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

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

London shrinks faster than any financial center as banks come under attack

Having fired more employees than in any other country last year, the capital’s banks are facing falling trading revenue, attacks from politicians to reduce pay and more job cuts.

UK banking giants plans to hire tens of thousands every year

HSBC has an employee attrition rate of 10% annually, and replacing those staff forms part of the new hiring, an HSBC spokesman said. HSBC currently employs 296,000 staff globally.

Top lender gets five weeks to find RBS buyers before bankers depart

RBS, the U.K.’s largest state-owned lender, last week said it will sell or close its unprofitable cash equities, mergers advisory and equity capital markets units.

Banker sackings and suspensions double in two years

The number of investment bankers sacked or suspended for failing to comply with regulatory rules has doubled in the two years since the Lehman Brothers crash, official figures show.

Saudi British meets market forecasts with 65pc jump in 4Q results

Net income rose to 655 million riyals ($175 million) from 397 million riyals a year earlier, the Riyadh-based lender said in a statement to the Saudi bourse today. The mean estimate of seven analysts was for a profit of 654.4 million riyals, according to

Societe Generale Securities Services has recieved nine ratings from Global Custodian

Societe Generale Securities Services (SGSS) has received nine major ratings, covering six countries, from Global Custodian Magazine* in its 2011 “Agent Banks in Emerging Markets” Survey.

Major lender could lose $5 billion from PIIGS exposure: report

Dimon said the bank was exposed to the five countries (PIIGS) to the tune of around $15 billion.

Eurozone's fate hangs on whether French humiliation turns to anger

And after Friday's mass downgrade, which underscored the fact that investors believe governments right across the 17-member single currency area will be on the hook if the crisis deteriorates, Greece's eurozone partners may no longer be in any m

Greece gets closer to brink of bankruptcy

Greece’s finance minister Evangelos Venizelos said talks would resume on Wednesday to “bridge differences” but insiders remained sceptical that a deal could be stitched at such a late stage.

The world according to Goldman Sachs

Ahead of the Davos summit, Goldman Sachs president Gary Cohn talks to The Sunday Telegraph about the outlook for Europe, the US economy and whether 2012 holds any rays of hope.

BNP sells stake in Niger bank

The sale will enable Coris Bank International, a privately held Burkinabe bank, to become the largest shareholder in BIA-Niger, the West African nation's oldest financial institution, which began operations in 1944.

Royal Bank of Scotland to sell Middle East M&A business

Royal Bank of Scotland is in talks to sell its mergers and acquisitions business in the Middle East and cut some jobs as part of a global restructuring at the U.K. bank, its regional head said on Monday.

Barings to merge away Harte’s AR Global Bond trust

Dagmar Dvorak, co-manager of the Global Bond trust, has assumed responsibility for the fund during the consultation period.

SocGen investment bank cuts signal more pain ahead

The news that France's second-biggest lender is eyeing a "significant" fall in investment banking revenue for 2012 and has decided to exit or deeply cut several businesses is the latest dollop of pain for investment banks worldwide after bu

German bailout veteran adds to Merkel’s government alumni at ECB

A crisis troubleshooter for Merkel since the collapse of Lehman Brothers Holdings Inc. in 2008, Asmussen brings his experience in bailout politics to the European Central Bank.

Regulation fears kill off top lender's plans for JV

Arbuthnot announced plans in July for a JV through Secure Trust Bank (STB), its listed subsidiary in which it retains a 75 per cent stake, as well as an unnamed partner.

Banks being made riskier and Brits poorer, warns UBS

Pointing to bonds sold by Barclays and Lloyds Banking Group since the start of the year, the analysts said both banks had to pay a very high price to access the debt markets.

Emerging markets growth to weaken, says UBS

The Swiss investment bank still expects these countries to outperform industrialised nations but at a slower annualized real growth rate of 5% or less in the first half of 2012, compared with 7-8% at its peak and 5.5% last year, thanks to a moderation in

Investment Banking