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

Greece’s Piraeus Bank Optimistic for the Future

This progress resulted in core pre-provision income of €0.5bn in H1.21, up 18 percent year on year.

BlackRock attracts the highest level of gross fund sales

LGIM second for retail sales

Commerzbank reports second-quarter loss

“We have kept our Common Equity Tier 1 ratio stable despite the high one-time write-off and restructuring expenses,” Bettina Orlopp, chief financial officer of Commerzbank said in a statement.

ABN Amro to offer mortgage discounts on energy efficient properties

Existing and new mortgage clients receive the rate cut if they make their homes more sustainable after the start of a fixed-interest period and if they register their energy label - provided it is either A or B - within 24 months.

BNP Paribas Group: Results as at 30 June 2021

The meeting was chaired by Jean Lemierre, and the Board examined the Group’s results for the second quarter 2021.

CaixaBank posts an adjusted net profit of €1.28 billion

Attributable net profit, which includes Bankia’s contribution only from the second quarter onward, came to €4.2 billion

Lloyds Banking Group records £2bn profit after pandemic slump

Bank announces one of biggest acquisitions and restart of dividend payments

Garanti BBVA once again named 'Best Retail Bank' in Turkey and Europe

The executive also noted Garanti BBVA's advances around the financial health of its customers, a new priority for the entity and which it complements with the best mobile banking technology.

Mediobanca to resume dividends after profit tops forecasts

Mediobanca is bidding for Deutsche Bank’s financial adviser network in Italy, according to a source close to the matter.

Challenger bank buys Fleet Mortgages for £50m

Anne Boden, Starling’s chief executive, called the acquisition the start of its move into mortgages as an asset class.

Tesco Bank to close all current accounts

The bank says it will now focus on serving its five million-plus customers across a range of banking and insurance products.

Solarisbank raises EUR190m; buys Contis

The firm recently migrated its full tech stack to the AWS cloud and moved all partners to its entirely self-developed core banking system.

Commerzbank faces €200m hit after ditching HSBC outsourcing deal

In addition to the write off, Commerzbank has set aside provisions in the double-digit millions.

Nordea Half-year results 2021

Assets under management increased by 24% to an all-time high of EUR 387bn, driven by strong performance and continued solid net inflows, especially into retail funds and Private Banking.

CaixaBank opens ‘all in one’ Madrid to offer a unique financial experience

The new centre in Madrid has a team of more than 130 professionals

Lloyds makes private rental debut with new venture

Lloyds cited the disruptive impact of “many” traditional private landlords exiting the rental market and property supply as a reason for its private rental debut.

CaixaBank and trade unions reach a labour agreement for the restructuring of the bank

The agreement reinforces the rural customer assistance model.

German banks use digital smart contract to trade OTC interest rate derivative

The firms say that using smart derivative contracts not only simplifies and accelerates the complex settlement processes of OTC derivatives, it also creates an economic advantage by reducing counterparty risks and procedural uncertainties.

Lloyds to close 44 more branches

Labour union Unite described the decision as a bitter blow for customers, staff and local communities.

Sale of retail banking business in France - HSBC

The signing of an MOU for the potential sale of our French retail banking business represents a significant step in progressing the actions we announced during our strategic update earlier this year.

Retail Banking