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

Wells Fargo sets up in Aberdeen as part of UK expansion

Most are in Britain, where it has 721 employees, and its EMEA boss Jim Johnston said that will rise further

Are we killing investment banking? And if we are, should we care?

The announcement last week of a radical scaling back of Barclays’ trading and deal-making arm has stoked a debate that had been smouldering for some time

Natixis, Moelis Asset Management Form Investment Management JV

French bank Natixis and Moelis Asset Management Wednesday said they have formed a joint investment management venture.

Barclays’ Ginsburg Steps Down as Asia Investment Bank Head

Chief Executive Officer Antony Jenkins revealed plans on May 8 to cut 7,000 investment-banking jobs globally

SocGen sets Newedge €200m profit target

Société Générale plans to reverse rapidly-declining profitability at Newedge, the futures broker it took full control of last week, in the next two years by moving into equity trading services and deepening cost cuts.

BNP Paribas joins TOM MTF

TOM welcomes BNP Paribas as new member on the TOM MTF derivatives market.

BNP Paribas Securities Services offers new depositary service

BNP Paribas Securities Services has announced the launch of an AIFMD depositary banking service aimed at asset managers distributing non-European alternative investment funds into Europe.

London Waste Plant Wins $13M From Green Investment Bank

The U.K. Green Investment Bank will provide 7.5 million pounds of funds for a north London plant that will turn food leftovers into power.

Societe Generale Securities Services appointed by Wells Fargo Asset Management as its Correspondent Bank in Italy

SGSS was selected for its widely-recognised expertise as a correspondent bank and its capacity to accompany Wells Fargo Asset Management

BBVA reinforces its Digital Banking area with the appointment of two new executives

BBVA incorporates two U.S. executives with successful careers dedicated to innovation in banking.

Seven reasons why Barclays was forced to shed 19,000 jobs

There are forces at work that are altering the nature of modern banking... and no institution is exempt

Barclays boss Antony Jenkins pledges the bank will never again raise bonuses when profits have fallen

Barclays has claimed payouts had to rise to avoid a ‘death spiral’ where top bankers jumped ship to higher-paying competitors.

Barclays' strategy should strengthen bank, says Fitch

Fitch says that for this improvement to be realised, the bank will have to reduce materially

Deutsche Bank says head of electronic forex trading has retired

Der Spiegel cited Deutsche Bank insiders as saying that there were no allegations against Mandeno or Rogers

Barclays Ex-CEO Diamond Facing Questioning Over Qatar Deal

U.K. prosecutors will question Robert Diamond, former chief executive officer of Barclays Plc

Scottish Mortgage boss hits out at investment managers

James Anderson, outspoken manager of the £2.4billion Scottish Mortgage trust, has stepped up his attack on the fund management industry

Corporate Commercial Bank Acquires Credit Agricole Bulgaria

News of the forthcoming acquisition spread on January 22, with the French bank estimating a EUR 160 M reduction in its risk-weighted assets after the deal is finalized.

Barclays Wields The Axe In Investment Banking Revamp

The number is higher than the 10,000 to 12,000 jobs that the bank said earlier this year that it wanted to cut.

Barclays telecoms team exits for Canadian investment bank

The group of analysts is thought to include team co-head Jonathan Dann and as many as four colleagues, according to one of the people familiar with the matter.

BNP Paribas Securities Services and Euroclear extend partnership on Euroclear's Collateral Highway to four new markets

The service is already used by a number of investment banks and brokers.