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

Kremlin says sorry to Goldman Sachs, German paper over Panama Papers slip-up

"It is more the error of those who prepared the briefing documents, my error," Dmitry Peskov, a Kremlin spokesman, told reporters.

Intesa, UniCredit to Place Up to $1.1 Billion Each in Fund

Analysts and investors disagree about whether the plan will work

Barclays headcount drops 8,000 in 4 months

The reductions have come from a hiring freeze imposed by Jes Staley when he started as chief executive in December and cuts to the investment bank.

RBS planning to axe 600 UK jobs in cost-cutting plan – sources

The bank is closing about 34 branches and reducing opening hours in hundreds more in an aggressive cost-cutting plan

BNP Plans Up to 675 Job Cuts at Investment-Banking Division

Voluntary departures plan part of CIB cost-cutting effort

European Investment Banking: A Hard Sell

This new requirement must be met by the end of 2019, this leverage ratio, as the measure of financial strength is known, can include a maximum of 1.5% of contingent convertible bonds.

Meet the man turning Goldman Sachs into a 'frictionless' machine

In the current market conditions, there have been fewer and fewer banks that have been able to fund loss-leading businesses.

Barclays Plans to Sell About $15 Billion Italy Loans in 2 Years

Barclays is refocusing on the lender’s most profitable units in the U.K. and U.S.

INVL Asset Management Announces Merger Of Investment Funds It Manages

The company INVL Asset Management will merge the harmonized investment fund “INVL Umbrella Fund’s” INVL Global Flexible Subfund into the open-ended harmonized investment fund “INVL Baltic Fund”.

BNP Paribas CEO says no plan to grow presence in Italy

BNP Paribas, which bought Italian bank Banca Nazionale del Lavoro back in 2006, is often mentioned in the press as a potential investor in Italian banks.

Goldman-Backed Circle E-Payment Network Gets UK Licence, Partners with Barclays

Barclays Corporate Banking has been chosen as a financial partner by Circle in this venture.

Deutsche Bank could save US$2.2 billion staff costs, JPMorgan says

Deutsche Bank may update its cost-reduction targets when it publishes first-quarter earnings this month to "rebuild trust" with investors amid the "weak revenue environment," JPMorgan analysts wrote in a report from London on Monday.

Barclays seems confused after news that the bank's execs are trying to boost morale

Barclays is denying claims that the bank's senior staff want employees to boost morale with a friendship survey.

Nomura to cut jobs in Americas and Europe

It is unclear how many jobs will be cut.

City banker fell to his death through a glass conservatory roof

Boustridge, who had only married his fiancée Sally Coleman last March in her home city of Auckland, suffered a skull fracture and severe neck injuries that killed him instantly last December.

EIB puts faith in UK to make 'right decision' to avoid EU exit

UK voters are set to go to the polls June 23 to decide whether or not Britain should remain in the EU.

Lloyds Plots Deal Spree At Scottish Widows

The UK's biggest high street lender is to open its wallet to fund a string of deals at Scottish Widows, Sky News understands.

CFI brings together banks and investors to direct $8 billion towards sustainable projects

The CFI was originally launched by Bank of America in 2014

The most impressive VPs in London

Not all VPs are equal, however.

Barclays tips downturn in investment banking

While the firm's investment banking operations were "broadly in line" with 2015 in January and February, performance was weaker in March, the London-based bank said in a statement on Tuesday.