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

Barclays closes more branches

"This includes working with the local community to find different, more flexible ways for our colleagues to continue to provide local banking support, such as through pop-up presences."

NatWest's Payit hits £1bn processed

It has now handled more than five million payment transactions, averaging £200 in value, removing the need for a card for a slicker, more intuitive customer journey, whilst reducing exposure to fraud and limiting transaction fees.

EBRD, EU and ProCredit Bank support small businesses in Albania

The loan will improve the availability of funding for SMEs and support them in the current economic environment as they face rising costs.

Axis Bank to wind down UK arm after terminating deal with OpenPayd

In March 2021, the bank informed the stock exchanges regarding its plan to enter a share purchase agreement with OpenPayd Holdings, for the sale of 100% stake in Axis Bank UK.

Rising interest rates lift Commerzbank profits

German bank earns €470m net profit in Q2 compared to €527m net loss last year

Co-operative Bank shifts treasury operations to the cloud

The shift to the cloud is expected to provide a modern, scalable and cost-efficient ownership model as well as access to ongoing upgrades and innovation, says treasury manager Gary McDermott.

Open banking One offers account aggregation with Nordigen

To bring their idea to life, Cabora Technologies decided to partner with Nordigen to utilise safe and secure bank connections on offer through their dedicated APIs.

UK Bounce Back Loan data puts Metro Bank and other lenders in the spotlight

While Starling Bank has been under fire from Lord Agnew for its BBLS performance, new figures put it in the middle of the pack.

Bank Generali: PR: 1H 2022 Results

Net profit: €131.3 million

Lloyds restructure costs up £37mn after Embark deal

The bank's operating costs also increased by £53mn between January and June this year, up 11 per cent on last year.

Shop price inflation rises to 4.4% in July - the highest rate since 2005

Households and businesses must prepare for a difficult period as inflationary pressures hit home, says the chief executive of the British Retail Consortium.

Paragon Bank hits milestone £10bn in savings deposits

The achievement comes eight years after the bank launched its first savings account and as it approaches 250,000 customers.

TSB to hand out £1,000 cost-of-living bonus to 4,500 staff

The money will be paid in two stages – the first in October and the second next February.

Lloyds Banking Group to close a further 66 branches from October - here's a full list, plus alternative options

The banking group said visits to the latest 66 branches due to close have fallen by 60% on average in the past five years.

NatWest establishes NatWest Bank Europe GmbH in Frankfurt

New European entity will be fully operational later this year

UBA Group Expands Operations to EMEA, Launches New Branch in Dubai

The UBA branch in the DIFC would service corporate & financial Institutions and customers across the Middle East with a core focus on correspondent banking, relationship management and advisory services.

Barclays to close more branches

Since the start of 2022, the bank has already closed dozens of its branches.

Unicredit sells non-performing loans portfolio to Illimity

The sale is part of UniCredit's on-going strategy to reduce non-performing exposures.

Saxo Bank named Best Prime-of-Prime Broker and Best Retail FX Platform at the FX Markets e-FX Awards 2022

For the 20th edition, the FX Markets e-FX Awards held in London recognise the dedication, skill and creativity that market participants pour into the growing, changing world of electronic foreign exchange trading.

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

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