocGen to offload TCW

The transaction, which will see Amundi sell its holding in the company, is subject to receipt of all required regulatory approvals. The financial terms of the agreement were not disclosed.

French bank woos women with handbag insurance, handyman hotline

What does every woman want? One French bank thinks it knows the answer: Handbag insurance and a handyman hotline.

The Wealth Manager for Rich Geeks

Financial advice is a tricky sell in the Valley. The place is full of Ph.D.s with problem-solving skills, an unusually strong aversion to fees, and no clue what to do with their money.

Cazenove set for Asia push with Hong Kong office plans

He said Cazenove had found its investment approach had gained traction in the market.

Skandia International offshore bond sales fall by a quarter in H1

Skandia International’s offshore bond sales fell 26% in the first half of this year compared with the same period in 2011.

France's richest citizens to flee President François Hollande's proposed 75 per cent tax on one million euros

The 75 per cent tax plan for the rich to "pay extra tax to get the country back on its feet again" will come before the Parliament next month.

Credit Agricole’s Emporiki Gets Bids From Greece’s Biggest Banks

National Bank of Greece SA and Eurobank Ergasias SA submitted offers for Emporiki, they said in statements Wednesday.

Two thirds of fs practitioners retain little or no trust in the UK banking industry - CISI survey

That compared with only 2% who consider the under-fire sector to be totally trustworthy.

Super rich return to real estate

The report shows residential property is currently the most popular asset class among wealthy investors, with real estate accounting for one third (33%) of the investment portfolios of HNWIs worldwide.

Erste Hungary CEO: Buys BNP Paribas Private Bank Arm

. Banks have been forced to narrow their network of branches and the number of employees.

City calls for heads to roll at Standard Chartered

Mr Sands has been chief executive of Standard Chartered since 2006.

Sanlam Private Wealth snaps up three advisory books

The firms has acquired Oakdene Practice in Bristol, Parkgate Financial Solutions in Warrington and Libra Associates in Dorset.

Game changes for foreign banks in Switzerland

While foreign banks do not make much of a splash in the Swiss media, in relative terms this inconspicuousness hardly seems justified.

Vestra partner and ex-Blair adviser Derek Scott passes away

Vestra Wealth partner and former economic adviser to Tony Blair, Derek Scott, has passed away.

Intesa Sanpaolo Private Banking posts 48% increase in net profits

Intesa Sanpaolo private banking posted positive H1 results, with net profits at €68.8m, a 48.1% year on year increase.

Skandia sets out RDR product plans

Old Mutual Wealth Management chief executive Paul Feeney says: “Market conditions are undoubtedly challenging for the financial services market but I believe there are significant opportunities to focus on.

Rich Britons prepare to flee the country

So why are they leaving, and should we be worried about it?

Greek bank boss sent €8m savings to London as his bank faced collapse

Theodoros Pantalakis, former chief executive of Agricultural Bank (ATEbank), exported the funds last year as the bank headed for insolvency.

Boutique multi-family offices take growth from banks

Of the top 10 fastest-growing firms ranked, only HSBC Private Wealth Solutions was part of a big bank with the other nine on the list boutiques.

Arbuthnot acquires new London Office

The lease is due to expire in December 2013 and as the building will be 25 years old it is planned that a renovation and fit out programme will be undertaken which is expected to cost approximately £5.0 million.

Wealth and Asset Management