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

HSBC Said to Cut Over 50 Jobs in Investment Banking Division

Cull in global banking and markets unit to begin this week

2 Barclays Lawyers Killed in Avalanche

A former Ashurst associate and her colleague were among the victims.

Highlights of Handelsbanken’s Annual Report january – december 2018

Growth in business volumes in all home markets.

Japan's Daiwa aims to tap private equity ties in push for Europe advisory gigs

Under its latest European recruitment push, Daiwa has also hired a Britain-based M&A banker specialised in the fintech sector, Hiroki Ikeda, Daiwa’s deputy head of global investment banking, said in an interview.

NordLB says owners accept recapitalisation plan of states and savings banks

German savings banks had earlier this week agreed on the plan, capping months of discussions during which a stake sale to private equity interests had seemed more likely.

Bonuses at US investment banks surge past European rivals

City investment bankers at Wall Street-headquartered companies are seeing their pay grow faster than peers at European banks

Deutsche Bank braced for merger with rival Commerzbank

Amalgamation with rival could take place by mid-year if all else fails

Deutsche Bank reports first annual profit in four years

But revenues fell four percent, to 25.3 billion euros, with Deutsche blaming a fourth quarter marked by "challenging financial markets" and "negative" headlines, including a November raid by prosecutors on the bank's Frankfurt hea

SocGen Plans Investment Bank Job Cuts After Trading Slump

The CEO is among the longest-serving leaders in European banking, having been at the helm for about a decade, and took his third set of financial targets to investors in 2017 after missing earlier multi-year goals.

Europe should be wary of the lure of bigger banks

As long as continent-wide deposit insurance remains out of reach, mergers will be risky

Deutsche Bank to Get Qatari Commitment for More Funds

Two other Qatari investment vehicles, controlled by members of the royal family and other prominent politicians, already own a stake.

Lloyds Banking Boss Horta-Osorio Refuses To Rule Out More Job Cuts

Lloyds is in the midst of a three-year transformation programme and said last year that it will invest GBP3 billion to upgrade its digital baking offering.

High pay and short hours? Not for everyone in hedge funds. Managing by numbers at Citi

Today's jaded Einhorn might have a few things to say to yesterday's naive John Paulson.

William Blair Names Head of European Investment Banking

William Blair currently has more than 80 investment banking team members in Europe, anchored by offices in London and Frankfurt, and serves clients across the region.

Metro Bank shares slump as 2018 profits miss expectations

Chief executive Craig Donaldson said 2018 was another strong year of growth for Metro Bank

A Truly Terrible Idea for Deutsche Bank

A Commerzbank merger would make a mockery of the EU’s hopes to avoid lenders that are “too big to fail” – and the bloc's plans for a banking union.

Top graduate starting salary is now £60,000 investment banking role, while lowest paid is £20,000 in charity sector

Investment banks are now offering university leavers salaries of up to £60,000

If investors don’t overhaul banker pay, populism will

The news last week that Santander was abandoning its planned hire of UBS investment bank boss Andrea Orcel as chief executive, highlighted an odd side-effect of those pay reforms.

BofA’s Moynihan confirms plan to hire investment bankers

The bank will focus on expanding coverage in the US, but also hire bankers in Europe, chief executive says

OTP Bank closes acquisition of Societe Generale’s Bulgarian business

The integration process is scheduled to be wrapped up next year.