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

August & Debouzy turns to Weil for private equity hire

French firm August & Debouzy has boosted its private equity practice with the hire of partner David Malamed from Weil Gotshal & Manges.

Deutsche Bank Said Set to Punish Staff Including Cloete on Libor

Deutsche Bank AG, Europe’s biggest investment bank by revenue, will review whether to punish senior employees including Alan Cloete for their roles in the interest- rate rigging scandal

More whistle-blowers reporting tip-offs to FCA

Following this market abuse investigation, financial regulators in both the UK and US have reported more instances of tip-offs relating to potential illegal behaviours within the industry.

RBS and Barclays face new probe by US regulators

RBS is said to be among nine banks being investigated for selling subprime mortgages

Proposed Assessment Methodologies for Identifying Non-Bank Non-Insurer Global Systemically Important Financial Institutions

The framework recognises that SIFIs vary in their structures and activities, and that systemic importance and impact upon distress or failure can vary significantly across sectors.

Man Group’s GLG Sued by OK Owner for ‘Incomprehensible’ Deal

Investment firms selling complicated derivatives have faced lawsuits around the world from customers baffled by losses that followed the collapse of Lehman Brothers Holdings Inc. in 2008. In the U.K., thousands of small businesses have sued lenders over i

50 Percent Of Executives Surveyed Say Companies Have Limited Or No Protocols For Cross Border Investigations - KPMG

This revelation comes at a time when data and employee privacy issues, often triggered by investigations, are dominating the headlines and major corporations are facing increased regulatory scrutiny around anti-bribery and corruption legislation

FCA bans ex-adviser over £160k fraud to fund gambling and escort visits

The offences were committed between April 2009 and March 2012.

KWM names Pollack as New Disputes Chief as Management Line-up Takes Shape

Pollack previously headed up the disputes practice at legacy SJ Berwin.

Royal Bank of Scotland hit with $50m fine

The subsidiary pleaded guilty last April to wire fraud and admitted its role in manipulating the Japanese Yen London interbank offered rate, or LIBOR.

U.S. urges Europe to take more action on bank backstops

he United States would like to see Europe do more to build up its backstops and bank capital, U.S. Treasury Secretary Jack Lew said on Tuesday in Paris, insisting it would be good for the European economy.

Regulatory predictions for 2014

Last year we offered our 13 regulatory reform predictions for 2013 and correctly predicted a year of intense rulemaking.

Watchdog slams Deutsche Bank for Libor probe response - report

BaFin launched a probe last year on which it is working with the Bundesbank and accountant Ernst & Young ERNY.UL, delving into suspected misconduct by individual traders and their counterparts at other banks.

US: EU members must share risks, costs in banking union

EU leaders and the European Parliament are at odds over how to wind down troubled banks. Bank resolution procedures are one pillar of the planned eurozone banking union.

Co-op Bank execs face BoE investigation

The launch of the investigation follows a two-month-long joint inquiry by the PRA and the FCA into the circumstances that led to the Co-op Bank’s troubles that will see the lender’s parent, the Co-op Group, give up control of the business to i

RBS Settles $1.2 Million Bonus Fight With Former Risk Chief

Royal Bank of Scotland Group Plc settled lawsuits with Gary Cottle, the former head of risk at its investment banking division, over a 700,000-pound bonus.

KPMG Settles Netherlands Charges Dating to 2000

Ballast Nedam is a construction contractor accused of paying hundreds of millions in bribes to win large project contracts in Saudi Arabia

Bank of England chief who became embroiled in the Libor interest rate scandal is handed an honour

He quit this year after missing out on the Bank's top job

Capital requirements for banks will be lowered temporarily in Estonia in the new year

Eesti Pank will assess the need for additional capital requirements as part of the twice-yearly Financial Stability Review produced by the central bank.

McClure Naismith appoints new director of private client services

She will be responsible for managing and promoting more widely McClure Naismith’s portfolio of specialist Private Client services and expertise.

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