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

RBS to wind down interest-rate trading business

Investment banks across the world have been struggling with tougher regulations and low interest rates.

Deutsche Bank enlists Qatar in $11 bln capital hike

The cash injection gives Deutsche the firepower to expand investment banking, especially in the United States, after a retreat by competitors Barclays, UBS and others left a gap that Deutsche aims to fill.

Lanning buys into commercial property

JPMorgan Fusion manager takes position in £2.6bn M&G Property Portfolio fund

Deutsche Bank issues video warning to employees to behave

Deutsche Bank, Germany's biggest lender, has circulated a video to employees, warning them not to do anything to tarnish the group's reputation

Russians take over Zimbabwean Bank

A Russian investment group Horizon Capital Consortium led by businessman Sergey Pokusaev has acquired a controlling stake in the diversified financial company.

Barclays Has Opened Up a Major Opportunity for JPMorgan Chase and Bank of America

This is a bold simplification of Barclays

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

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