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

Moment of Truth For Spanish Bank

Lender's Independence Seen at Risk From Spain's Cleanup Rules, Just Months After IPO

Crédit Agricole launches new financing model

Crédit Agricole is launching a new financing model in its corporate and investment bank which will allow France’s third-largest lender by market value to continue project and trade finance, despite upcoming unfavourable capital rules, accordi

Banco Santander gets heavily hit by the European debt crisis

The drop in quarterly profit weighed on the bank’s annual earnings, which fell 35 percent, to 5.35 billion euros ($7 billion), in 2011.

Stratton Street Capital LLP announces offshore Renminbi (CNH) and Swiss franc Currency Classes to the Renminbi Bond Fund

Stratton Street Capital LLP has announced the addition of two further currency classes to its Renminbi Bond Fund

Ex-RBS CEO Fred Goodwin Stripped Of Knighthood-Video

Prime Minister David Cameron and party leaders said it was the right decision.

Invista Foundation Property reports NAV and interim dividend

As at 31 December 2011, the negative mark-to-market of the Group's interest rate swaps was -£29.8 million, a reduction of £0.8 million or 2.7%. This represents 8.4 pps or 17.6% of the Company's NAV.

Invesco profit rises 15pc on deposits, litigation settlement

Net income increased to $202.3 million, or 44 cents a share, from $175.2 million, or 37 cents, a year earlier, Atlanta-based Invesco said in a statement today.

UniCredit offers investors bonds buyback

Chief executive Federico Ghizzoni is raising money to boost capital and comply with European Banking Authority targets.

UBP incurs profit decline

Client assets increased almost 11 percent to 72 billion francs in 2011 following the acquisition of ABN Amro Group NV’s Swiss wealth-management unit, UBP said on its website today.

EU banks deepen dependence on unlimited central bank loans

ECB President Mario Draghi said last week he expects demand for loans next month to be “still very high,” though “probably lower than in December.”

Credit Suisse to use derivative-bond bonuses

Banks including Goldman Sachs Group Inc. and Morgan Stanley cut bonuses after anxiety about Europe’s sovereign-debt crisis helped depress profits and share prices last year.

Germany and France seek relaxation of bank capital rules-FT

Nordea Profit Beats Estimates

Nordea Bank AB, the Nordic region’s largest lender, said fourth-quarter profit rose 2.1 percent as higher income from lending offset rising losses on bad loans.

Bank merger sealed in Greece

The merger of the two largest private sector banks in Greece is “a game-changer decision of historic proportions which enhances the ability of the country to overcome the crisis, stabilizes the banking system and sends a positive message regarding t

Jefferies to make move for RBS cash equities

RBS is selling Hoare Govett and its wider cash equities, equity underwriting, and mergers and acquisition businesses as part of a restructuring of its global banking and markets (GBM) business.

Dexia Sees Agreement for Denizbank Sale Before End of February

Mariani also said talks with Royal Bank of Canada about the sale of Dexia’s 50 percent stake in their joint venture RBC Dexia Investor Services are nearing completion.

Sberbank throws its weight into investment banking

In the words of a recent recruit – it’s the biggest bank you’ve never heard of.

Being international isn't sexy anymore for Citi

Citi's rivals JPMorgan Chase and Bank of America have Europe problems, too, but they also have U.S. branch networks about five times the size of Citi's. And bank business in the U.S., like the economy, is improving.

Big Four firm regains leadership position in 2011

PricewaterhouseCoopers Regains Leadership Position In 2011

Gloom Lifting Over Global Growth Prospects - study

Risk Appetite Back to Pre-Third Quarter Crisis Levels

Investment Banking