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

CaixaBank Signals Exit From $1.92 Billion Erste Bank Stake

Spanish lender may sell part or all of 9.9% Erste holding

Caixabank Considers Selling 9.92% Stake in Erste Group Valued at $1.92 Billion

The sale of its stake could take place in different steps as Caixabank owns a 5.42% unhedged stake in EBS, which it could sell to certain pre-identified buyers.

Bank of Ireland buys most of KBC Bank Ireland's loans in €5 billion deal

Today's deal remains subject to regulatory, including Irish competition, approvals.

Lloyd Bank to close another 48 branches

Lloyds said it is responding to customers using branches less frequently

Swedbank Q3 profit tops forecast

Swedbank said in a statement its quarterly net profit rose to 5.50 billion Swedish crowns

Piraeus Bank pursues balance sheet clean up with bad loan sale

The Sunrise II portfolio comprises about 47,000 retail and corporate loans with a gross book value of 2.7 billion euros ($3.1 billion).

SocGen's retail bank merger points to showdown with unions further down the road

The merger will see Société Générale and Crédit du Nord's combined branch network reduced from around 2,100 to 1,450.

Hampshire Trust Bank to acquire Wesleyan Bank

The combined business will be led by Matthew Wyles as CEO with Tim Blackwell as CFO.

Hansard Global: Results for the year ended 30 June 2021

I would like to thank all our employees and distribution partners for their hard work and resilience in delivering this result.

Lloyds gives users control over contactless limits amid fraud fears

Lloyds says it is responding to customer concerns by introducing new card controls in its mobile app, which will enable users to move the limits in £5 increments of between £30 and £95.

CaixaBank awarded ‘World's Best Bank Transformation’ by Euromoney

International acknowledgement of one of the main consolidation operations in the financial sector

Curtis Banks to integrate further with platforms

Its tech team is also developing more adviser tools, though no further detail has yet been given on what these could be.

Sabadell seeks to cut 13% of workforce in Spain

The actual number of job cuts could ultimately be lower.

ING Bank Romania gross profit rises 19%

The bank's revenues added an annual 6% in the January-June periof, reaching 1.1 billion lei.

Italy state-owned bank MCC to access books on Monte Paschi assets -sources

The sources said Mediocredito Centrale was ready to take MPS branches in southern Italy

KBC Bank Ireland sells substantially all of its remaining non-performing mortgage loan portfolio

KBC Bank Ireland customers do not need to take any action as a result of today’s announcement.

OTP Bank named Hungary's best digital bank

OTP Bank says that it has always prioritized the migration to digital banking, with almost two million customers already using internet banking and mobile banking applications regularly before the outbreak.

Sainsbury's in talks to offload banking arm to private equity group Centerbridge

A deal between Sainsbury's and Centerbridge Partners, which could be worth around £200m, is expected in the coming weeks, Sky News learns.

Atom Bank reports £36 million loss

Atom CEO Mark Mullen says the bank expects to deliver month-on-month profit later this year as it bids for longer-term earnings ahead of a possible future listing sometime in 2022/23.

Lloyds Bank’s property play looks a strategic leap

The retail bank has surprisingly big aspirations in the UK’s tiny build-to-rent residential market

Retail Banking