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

EIB establishes office in Ethiopia

The signing of the agreement is an important milestone in the longstanding relations between Ethiopia and the EIB with regards to providing finance to key infrastructure projects.

Otkritie Financial Corp eyes more foreign loan deals for corporate Russia

Russian dollar borrowing slowed to a trickle after sanctions were imposed in 2014, though there have been several small Eurobond deals in recent months.

UBS and CS: Goodbye London Passport?

Foreign exchange trading, interbank services, and fund management are three examples of businesses that UBS and Credit Suisse can sell to EU clients thanks to a U.K.-based passport.

Deutsche Bank Gives Up Netherlands Banking License

This was done retroactively with effect from January 1st this year. It involves about 9 billion euros in assets and almost 6 billion euros in deposits.

Investment banks reeling from Brexit volatility

Securities sales and major M&A deals will be thwarted by economic and political uncertainty and currency swings

Passporting question looms large for banks in the UK

Financial groups explore whether there are other ways to preserve EU access

Italian bank to open Abu Dhabi office

It was not immediately clear if the Italian lender would be opening an office in the emirate’s fledgling financial centre, the Abu Dhabi Global Market on Al Maryah Island.

Commerzbank launches marketplace lending platforms for SMEs

The bank will review deals to ensure "fair conditions" and take a commission.

Malin Corporation secures €70m investment from EIB

Irish global life sciences firm Malin Corporation has secured a €70m debt facility from the European Investment Bank.

Santander to roll out refreshed affordability calculator

Additional changes include improvements to layout, clearer grouping of income types, simpler results and a streamlined customer commitments and expenditure section.

European Investment Bank partners Funding Circle for new SME loans scheme

This new partnership with Funding Circle represents the first deployment of EIB funding through a direct lending marketplace to support small businesses.

Belarus' Development Bank, Afreximbank to enable export to 41 African countries

The African Export-Import Bank is an international financial institution.

UniCredit shares rise on talk Passera close to be named CEO

UniCredit declined to comment while it was not immediately possible to reach Passera for a comment.

Foreign banks' Korean exodus: Banco Santander to exit from Korea

It will also provide support to Santander clients doing business in Korea.

Deutsche ventures into ethical funds arena

In the past, the bank has also come under fire from campaign groups for pushing up food prices through its dealings in agricultural derivatives.

Buyout firm EQT taps JPMorgan for $2.2 billion BSN sale - sources

The business, which employs over 5,500 people across the world, is already being looked at by some U.S. heavyweight private equity funds

UBS warns investment banks will need to cut pay of deal-makers

UBS Sydney-based analyst Jonathan Mott has long argued Macquarie Group could deliver shareholders material upside by lowering its cost base, including revising compensation.

London traders brace for biggest night since 'Black Wednesday'

Federal Reserve Chair Janet Yellen has cautioned that a Brexit vote could shake financial markets and potentially push back the timing of the next rise in U.S. interest rates.

Now MPs to probe Sir Shifty's links to bankers: Philip Green relationship with Goldman Sachs to come under scrutiny

The billionaire has accused the veteran Labour MP of being biased for a series of quotes he has made to newspapers.

Deutsche and JP Morgan stay overweight UK equities even as Brexit fears mount

Brexit remains a clear concern, but GBP is a natural hedge for UK stocks, with 72 percent of sales derived from abroad.

Investment Banking