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

Foreigners don’t pay tax? Really? by David Heaton

Much has been made in the press about the tax status of these migrants – so what’s the truth?

Malta-based specialist trade finance bank acquires stake in Slovenia's Prvi faktor

The initial investment contract with FIMBank is in line with the NLB's strategic plan to offload non-strategic investments

Goldman Sachs Raised 2012 Pay for Top U.K. Bankers as Rivals Cut

The largest U.S. banks reported their figures for 2012 as recently as this week under European disclosure rules that are part of a regulatory push to alter pay practices blamed for contributing to the 2008 financial crisis.

European Fees Return for Investment Banks

Investment banks secured more fees from German clients in 2013 than in any year since 2008, as fees paid across the wider continental European region also increased significantly on previous years.

Russian Rosneft to Acquire Morgan Stanley Unit

Russian state-owned Rosneft has announced plans to acquire Morgan Stanley’s unit for storing, trading and transporting oil products.

Burberry and Sainsbury’s in spotlight as possible takeover targets for next year

Investment bank UBS chooses its top picks for takeovers in 2014

French IT services firm hires advisers for Danish payment service firm bid-paper

"It has very high priority for Atos," an anonymous source with knowledge on Atos' plan told Borsen.

RBS plans salary boost to dodge bonus cap

A handful of executives at the taxpayer bank’s markets division could see their monthly wage almost double to compensate for the new rules, according to sources.

UBS Sells Stock Benefits Manager to Montagu Private Equity

The sale of the unit, called Corporate Employee Financial Services International, is expected to close in 2014

Secret Currency Traders’ Club Devised Biggest Market’s Rates

It’s 20 minutes before 4 p.m. in London and currency traders’ screens are blinking red and green.

Russian Bank Chief Weighs Firings as Costs Absorb Revenue

VTB Capital International has missed its profitability targets for the past five years, Atanas Bostandjiev wrote in a Nov. 15 memo to Yuri Soloviev, deputy chief executive officer of parent VTB Group.

Britain outstrips rest of Europe in M&A deals

The UK’s deal-making outstrips its more robust European peers with Germany recording just six M&A deals and France and the Netherlands reporting just seven deals in 2013, according to research by Cass Business School and professional services fi

Risk and compliance professionals flee investment banking for the “buy-side dream”

A migration of experienced talent from investment banking into asset management could result from changes in the regulatory environment according to research carried out by Charles Cooper, financial services risk consultant at Twenty Recruitment.

Santander ups bet on China with Bank of Shanghai stake

Several major U.S. and European banks including Bank of America and Switzerland's UBS have started shedding their Chinese holdings for a variety of regulatory and business reasons.

ABN Amro to enter UK leasing market

Dutch-owned bank hires Aldermore's George Ashworth to go head-to-head with GE and Lombard

2014 Outlook For Investment Banking

A much more positive tone is revealed in the fifth Outlook for Investment Banking Services

Who Are the Brightest Young Stars in European Investment Banking?

After a prolonged period of redundancies, restructurings and retrenchment, as investment banks have begun to see a revival in the capital markets

Investment Trust 'Master' Eyes Emerging Markets

Peter Walls, the Citywire AA-rated fund manager of Unicorn Mastertrust, which invests in investment trusts, has taken tentative steps into emerging markets.

No Gold Bars But Higher Salaries for London Bankers with Bonus Cap

In the 1990s, London-based investment banks rewarded top employees with gold bars, fine wine and oriental carpets to dent the impact of higher payroll taxes.

Key Facts About BNP Paribas

BNP Paribas operates one of the largest retail bank networks in the world.