With clients demanding more clarity on their investments, and new regulations putting pressure on margins, wealth managers have their work cut out to remain profitable and relevant. Can they rise to the challenge?
Western Europe
Latest articles from Western Europe
London leapfrogs New York to top IFC ranking
October 1, 2013London has come out on top in its annual battle with New York to be named the world's leading international financial centre. Beyond the behemoths, however, the big story comes from Latin America, where Mexico City has jumped 15 places to crown an impressive year for the financial hub.
Germany's finance minister: the case for European banking union
October 1, 2013Moves to establish an EU-wide banking union have developed at a rapid pace in recent months, and, if carried out properly, would complete the creation of a single market for financial services throughout Europe.
Turkey stays ahead of the mobile game
October 1, 2013Turkey's banks are acquiring a global reputation for innovative products, particularly those that connect them with the country's youthful population through social media. As Duygu Tavan discovers, this is increasingly being done through smartphones.
ABN Amro chief opts for slow and steady route
October 1, 2013Although his time as Dutch finance minister gives him a deep understanding of policy-making, ABN Amro chief Gerrit Zalm has mixed views on the current tide of regulatory initiatives in Europe.
Société Générale maps new capital landscape
October 1, 2013France's Société Générale has responded to the long-awaited finalisation of European capital regulations with a new contingent convertible structure that could set a marker for the market.
Is Turkey set to embrace Islamic finance?
October 1, 2013Sharia-compliant banks have occupied only a small proportion of Turkey’s banking market to date, but with rising global demand and the government’s focus on Islamic finance, that looks set to change.
Commerzbank: developing for the digital age
October 1, 2013Following its acquisition of Dresdner Bank in 2008, Germany’s Commerzbank is now turning its focus back to developing products and services, its chief information officer tells The Banker.
Can London survive outside the EU?
October 1, 2013The UK's relationship with the EU has rarely been harmonious, but in recent years the heavy-handed regulations and onerous taxes perceived to be emanating from Brussels have seen this marriage teeter perilously close to divorce. A referendum could be called in the UK in 2017 regarding its EU membership, but how would the country – and London in particular – look should the vote call for a permanent separation?
Intesa CEO affords Italy a little optimism
October 1, 2013The resilience of the Italian economy should not be underestimated, says the CEO of Intesa Sanpaolo, and the country, which is now on the road to recovery, should no longer be considered as part of the flailing eurozone periphery.