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

Commerzbank sees strong 2022 as quarterly profit trounces

The basis for this was the positive development of its customer business with a stabilised net interest income and a significantly higher net commission income.

Spanish Banking Group Considers Selling Payments Business

The payments business for Sabadell processes credit and debit card transactions.

NatWest becomes first bank this year to push through new round of branch closures... and tries to keep it quiet!

It added that the closures were a result of 'most of our customers shifting to mobile and online banking because it's faster and easier for people to manage their financial lives'.

Societe Generale beats expectations to post its best annual performance ever

2021, Record Group Net Income

ABN Amro Profit Tops Estimates

The Dutch lender posted a net profit of EUR552 million, compared with EUR54 million a year earlier.

BNP Paribas earnings beat expectations

The Board examined the Group’s results for the fourth quarter 2021

Garanti BBVA led private banks in TL loan growth in 2021

The return on average equity (ROAE) was 19.0 percent and the return on average assets (ROAA) was 2.0 percent (excluding one-off items).

Barclays launches nationwide drive to boost small businesses

The classes are open to all small business owners, with national events focused on the hospitality and care home sectors.

Santander Q4 net profit rises 8-fold

In the fourth quarter alone, the bank achieved an attributable and underlying profit of €2,275 millio

Swedbank shares hit by interest income dip

Analyst notes from Credit Suisse and JP Morgan cited the miss on interest income as a reason for the share price reaction.

NatWest signs up to Good Business Pays campaign

The Good Business Pays campaign aims to get businesses paying not just on time, but working towards payment when small fast.

CaixaBank posts a recurring profit of €2.36 billion

The Board proposes a dividend of €0.1463 per share against 2021 profit

Grupo Mutua and CaixaBank agree on the terms for the extension of their strategic alliance to the old Bankia network

The agreement will allow for the expansion of the distribution of Non-Life insurance to six million retail customers acquired as part of the Bankia integration.

UniCredit beats 2021 guidance

Strong capital and liquidity position, with FY21 stated CET1 ratio at 15.03 per cent, pro-forma CET1 ratio at 14.13 per cent [1] and organic capital generation of €6.52 billion

Commerzbank Q4 weighed down by provisions at Polish mBank unit

The additional sum, which translates to around 436 million euros, brings provisions for Germany’s No. 2 bank to around 600 million euros.

Strategic review of retail banking business models

The Retail banking sector performs a vital role in the economy. There are around 100 million current accounts (PCAs) and 5.6 million microbusiness accounts in the UK, and retail deposits total around £1.5 trillion. Retail lending is a key driver of

ING France retail buyer will get part of €266M-a-year income business

ING France operates both retail and wholesale banking, and ING will retain the wholesale business.

Allica Bank joins the APPG for Challenger Banks and Building Societies

Allica Bank is one of the UK’s top fintechs dedicated to serving SME businesses, with a focus on reimagining relationship banking for SMEs, by combining modern, powerful technology with local relationships in the community.

Italy's Pop Sondrio to explore all options after shedding mutual status

Under Italian rules, the mutual status gives shareholders one vote each regardless of the size of their stake, diminishing the appeal of stakebuilding.

Santander races to claw back £130million after Christmas Day blunder

The bank accidently made double payments to 75,000 businesses and individuals from its own reserves and is working to get it back.

Retail Banking