Deutsche Bank AG will sell wealth manager BHF-Bank AG to RHJ International, a Belgian financial services company, for 354 million euros ($485 million) by the end of next month.
The European Union proposed cutting the region’s greenhouse-gas emissions by 40 percent in 2030, accelerating its efforts to fight climate change.
Spain plans to cut net bond issuance this year as Prime Minister Mariano Rajoy struggles to tackle a debt load that will generate a record level of redemptions.
Kleinwort Benson , the U.K. private bank that traces its roots to 1786, plans to hire bankers in the next 12 to 24 months as it expands its funds management and financial advisory units.
Kleinwort Benson, the U.K. private bank owned by RHJ International SA, named Sally Tennant chief executive officer, replacing Robert Taylor.
Deutsche Bank AG agreed to sell its BHF-Bank unit to RHJ International for 384 million euros ($497 million) after year-long talks on a deal that helps Germany’s biggest lender meet tougher capital requirements.
RHJ International SA said its private-banking unit Kleinwort Benson agreed to buy Close Brothers Offshore Group for 29.1 million pounds in cash.
Gold, up 27 percent in the past year, can advance to new records and investors should prepare to buy more, according to Kleinwort Benson, a manager of money for the wealthy.
Kleinwort Benson named Mouhammed Choukeir chief investment officer from October, replacing Jeremy Beckwith, according to an e-mailed statement today.
Ireland has this banking advice for Spain: imagine the worst and double it.
Kleinwort’s Reed Says ECB Repo Effort May Fail