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

RBS to Close Distressed-Debt Unit as It Shrinks Investment Banking Division

RBS is shrinking its US investment banking unit in line with the tough capital rules proposed there

HSBC targets Italy mid-caps with new commercial division

The bank also appears to be turning a blind eye to the fact that Italy is struggling to emerge from its longest recession in 70 years amid record corporate loan default rates.

Italian investment banking revenue hits new highs

Revenue earned by Italian investment banks has it $1.1bn year to date, making it the best year since 2007

Anger as RBS moves UK jobs to India

THE Royal Bank of Scotland has confirmed it is to axe 63 jobs in its Business Banking Support Unit and move the roles to India.

Investment bankers party like it’s 2008

Investment banking fees in Europe, the Middle East and Africa are running at their highest levels since the financial crisis struck and, in some cases, at record highs.

The future of banks is in the balance

Politicians want 'challenger’ banks to shake up the high street but do consumers really care?

New Russell owners likely to sell asset manager

Sources say London Stock Exchange will keep indexing unit, could get $700 million to $1 billion for money management, consulting businesses

Bank Austria will make 2014 profit in Hungary - CEO

We will have a positive annual result in Hungary no matter what lies ahead

BNP Paribas Securities Services rolls out interactive reporting platform for agency lending clients

The platform will give BNP Paribas’ agency lending clients, including central banks, asset managers and asset owners such as local authority pension funds and insurance companies, complete and flexible oversight and control over their lending activi

Barclays Offers ETN Wagering on Corporates With Female Leaders"

The ETN tracks an index created by the London-based bank that follows the performance of U.S. firms with a female chief executive officer or a board of directors that’s at least 25 percent women,

City of London recruitment drops despite UK job market boom

The latest monthly analysis by international recruiter Astbury Marsden points to an 11 per cent drop in new vacancies at the City of London during June compared to the same period in 2013.

Vatican Bank faces dramatic downsizing

Institute for Works of Religion will no longer have asset management functions

Bank of America Merrill Lynch reshuffles London investment bank chiefs

Bank of America Merrill Lynch confirmed the contents of the memo. Findlay will continue to lead corporate broking with Ed Peel.

Investment bank’s expanding internal hedge fund hires Goldman Sachs trader

Savani spent nearly five years working at Goldman Sachs

BRICS planning to sign documents on development bank, currency reserve pool - Kremlin

The BRICS summit will be held in Brazilian cities of Fortaleza and Brasilia on July 15-16.“The leaders of the BRICS states will discuss issues on political agenda and global management problems.

Goldman media bankers reunite at Swedish investment house

Kinnevik, the Skr76.8 billion ($11.5 billion) Swedish investment firm that employs the son of City grandee Sir Win Bischoff, has reunited a team of former Goldman Sachs bankers in London

BNP Paribas and Barclays jostle in European DCM

A frenetic close to the first half of the year in European debt markets witnessed a host of league table position changes, with Barclays charging up the high-yield rankings, and BNP Paribas finding DCM something of a double-edged sword.

Barclays fights back in the US alongside European rivals

Despite suffering a series of exits from its US investment banking division, Barclays has climbed up the US league table rankings along with Deutsche Bank, in a rare show of strength from European banks in the region.

BATS Chi-X Europe adds more customers to BXTR trade reporting service

These firms join the initial customers who joined the BXTR service when it launched six months ago – Bank of America Merrill Lynch, Citigroup, Credit Suisse, JPMorgan, Morgan Stanley and UBS.

Equity business takes Deutsche Bank back to top spot

Deutsche Bank has reclaimed its crown at the top of the European investment banking fee rankings first for the first half, replacing JP Morgan at the last moment thanks to a surge in equity capital markets fees.