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

Sainsbury's mulls sale of banking arm amid near-zero interest rates

It comes as small and medium-sized lenders have been recently battling near-zero interest rates and tough competition, which have put a strain on margins.

EBRD provides €20 million loan to Banca Intesa Beograd

The EBRD funds will address the liquidity needs of corporates, small businesses and municipalities that are experiencing a decrease in their activities and turnover due to the spread of the virus.

Natwest beats expectations on lower impairments

“Profitability is already fairly weak thanks to ultra-low interest rates, it might not take much to tip the bank into a loss."

HSBC to accelerate restructuring plan to cut costs

HSBC has not yet said if its plan to accelerate its restructuring will mean more jobs will go.

Santander rebounds from historic loss as loan repayments pick up

Santander returned to profit in the third quarter following a historic loss, upgrading its full-year forecasts as customers began to recover from the initial impact of Covid-19.

Largest Russian Bank to open office in Abu Dhabi

In late September, the state-owned bank signed an agreement with Abu Dhabi sovereign investor Mubadala Investment Company to "tap the potential of mutually beneficial opportunities ".

HSBC to Shed up to 300 Staff from the UK Offices

This lay-off is a part of the lender’s global restructuring program.

First Caribbean bank launches in the United Kingdom

Marshall said while JN Bank will offer accessible products and efficient customer service to persons in the UK, the bank will be driven by JN’s mutual heritage, its traditional roots in the community and a genuine care and interest in customers.

Deutsche Bank CEO Focused on Strategy But Won’t Rule Out M&A

The two lenders briefly held informal talks last year and Sewing, too, privately favors a deal with UBS, Bloomberg News has reported.

NAB Announces Analytics Platform For SME Customers

NAB will run a pilot of Pollinate in March 2021 before rolling out the technology across its customer network.

Germany's Deposit Solutions launches in the US

The US launch comes nearly a decade after Deposit Solutions founded its European platform, which now connects more than 150 banks from 20 countries and exceeded the mark of $30 billion transmitted deposits earlier this year.

TSB to close 164 high street banks affecting 969 jobs

This means having the right balance between branches on the high street and our digital platforms, enabling us to offer the very best experience for our personal and business customers across the UK.

HSBC in final talks to sell French retail business at hefty loss

Cerberus and a rival investment firm have told HSBC they would buy its French retail arm for a symbolic one euro provided the British bank ploughs more than 500 million euros (US$582.70 million) into the business, sources told Reuters.

Thousands of Britons living in EU told their UK bank accounts will be closed

Lloyds and Barclays among banks taking action due to lack of post-Brexit trade deal

British Banks Brace for Deeper Slump by Pulling Mortgage Deals

The headlines mask the looming risks in the wake of a fight for mortgage market share that led to looser home-loan criteria in the past three years.

EBRD to boost Raiffeisen Bank Albania’s lending capacity

The facility will strengthen Raiffeisen Bank Albania’s capacity to meet the financial needs of selected clients

Banco Sabadell research a doable merger; BBVA, the chosen one

The corporate chaired by Josep Oliu, the oldest lively banker, has all the time acknowledged taking note of doable unions and now, with the financial disaster brought on by COVID-19, it might be time to take action.

Wales’ Leading Commercial Brokerage Launch Under New Name

“With the emergence and growth of those teams it has seen our regulated consumer business catch up our investment business, so we took the view to make our name less niche and more in line with our broader offering.”

CaixaBank named “Best Consumer Bank in the World 2020” and “Best Digital Bank in consumer banking in Spain 2020” by Global Finance

These awards acknowledge and award innovation and excellence within the scope of banking. In addition, the CaixaBankNow app has been chosen the “Best mobile consumer banking application in Western Europe” for the third consecutive year.

Fee structure helps Curtis Banks weather Covid storm

The provider's Sipp fees are based on a recurring annual fee and a number of additional fixed fees depending on the services provided to the Sipp.

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