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

RBS to claw back staff bonuses to pay Libor fines

The scandal has led to a purge of top staff at Barclays

Credit Agricole says completed Emporiki sale

Credit Agricole, France's No. 3 bank, on Friday said it completed the sale of Greek bank

Credit Agricole takes massive hit as banks struggle to move on

Banks across the world are cutting costs and selling off

Raiffeisen Bank sees Q4 loss on writedowns

Austria's Raiffeisen Bank International expects a net loss for the fourth quarter of 2012 due to writedowns of its Ukrainian unit and other assets and a tough economy.

Regulation puts good assets out of reach of Dutch institutional investors

Robeco’s latest five-year forecast on expected returns from different asset classes is a dense read

BBVA’s revenues rise in all geographic regions

BBVA earned €1.68 billion in 2012, down 44.2% compared to the previous year, after completing all real estate related provisions in Spain.

SEB ranks as leading corporate bank in Nordic region

Prospera's Corporate Banking 2012 Nordics survey is based on interviews with CFOs, treasurers and other key positions at 262 large corporates in the region.

SEB Raises Dividend After Fourth-Quarter Profit Jumps 44%

For the full year, profit before credit losses increased by 7 per cent, excluding one-off items by 15 per cent." says Annika Falkengren, SEB's President and CEO, commenting on the Annual Accounts 2012.

Restructuring Costs Hobble Deutsche Bank

Deutsche Bank plunged to a 2.6-billion-euro (2.2 billion pounds) quarterly loss after it took charges aimed at drawing a line under a series of scandals and cleaning up its balance sheet without asking shareholders for cash.

Santander writes off €19bn as profits plunge

Spanish bank Santander, the biggest in the eurozone by market value, said Thursday its net profit plunged in 2012 as it wrote off nearly €19bn for dodgy loans and property assets in Spain.

Goldman Sachs Financial Services Dealmaker Set to Leave

Goldman has been cutting staff to reduce costs because of the weak revenue environment.

Deutsche Bank’s Jain Sickened by Libor Manipulation Scandal

Regulators from Canada to Switzerland are investigating whether more than a dozen banks, including Deutsche Bank, were colluding to rig the rate.

Barclays workers denied anonymity in Libor lawsuit

Guardian Care Homes is suing the bank for £38m for misselling complex interest rate derivatives.

Barclays Prepares to Cut Jobs at U.K. Investment Bank

The bank sent a memorandum to employees today

German Bank to Spare Retail Jobs for Growth, Survey Finds

Support positions will be among the hardest hit, said 71 percent of respondents in Germany and 58 percent in the rest of Europe

Cantor Fitzgerald's Investment Banking Push Goes Awry

Kantor had stepped up his hiring in prior months, and the bankers discussed the renewed push into underwriting and merger advice

Sanlam to build sales culture and adopt big bank approach

‘What I would like to do is upskill the workforce that we have got.’

Raiffeisen Bank International not aware of need for writedown

The Austrian lender's goodwill along the lines of rival Erste Group's move on Tuesday

Back to the future for investment banking

Salamanca's Martin Bellamy digs deep for answers.

Deutsche Bank recognised as world’s No 1 fixed income bank

Deutsche Bank has retained its top position as the global market share leader in fixed income for the third consecutive year, according to the industry benchmark study by Greenwich Associates.