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

UK should not delay too long on RBS sale -Hester

"The faster the government starts selling its stake, the better for everyone," RBS CEO Stephen Hester told Reuters on Thursday.

European client pans Goldman slowness to reassure clients

Joining a growing chorus of criticism, one of Europe's largest asset managers lashed out at Goldman Sachs Group Inc for not communicating quickly enough with clients after ex-banker Greg Smith publicly condemned the way the bank treats clients.

JPMorgan staff told go easy on Goldman's Muppetgate

It's not the way we do business," Dimon said in the memo, a copy of which was seen by Reuters.

UniCredit may look at Denizbank

Meanwhile, Tefvik Bilgin, head of Turkey’s banking regulator BDDK, said late on March 8 that he was liverish by the delays in the sell-off procedures of lenders, calling for Dexia to finalize tle sale of Denizbank.

HSBC's Flint rubbishes 'shadow banking' term

The so-called shadow banking industry refers to the arena in which specialist investment firms, including private equity houses and hedge funds, facilitate the creation of credit to the traditional banking sector on a lightly regulated scale.

Saxo Bank Continues to Profit

With Net Profit of DKK 618 Million, the Investment Specialist Stays on the Course From the Previous Record Year

Riksbank: Sweden's Bank Profits Good For County's Stability

Riksbank Governor Stefan Ingves said in an interview with Swedish daily Svenska Dagbladet that the profits made by Sweden's banks are good for the country's financial system.

BBVA to acquire bailed-out Spanish bank

BBVA will also be shielded from most losses on Unnim’s real estate holdings, a spokesman for the Bilbao, Spain-based bank said in a telephone interview.

Brazil overtakes UK to become world's sixth-largest economy

By CEBR's calculations, Brazil's GDP totalled $2.469 trillion (£1.568 trillion) in 2011, while UK GDP was $2.420 trillion.

Royal Bank of Scotland moves jobs to India Close

RBS, which is 82-per cent owned by the government, has slashed about 34,000 jobs since it was bailed out by the state in 2008.

London firms call on new Mayor to invest in the city

London First’s chief executive, Baroness Jo Valentine, said: “We expect the incoming Mayor to support measures that not only bring jobs and prosperity, but ensure that London is truly open for business.”

BBVA to open Representative Office in the Middle East

BBVA has obtained authorization from the Central Bank of UAE to open a Representative Office in Abu Dhabi to provide support for the bank’s large customers and institutional clients.

Santander and KBC to merge Polish subsidiaries

KBC chief executive Jan Vanhevel said the transaction was another major milestone in implementing the updated strategy the group agreed with the European Commission.

3 Big European Banks Post Losses

Burdened by their exposure to Greek government debt and other damaged assets, Royal Bank of Scotland, Crédit Agricole in France and Dexia, a French-Belgian bank, all reported quarterly losses.

Lloyds net loss surges to $4.4bn on exposure

A day after Royal Bank of Scotland (RBS) said its annual net losses had almost doubled, LBG reported that its loss after tax ballooned to £2.78 billion ($4.38bn) in 2011 from £320 million in 2010.

Europe's banks finding little appetite for Middle East debt

The institutions want to sell the debt to boost their balance sheets, but are finding little appetite for it among regional banks and other international lenders, which think new loan issues emerging locally offer better value.

HSBC to refocus on Asia as £14bn profit looms

The chief executive, Stuart Gulliver, presenting his first set of full-year results, is expected to impress the need for HSBC to concentrate on commercial banking in both Asia and Latin America if it is to continue to grow.

RBS loses £2bn and hands £785m in bonuses

The Royal Bank of Scotland has risked taxpayer fury as its bonus payments outstrip the size of its losses in 2011.

International trade set to drive UK economic growth

HSBC is playing its part in growing the UK economy, in 2011 UK exports rose 13% and over the same period our export related business grew 33%, within which trade finance lending underpinning exports grew 91%.

What's wrong with Britain's fund industry

"A lot of this is in the hands of the Financial Services Authority and the Investment Management Association," he says.

Investment Banking