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

Survey Says Investment Banking Clients Want

Since the credit crunch, investment banks have been berated by politicians, regulators and the media.

Deutsche Bank Managed Fund Nears Deal to Sell Housing Unit

A Deutsche Bank AG managed fund has confirmed it will sell a housing portfolio valued at 1 billion euro to Austria's Immofinanz AG, which will then float the unit on Frankfurt's stock market by end-March

Société Générale Repays ECB Loans

French bank Société Générale SA said Wednesday it repaid the cheap funds it borrowed from the European Central Bank two years ago in a further sign that financial markets are returning to health, as it swung to profit in the f

Commerzbank Said Seeking Debt Buyers in $6.8 Billion Spain Exit

Commerzbank probably won’t decide whether to sell or wind down the loans before the middle of the year, said one of the people.

UBS expands pension risk management business

UBS has placed greater emphasis on its pension risk management business by segmenting it from asset management to become a separate department

Barclays set to reignite bonus row amid inquiry

Barclays is poised to defy calls for pay restraint by lifting staff bonuses by at least 10 per cent despite an expected slide in profits

Barclays cuts 400 investment banking jobs

Barclays is to cut up to 400 jobs from its investment banking arm as part of a restructuring programme.

Dutch Lender Said to Consider Sale of U.S. Bank

Dutch lender selling assets to boost capital, is exploring a sale of its U.S. retail bank or other American operations

BofA Merrill Jumps to Top of Institutional Investor's All-Europe Research Team Roster

Exane BNP Paribas Is Biggest Upward Mover in Annual Ranking of Sell-Side Analysts

Europe’s Investment Bankers Mark Worst January in Decade

Investment bankers in Europe are off to the leanest start to a year in a decade as dwindling income from deal-making and trading presses firms to reduce costs.

Maritime & Merchant AS Granted Banking License

M&M will be a highly specialized niche financial institution focused on the maritime and offshore industries

SocGen said planning to recruit in area as rivals retrench

It comes as competitors such as UBS, Credit Suisse, Barclays and Deutsche Bank are reducing staff and capital in their fixed income units in an effort to cope with falling revenues, stricter capital rules and a costly move towards electronic trading.

BNP Paribas launches depositary banking business in Switzerland

This launch allows BNP Paribas’ asset manager and asset owner clients with funds domiciled in Switzerland to benefit from the banks’ established, pan-European expertise in depositary services such as cash monitoring, oversight and safekeeping

Bank of America Said to Lift Salaries for Some Senior EU Staff

Lenders will be able to ask national regulators to exempt staff earning as much as 1 million euros

Barclays Cyprus downsizes

Barclays bank plans to downsize worldwide and its two branches in Cyprus are also affected with only about 20 out of about 45 employees keeping their jobs.

Goldman Sachs Pioneers Plan to Deal With Bonus Cap

U.K. Approves Complex New Pay Structure as Others Scramble for Ways to Maintain Compensation Levels

Barclays announces £330m regulatory bill

Barclays announced to the stock exchange yesterday that its full-year results would show £330m allocated for litigation and regulatory penalties.

Barclays to cut hundreds more investment bank jobs

The number of jobs being axed was in the "low hundreds"

Accountants: The New Investment Bankers

European banks pared back their hiring of graduates between 2007 and 2010 during the fallout of the financial crisis, while the junior ranks were the hardest hit when the banks initiated rounds of job cuts to slash costs.

ICBC Agrees to Buy 60% of Standard Bank’s Markets Unit

Industrial & Commercial Bank of China Ltd., the world’s most profitable lender, agreed to pay about $765 million for 60 percent of Standard Bank Group Ltd. markets unit to expand in commodities and currency trading.