Swiss asset manager Union Bancaire Privée (UBP) has announced the firm has reached an agreement to acquire Coutts, the international private banking and wealth management business of the Royal Bank of Scotland (RBS). The cost of this acquisition has not been disclosed but according to Reuters, RBS was expecting last year to sell Coutts for […]
Royal Bank of Scotland and its NatWest business have been fined £14.5m by the Financial Conduct Authority (FCA) for “serious failings” in its mortgage sales business. The city watchdog said it found that the firms failed to ensure that their advice given to customers was suitable. Two reviews of sales from 2012 found that in […]
The day after Pierluigi Bersani was confirmed leader of left-wing Partito Democratico, defeating Matteo Renzi in the party’s primary elections, 2013 elections remain a key risk for Italy and investors, as they threaten a lack of continuity in the implementation of the country’s reform agenda.
As 2012 closes, credit markets are torn between two opposing forces, and in 2013 European policymakers will get closer to a solution, stepping towards a banking union, according to Alberto Gallo, head of European macro credit research at Royal Bank of Scotland.
Henderson Global Investors has made two senior hires to its credit analyst team as European investors continue to seek more attractive yields than those available on core Continental bonds.
As China closes down to celebrate the start of the Year of the Dragon, thoughts turn to what the new year could bring. The Chinese consider the dragon to be the luckiest sign of their zodiac but, appropriately perhaps for 2012, it is also seen as unpredictable.
BlackRock’s alternative investment unit has hired an expert in German-speaking Europe as managing director to develop and promote the asset manager’s alternative investment offerings widely.
Dutch-listed fund of private equity funds Conversus Capital is to end all new private equity investments and return cash flows to shareholders via quarterly distributions, starting with a return of $100m this month.
Daiwa creates sole chief executive role for Europe subsidiary in management shake up, Brennan returns to Russell as MENA head, Schroders hires Frankfurt COO, UK boutique investment bank hires prop specialist from SLI.
Ulster Bank has ended its search for a new chief executive following Cormac McCarthy’s decision to stand down in July last year, after a decade with RBS Group.
Royal Bank of Scotland has seen a surge in demand from German investors for structured products linked to solar and renewable energy.
Russian investment and asset management firm Troika Dialog today revealed plans to expand its private banking division with the appointment of a new head who will also cover retail, Catherine Thibaut