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

Italy's asset management flows positive in Q3, Assogestioni

The positive performance follows two quarters of outflows for the Italian industry.

Independent researchers face fight with banks

Investment managers have been criticised by investors and regulators for using brokers who provide research to conduct trades on behalf of clients.

UK banks should face threat of being broken up, says FSA

Britain's banks should be forced to fully separate their retail arms from investment banking operations if they try to dodge new rules designed to protect the taxpayer, a top regulator has warned.

Bank Pekao posts record profit in Q3

Bank Pekao, which belongs to the Italian UniCredit, posted zł.798 million in net profit for the third quarter,

UniCredit Swings to Quarterly Profit

Net income was 335 million euros ($425 million) compared with a net loss of 10.6 billion euros in the third quarter

Short-sellers nearly brought down HBOS, inquiry told

Stock market speculators nearly brought down HBOS in March 2008

Credit Suisse Stands by Investment Bank, Chairman Says

Credit Suisse AG (CS) stands by its investment bank, the bank's chairman said in a newspaper interview Friday.

RBS Appoints UBS to Oversee Branch Sale

RBS Chief Executive Stephen Hester asked UBS to assess a number of options as to what to do with the parcel of assets, which must be sold by December 2013 in accordance with a European competition ruling, the report added.

SocGen Committed to Investment Banking Unit in the Long Term

French bank Societe Generale SA said it remained committed to its investment banking unit in the long term, weeks after Swiss rival UBS AG announced plans to drastically cut the size of its investment bank, eliminating over a dozen lines of business and

Credit Agricole posts 2.9 billion euro loss after Greek exit

These writedowns plus profit declines in French retail banking

Generali Third-Quarter Net Income Rises on Fewer Writedowns

Net income rose to 291 million euros ($372 million) from 20 million euros a year earlier, when the insurer booked 289 million euros of writedowns.

France and Belgium to pump €5.5bn into struggling lender Dexia

Belgium will inject €2.92bn, or 53% of the total, with France providing the remaining €2.59bn

BNP Paribas doubles third-quarter profit, boosts capital

BNP Paribas doubled third-quarter net profit on the back of a bond-trading rebound and a drop in euro zone losses, helping it meet balance-sheet targets ahead of schedule despite the economic slowdown.

RBS Traders Brace for Job Cuts as City of London Contracts

The equity derivatives floor at the state-backed bank is this week facing substantial job cuts as part of the merger between the derivatives business and the investor products side of the investment bank.

Investment banking is a gamble, Kweku Adoboli tells court

Kweku Adoboli, the UBS “rogue trader”, denied gambling away the bank’s money, claiming if his actions amounted to gambling then all investment banking was just a game of chance.

Doha Bank eyes London share sale to boost capital-sources

The lender, part-owned by the Gulf state's sovereign wealth fund

Investment banking buoys Deutsche Bank

Deutsche Bank has reported flat profits for the three months to September that still beat analyst expectations.

Danske to Sell $1.2B in Shares, Cut 3,000 Jobs

Danske Bank reported a third- quarter profit as Denmark’s largest lender unveiled plans to cut 3,000 jobs and sell 7 billion kroner ($1.2 billion) in shares in order to boost capital buffers.

Deutsche Bank Beating UBS in Investment Bank Revival Sign

That may help the Frankfurt-based lender boost its share of investment banking revenue among the world’s largest banks for the first time in a year when it reports earnings tomorrow.

Qatar expanding in to European banks

"Europe suffers from economic recession and aims at attracting foreign investors, and Qatar is one of the countries that can benefit from these opportunities.”