Managers of Wealth Europe

Citi, Morgan Stanley join European banks in pausing job cuts

The need for steep cuts at European banks is more acute, where such measures are a major piece in their plans to restore lacklustre profitability or bolster shareholder payouts

The future of retail banking: trends and outlooks

Challenger banks are still finding their business models and Open Banking services have hardly become mainstream yet.

UK to raise contactless card payment limit to 45 pounds in April

Consumers who need to spend more than 45 pounds will still be able to use chip & pin cards and contactless payments via mobile phone, which are not limited because they use biometric technologies to verify the presence of cardholders.

Metro Bank faces backlash over refusal to introduce fraud prevention measure designed to stop people losing millions to bank transfer scams

Confirmation of Payee is being rolled out over the next month by banks

Defunct bank's art sells for almost €65,000

The first collection of artworks in the online sale owned by the National Irish Bank were sold by Whyte's auction house last December, and made €30,000.

RBS to provide extra £350m cash help to small firms hit buy Coronavirus

Loan support will be added to additional help in Brexit impact fund

Handelsbanken chief executive heads list of powerful women in Sweden

The list has been published in connection with International Women's Day every year since then, and served as a barometer of the roles where women have succeeded in making it to the top.

BNP Paribas emits governance-centered ESG index

BNP Paribas' involvement with ESG and their focus on G incentivizes companies' governance behavior and motivates them to put more emphasis on maintaining a risk-management strategy.

RBS switch scheme to be reformed

Eleven small banks including Metro, Starling, Santander, Co-operative and TSB have signed up

Banco Santandar Brasil Sells Superdigital to Banco Santandar Spain

This is yet another initiative that strengthens the Santander Brasil´s ecosystem, bringing even more synergy between the businesses, providing expansion of the portfolio of products and services with a focus on the continuous improvement of service

Lloyds share price: Lloyds profits fall 33%, but there is a silver lining

The bank has had to deal with its fair share of problems in that time, from the fallout over the 2016 Brexit vote, lower interest rates, as well as more provisions in respect of PPI.

Lloyds' 2019 profit sinks after £2.45bn PPI charge

The Group implemented the amendments to IAS 12 Income Taxes with effect from 1 January 2019

Intesa kicks off Italian bank consolidation with $5.3 billion bid for UBI

If the offer is successful Intesa would quickly delist UBI and merge with it, aiming to complete the transaction by the end of the year.

Under new chief executive Alison Rose, the lender also announced plans to hand over

£600million to the Government, which currently owns a 62% stake in the bank

German Commerzbank reports decline in net profit for 2019

Commerzbank reported that customer business "remained healthy growing" on the basis of growth in customers and assets.

CaixaBank net profit beats expectations

Demand deposits grew to €189.6 billion (+8.8% in 2019). T

Spain's Bankia sees further decline in lending income in 2020, shares fall 3%

Shares in Bankia reversed earlier gains and were down 3.5% at 0903 GMT following Alvear’s comments.

RBS boss Alison Rose plotting to axe thousands of NatWest jobs

RBS has 65,000 staff, about one- third in retail banking.

Italy's Banca IFIS rules out M&A as it unveils new plan to boost profit

Italy’s loan recovery market is under pressure to consolidate after years of stellar growth fed by a 200 billion euro ($222 billion) banking clean-up, as lenders were forced to shed loans that turned sour due to a deep recession.

TSB to open new IT centre in Edinburgh

A new services agreement will see IBM build and manage TSB’s private cloud environment, running services across TSB’s core banking platforms with all of the infrastructure being operated and managed by IBM under supervision by TSB.

Retail Banking