Managers of Wealth Europe

Bank of China brokers deal to buy €155m Goodbody

Chinese will take an initial 75% stake in Irish financial services firm

ABN AMRO profit falls as bank announces plan to strengthen financial crime detection

Operating income fell to EUR854 million from EUR1.09 billion, ABN AMRO said.

Crédit Agricole shares fall as French retail banking disappoints

Results for the third quarter and the first nine months of 2019

CaixaBank opens Barcelona flagship hub

Alongside the visual elements and technology, the “all in one” Barcelona experience is rounded off with a range of services and possibilities that go beyond strictly banking.

Jyske Bank lowers outlook, rival Sydbank hikes interest rates

It will also initiate a cost-cutting programme, including staff reductions, so costs in 2020 would equal slightly rising costs this year.

Santander profits take a £169m hit over PPI claims

Pre-tax profits plummeted by 43% to £785m as Santander took a PPI charge of £169m.

Spain's Bankia says lending income could fall slightly in 2019

On Monday it posted a 23% drop in third-quarter net profit from a year earlier to 176 million euros due to higher litigation and loan loss provisions, slightly above an average of 173 million euros forecast by a Reuters poll.

European banks run out of options to protect profits

Negative interest rates, new regulations and sluggish economy mean tougher challenges

Banco Santander sells Puerto Rico unit to FirstBank for €1bn

The transaction is expected to close in the middle of 2020, subject to regulatory approvals.

Efma and Accenture Announce Winners of Customer Insight & Growth Banking Innovation Awards

The winners were selected by a panel of judges comprising senior retail bankers from around the world and by Efma members and non-members from retail institutions who voted online.

Metro Bank launches new game-changing digital insights tool for businesses

The development comes as part of Metro Bank’s efforts to inject much needed competition into the small business banking market following the £120 million funding it was awarded from the Capability & Innovation Fund.

CEO of Greece’s Largest Bank Has a Plan to Move Past Financial Crisis

Bank weighs speeding up securitization plan scheduled for 2021

Tough Times Persist For German Banking

One of the biggest long-term problems faced by German banking is the sector’s proliferation of small lenders.

Estonian bank enters liquidation over money laundering case

Last week, Estonian police found the body of Aivar Rehe, Danske Bank’s head in Estonia in 2006-2015, and confirmed Monday he had committed suicide.

OakNorth Bank sets up £20m Raw Mortgage Fund loan

Tim Parkes, managing director and lead fund manager at Raw Mortgage Fund, said: “OakNorth Bank has done a fair amount of property lending itself so has a great understanding of the sector, the performance of property assets and can structure a facil

Santander launches own digital bank Openbank in Germany

The bank offers German customers a state-of-the-art platform and mobile app, featuring AI and machine learning technology, cloud-based systems and the highest security standards for usability and optimal customer experience.

Commerzbank plans to lay-off thousands in latest restructuring

The lender also aims to shut down 200 branches in Germany, following which, it will operate around 800 offices in the country.

HSBC Looks to Unload French Retail Bank

The move to reduce its footprint in Europe would be one of its first strategic actions under new interim Chief Executive Noel Quinn

BNP Paribas plans bid for Deutsche Bank's equity derivatives

Deutsche Bank plans to auction its equity derivatives portfolio next month having received significant expressions of interest from banks, private equity firms and hedge funds, the sources told Reuters.

The European race to provide real-time payments

As financial services players consider their options for instant payments, reachability will be key.

Retail Banking