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

Belgium considers sale of BNP Paribas shares

Belgium took its stake in BNP Paribas following a bailout of Belgian financial group Fortis

UBS poaches Morgan Stanley's global head of research

The Swiss bank also poached Morgan Stanley's chief operating officer for investment research

Banks still 'too big to fail', says Bob Diamond

Political leaders, regulators and banks and need to collaborate on the core issues in an internationally co-ordinated effort to establish a robust resolution regime.

National Bank Shutters Institutional Equities Office in Geneva

“The bank remains firmly committed to the ongoing development of its European business, most notably through our London office with institutional client trading and corporate financing and in Paris for banking activities,” he said.

BNP Paribas CIB announces changes to Fixed Income organisation

BNP Paribas Corporate and Investment Banking have announced that, as of 1st October 2013, its Fixed Income business will be managed across four global product lines and three regions.

Lloyds Asked to Invest Additional £240m into revived TSB

The UK's Lloyds Banking Group has been asked to invest an additional £240 million into the revived TSB in order to increase its ability to compete with the four largest banks in the UK.

VTB Group announces IFRS results for the first six months of 2013

VTB Group today publishes its Interim Condensed Consolidated Financial Statements as at 30 June 2013 with the Independent Auditors' Report on Review of these Statements.

Deutsche Bank Plans to Extend Contract of Co-C.E.O.

Deutsche Bank announced on Wednesday that it planned to extend the tenure of its co-chief executive, Jürgen Fitschen, in a move aimed at pre-empting leadership questions at Germany’s largest financial institution.

SocGen, Agricole deal on Newedge, Amundi seen in weeks: paper

The agreement would also see SocGen cut its 25 percent stake in Amundi

Banca Generali says net inflows 117 mln euros in August

Italian asset manager Banca Generali said on Thursday that net inflows reached 117 million euros ($153.49 million) in August.

Wells Fargo Deploys Standards Across Global Operations

Wells Fargo takes a different approach to global operations from many of the other banks participating at the SWIFT Sibos conference in Dubai this month.

Goldman in London quit warning

European banks will relocate onto the Continent from London 'in very short order' if Britain exits the European Union.

Strategic partnership boosts Russia-China ties

The partnership will help with cross-border mergers and acquisitions and other financial advisory services

US Investment Bank Expands into Russia

New York-based investment bank Jefferies Group LLC plans to hire up to four investment bankers for its first Moscow office

Private-sector deposits in Cypriot banks slide in July -ECB

The data showed that deposits in another southern European country mired in the debt crisis remained relatively stable.

Hesse economy minister says Commerzbank sale a possibility

The main thing is for the bank to manage the turnaround, with or without a partner,

SG to Test New Ground in Capital Arena

Societe Generale is meeting investors in Asia and Europe this week to market the first EBA-compliant temporary writedown Tier 1 bond.

Investment banks' hiring points to uptick in recruitment

In recent years, virtually all new banking jobs have been in back-office roles such as IT, risk and compliance

Moritz Erhardt, Merrill Lynch Bank Intern, Found Dead 'After Overworking'

Moritz Erhardt, a student who had been working as an intern at Bank of America's investment wing Merrill Lynch in London, was found dead on Thursday amid rumours that he had been working excessively long hours.

All shares in ABN Amro likely to be sold off

BN Amro bank is likely to be sold off in its entirety when the government privatises it, rather than divested in tranches