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

Deutsche Bank streamlines IT systems in effort to cut costs

Faced with an inefficient morass of more than 4,400 often incompatible applications at Germany’s biggest bank, Ms Hammonds has overseen the removal of almost 500.

EIB, IFC and Ecobank sign landmark agreement

The facility is designed to overcome the challenges of lending to smaller businesses which have a higher risk profile.

Credit Suisse Ramps Up Restructuring as Trading Revenue Slumps

Swiss bank is trimming investment banking further and increasing cost cuts

Macquarie sinks teeth into UK's Green Investment Bank

Macquarie Group is believed to be preparing a bid for Britain's £4 billion renewable energy investment arm, the Green Investment Bank.

ABN Amro customers can now change debit card settings via m-banking app

As of today, ABN AMRO clients can change settings on their debit cards via the Mobile Banking app.

First Islamic bank to open in Russia

Enabled by a new law, the bank in Kazan, Tatarstan will function according to Islamic principles

Partners of a certain vintage are leaving Goldman Sachs, and people aren’t happy

Goldman insiders suggest the firm is in the throes of a battle for control over the succession to Lloyd Blankfein, and that this is influencing the current round of departures.

Deutsche Bank CFO says banks have had tough start to year

That has left its marks on our business

RBS pays Treasury £1.2bn to regain right to pay divi

The bank took a £2.9bn hit last year from restructuring costs

Barclays Africa sale savaged by big investor

The latest strategy update sees the painful, stop-start transformation from highly profitable retail caterpillar to swashbuckling, capital-destroying investment banking...

Goldman's European business cuts pay after IPO activity slows

This uncertainty has pushed Goldman Sachs -- and other big banks -- to seek to cut costs to offset low interest rates and stricter regulations.

International institutions help Romania with EU funds absorption

The international institutions will also help Romania prepare and implement the projects financed with EU money

Barclays accused of ditching clients born in countries considered high-risk for money laundering

The blacklisting of the Syrian-born billionaire is not limited to just him personally.

Deutsche Loses Ground in Own Back Yard

Arch-rival Goldman Sachs is now the market leader.

Will Financial Alchemy Help RBS Sale?

A looming vote over whether the U.K. will leave the European Union, wild market swings and plunging European bank shares have made big RBS share sales hard to contemplate.

Barclays CEO not sleeping at night

Cutting 6,000 positions in 100 days.

Structural shake-up at Natixis

Additionally, the mergers and acquisitions department will now be managed by Marc Vincent

SocGen May Accelerate Cost-Cutting Plans, CEO Oudea Says

The unit, which includes Societe Generale’s corporate and investment bank as well as prime brokerage

RBS cuts 448 investment bank jobs to bring down costs

The roles include support and technology services for frontline staff.

Deutsche Bank Chiefs Cite Government on Mistrust Issue, FAZ Says

Fitschen said “national solo efforts” by the government that aren’t matched elsewhere don’t help.

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