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

ING ends retail banking for private individuals in Luxembourg

The decision followed an evaluation of the bank’s activities and market potential.

Crédit Agricole SA: 2024 capital increase reserved for employees of the Crédit Agricole Group

The maximum number of shares that may be issued is 32 million

Bank of Ireland says bonus caps stop it competing for top overseas talent

Lender has once again taken aim at crisis-era limits on remuneration, saying they damage the competitiveness of its overseas businesses

Erste Bank Hungary launches in-app flight delay insurance

The insurance is powered by leading European B2B2C insurtech Companjon, which specializes in fully digital, AI-driven embedded insurance solutions.

BNP Paribas CEO dampens hopes for European bank M&A revival

Hurdles include differing regulations and labour laws, the lack of a euro zone-wide deposit insurance scheme and politics.

CaixaBank welcomes 75 members from international banks at the WSBI Banking Innovation Conference

Over the course of two days, CaixaBank’s managers and team leaders will share with their international counterparts the entity's strategies in key areas such as innovation, new technologies, cybersecurity, and sustainability.

Bank branch closures: Lloyds, Santander and more shut down 6,000 locations - which brand has axed the most sites?

High street banks have cited the changing consumer behaviour as to why locations have been forced to close down in recent years.

NAB partners UK fintech Banked to boost merchant adoption of A2A payment solutions

The first group of NAB business clients to adopt the functionality are to go live with A2A payments “in the first half of 2024”.

BBVA refuses to raise offer for Spanish bank merger with TSB owner Sabadell

BBVA offered an exchange ratio of one newly issued BBVA share for every 4.83 Sabadell shares, a premium of 30 per cent to their closing price on 29 April, the last session before it made the offer.

DNB Bank Reshuffles Management, Establishes Business Banking Norway Unit

In order to deliver the best services to our customers in the future as well, we must develop even faster.

Banks accused of withholding more than £200m from SMEs

The average SME in the UK has around £75,000 of business savings and is offered less than 1.6% interest on average on this balance by the big banks.

CaixaBank reports a net profit of €1.01 billion up to March (+17.5%) with increased loan production and customer funds

CaixaBank Group serves 20.1 million customers through a network of over 4,100 branches across Spain and Portugal and has more than €600 billion in assets.

Lloyd’s of London leans on its unique qualities to ignite growth

To give the market’s stakeholders their credit, they’ve known Lloyd’s needed to change for some time.

NatWest boss admits ‘unexpected challenges’ for bank in 2023

Rick Haythornthwaite addressed the bank’s shareholders at its annual general meeting on Tuesday.

LHV Bank reports record growth in 2023, focusing on SME Lending and Retail Banking in 2024

Building on this success, at the start of 2023 LHV Bank broadened its offering to encompass SME lending and later in the year launched its personal savings accounts.

German Banks’ Soured Property Loans Surged in Quarter

The pain may continue as work-from-home policies reduce demand for office space.

Clearbank reports first annual profit as deposits double and customers boom

The fintech clearing bank reported a pretax profit of £18.4m last year, swinging from a £7.1m loss in 2022.

Government quietly pauses Natwest retail bidding process

Firms including AJ Bell and Hargreaves Lansdown have reportedly been in contention to handle the sale and had submitted bids to the government.

Credit Agricole says it will not fund two major LNG projects

The decision follows pressure on banks from environmental groups to shift investment dollars away from climate-warming oil and gas projects.

Santander offers £185 cash bonus for switching current account

The deal is open to new and existing customers who meet certain requirements