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

US seeking $1bn from RBS and Barclays

The US Justice Department is looking to fine four banks RBS, Barclays, Citigroup and JP Morgan Chase to settle accusations of criminal activity in the currency markets

European Investment Bank to set up office in India

The bank has already started negotiations with RBI to facilitate low-cost funding to infra projects as well as to SMEs in India

Commerzbank to pay $1.45 billion, terminate employees, install independent monitor for banking law violations

Bank ignored compliance staff warnings of potential fraud

US anger at Britain joining Chinese-led investment bank AIIB

US statement says of UK membership that it is ‘worried about a trend of constant accommodation’ of China, in a rare public breach in the special relationship

Investment banking more popular than at any time in the last three years

Investment banking has become one of the most attractive careers for Londoners and surged to its most popular level in three years

New Credit Suisse boss faces stiff challenge in Asia

Incoming Credit Suisse boss Tidjane Thiam is expected to focus on private banking in Asia while aggressively cutting jobs at its investment bank

Threadneedle Investments makes strategic investment in London-based investment bank

This is a significant transaction because a leading global asset manager has made a direct equity investment into a Shariah-compliant investment bank

Spanish Lender Offers to Buy TSB Banking Group of Britain

TSB Banking Group, the lender spun out of Lloyds Banking Group last year, said on Thursday that it had received a preliminary takeover offer from Banco de Sabadell of Spain.

Barclays becomes first company to launch degree-level ‘Trailblazer’ apprenticeships

Barclays announces it has recruited ten young people to join its degree-level ‘Trailblazer’ apprenticeships programme

Challenger bank Secure Trust makes business lending push

Launch of bank's asset finance division adds to growing use of secured SME loans

Tungsten Banking Arm Unveils Deposits Drive

An electronic invoicing group headed by a prominent City financier will on Monday announce that it is to start taking deposits as it aims to become a leading challenger bank for corporate clients

BNY Mellon Appointed as Depositary Bank by Accor

"France is an important market for U.S. investors, and we'll work closely with Accor to help the company achieve enhanced visibility with this new sponsored DR program,"

Deutsche Bank says no major changes needed to universal model

Germany's largest bank is carrying out a strategic review which is expected to see it trim overheads and sharpen its focus on profitable business niches.

Development bank EBRD to invest in Greece to 2020

The European Bank for Reconstruction and Development (EBRD) said Tuesday it would begin funding critically needed investment in cash-strapped Greece as Athens nears the end of a massive bailout programme

RBS cutting up to 14,000 investment banking jobs by 2019

The majority of the job cuts will come in the U.S. and Asia

Citigroup set for redundancies in EMEA markets business

Citigroup is set to make a round of redundancies within its markets and securities business in the Europe, Middle East and Africa region

The most overrated jobs in investment banking

Everyone knows, or ought to know, that boutiques are particularly prone to slave-driving

Russia Warns Of Capital Flight, Market Considers Capital Controls

The Bank forecast in January that capital outflow could total $118 billion this year.

European Banks’ Reciprocity Draws Scrutiny

Banks give work to competitors partly based on how much business they receive in return

Former LDC boss sets up biggest British buyout firm since crisis

Daniel Sasaki, the former London head of Lloyds's private equity arm, is starting a new £35m buyout vehicle - the biggest the UK has seen since the financial crisis

Investment Banking