- Managers of Wealth - Europe -Wealth, private banking and asset management news and opinion

Deutsche Bank installs app on bankers’ phones to track private messages

Movius software to monitor calls and texts following widespread regulatory probes of inappropriate contact

Allica Bank scores £55m in debt and equity

In addition, the lender can draw on the £30 million capital facility from British Business Investments - a wholly-owned commercial subsidiary of the British Business Bank.

EBRD and ProCredit Bank support small businesses in Serbia

SMEs account for the bulk of all enterprises registered in Serbia and are the engine of the country’s economic growth.

BCI Group – Banque pour le Commerce et l’Industrie announces the acquisition of CapitalCompliance and CapitalDigital from Capital Banking Solutions

Our digital solutions will allow the BCI’s customers to access their accounts, directly from home.

Clearco continues European expansion with launch in Germany

The lender pledges €500m to support the German economy.

UK retail figures show unconfident shoppers still staying home

Cost of living concerns and shift to working from home continue to hold footfall below pre-Covid levels

Bank of Ireland completes purchase of Davy

25% of the enterprise value will be paid two years after completion, subject to Davy shareholders meeting a number of agreed criteria.

Citi exploring options to sell Russia consumer business

Citi has since found buyers for many of those businesses.

Barclays Hires 18 From Credit Suisse in Prime-Brokerage Push

Barclays Plc has hired 18 people from Credit Suisse Group AG’s prime-brokerage unit as the British bank continues its push to expand in the business.

Germany’s Uniper to pay for Russian gas via Russia bank account

This offers some countries a loophole to keep buying Russian gas against Western currencies.

CaixaBank posts an attributable net profit of €707 million

The pro-forma income statement shows a notable 4.3% reduction in recurring administrative expenses, depreciation and amortisation, reflecting the cost synergies arising from the merger.

Amsterdam Trade Bank, part of Russia's Alfa Bank, declared bankrupt

A statement on the DNB website said ATB depositors would be covered up to 100,000 euros ($108,000) each under the Netherlands' deposit guarantee system.

Barclays sells off half of Absa stake for £526m

The placing was made through Barclays Principal Investments subsidiary, with Absa, Citigroup, Banco Santander and Société Générale arranging the sale.

SocGen launches payment and transaction banking accelerator programme

Firms have until the end of May to apply for the six-month incubation period, during which they will get access to SocGen's expertise and the chance to try out their offerings in real-life business environments.

Santander to reallocate costs of corporate centre to business units

The change in the group's financial reporting will have a negative impact of 766 million euros ($841 million) on the country units' net interest income, a measure of earnings on loans minus deposit and wholesale funding costs.

Curtis Banks’ fintech business ‘underperforms’

“We see it as a timing issue,” Self added. “We absolutely expect this to unwind in 2022.”

NatWest: Government ends 14 years of majority ownership of bank

Government stake in NatWest reduced to 48.1%; Important landmark reached in returning the bank to private ownership; Share sale raises over £1.2 billion.

Allica Bank Acquires Over £1B in Deposits from Businesses, Individual Savers

Allica Bank has also teamed up with investment management service provider, Hargreaves Lansdown.

HSBC is shutting 69 branches - will yours be affected?

The announcement is the latest to reflect the impact of customers choosing to do more of their banking online.

HSBC sells Greek retail bank

All staff members employed by HSBC Continental Europe, Greece at completion of the potential transaction would transfer to Pancreta Bank SA as part of the sale.

Retail Banking