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

BNP has Goldman in its sights after beefing up hedge fund business

French bank aims to join prime broking’s top 3 following acquisition of Deutsche unit last year

Citi just launched a new unit that will apply data science to dealmaking.

It's all part of a playbook to become a top-3 global investment bank.

Deutsche Bank equities professionals try to settle at BNP Paribas

Instead of sales or trading, insiders many of the people who've migrated to BNP Paribas from DB instead work in technology, with DB's tech systems seeming to be the real focus of BNP's purchase.

HSBC brokers deal to take full ownership of German arm

HSBC is planning to retrench more than 35,000 positions to cut costs as the Covid-19 pandemic affects its revenues, especially in continental Europe.

Deutsche Bank asks top managers to forego a month’s pay

CEO Christian Sewing has resumed his plan to cut 18,000 jobs that had been put on hold

This could be the end of juniorization in investment banks

With the future still highly uncertain, there are signs that banks are strengthening benches as volatility persists.

Societe Generale finalises the acquisition of Commerzbank's Equity Markets and Commodities activities

It covers the activities of ETF market-making, which consists of ensuring the market liquidity for ETFs issuers and of executing orders for institutional clients

Deutsche Bank sells bond to boost its capital ratio as recession looms

European and national regulators have granted banks more flexibility in how they can meet certain capital requirements to help keep lending flowing to businesses struggling amid the crisis.

Junior bankers move home: "There's no cooking or cleaning"

Home often seemed the better option.

French banks plot next moves after heavy derivatives losses

The structured products business is highly profitable for banks when markets are benign

SocGen to revamp trading arm after equities revenue wiped out

CEO Frédéric Oudéa pledges second round of changes in a year after ‘extraordinary’ crisis

SocGen posts first-quarter loss on trading, bad loan provisions

Equity net banking income totalled EUR 9 million in Q1 20

Santander profit dips, prepares for virus losses

Our underlying quarterly operating performance was strong, with a relatively limited impact from COVID-19.

European bank investors brace for loan-loss provisions

Pandemic uncertainty and new accounting rules make forecasts ‘guesswork’

Barclays likely hit by bad loan losses in Q1 results

The UK lender will unveil its first quarter results on Wednesday, with British banks likely to suffer significant losses from bad loans this earnings season.

Client pulse: wealth planning concerns during the pandemic

The pandemic has caused many clients to really assess what they want their lasting legacy to be.

Saxo Bank’s most traded Q1 stocks: Tesla took investors for a ride

Following a fantastic year in 2019, the market took a tumble in the first months of 2020.

Investment banks braced for pandemic earnings wipeout

European lenders seen as more vulnerable, with Wall Street poised to grab market share

EFG Hermes grows revenue by 20%

Growth at the NBFIs platform was primarily driven by the Group’s microfinance solutions provider, Tanmeyah, which saw its top line reach the £1.0 billion mark in FY19, up 66% Y-o-Y.

RBS pays out 70 per cent of government coronavirus loans

Small business owners have reported that the service is not working properly, with banks too slow to provide loans.

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