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

Finastra harmonizes origination for deposits, loans and mortgages to provide a seamless digital experience

Fusion Originate merges Finastra’s best-of-breed origination solutions into a single platform

Commerz Real acquires office ensemble in Cologne

The complex, which comprises four elements, was erected between 1900 and 1967

Russia's TCS Group reports record Q1 net profit

The first quarter of 2021 brought visible improvement to the cost of risk, which fell to 4.5% from 15.9% a year earlier.

Government raises £1.1 billion from sell-down of NatWest Group shareholding

A £1.1 billion sale of part of the government’s shareholding in NatWest Group plc (formerly the Royal Bank of Scotland Group plc) has been announced today (11 May 2021).

Commerzbank agrees deal with unions on 10,000 job cuts

The bank will book provisions for additional restructuring expenses of around 225 million euros for retirement arrangements that were expanded beyond the scope of the original plan.

Lloyds closes in on £400m deal for Embark

The deal could mean major payouts for asset managers like BlackRock, who own stakes in Embark.

Lloyds Banking Group nears £400m takeover of savings group Embark

The high street lender is in talks about its biggest takeover since the government offloaded its stake in 2017, Sky News learns.

CaixaBank posts a net profit of €514 million in the first quarter

CaixaBank's income statement for the first quarter does not include the earnings generated by Bankia during the period

Virgin Money hit by one-off costs despite return to profit

That helped Virgin Money report a 72 million pound pre-tax profit, compared to a 7 million pound loss a year before.

TSB returns to abandoned high streets with network of pop-up branches

The majority are based in locations where it takes customers longer than 20 minutes to travel to their nearest TSB branch.

‘Agile’ Hampden & Co posts strong growth

During the year the bank raised an additional £10 million from shareholders to support continued balance sheet growth, ongoing costs and regulatory requirements.

Handelsbanken’s Interim Report January – March 2021

An additional sustainability goal is that the Bank aims to reduce the wealth gap that exists today between men and women.

Caixabank to shed over 8000 staff

CaixaBank is planning over 8000 job cuts and the closure of 1530 branches following its merger with Bankia.

Bank of Ireland embraces hybrid working model

Bank of Ireland is far from alone in making changes to where people work.

Barclays to shut down Pingit on 30 June

Barclays has writen to customers confirming the closure of Pingit from 30 June, when users will no longer be able to use the app to send, receive or make payments.

HSBC to move 1200 UK call centre staff to permanent home working

Its main two remaining call centres are in Leeds in northern England and Hamilton, Scotland.

HSBC’s painful retreat from France

Private equity firm Cerberus set to swoop on lender’s ‘fallen angel’ retail network

CaixaBank begins brand unification in its retail branch network following Bankia merger

The extent of the network's penetration together with its digital capabilities - with 10 million digital customers in Spain - will allow it to continue to improve customer experience.

Portugal's Novo Banco agrees to sell Spanish retail network to Abanca

The Lisbon-based bank - which emerged from the ruins of Banco Espirito Santo as part of a state rescue in 2014 - has sold its international assets in France, Asia and Cape Verde.

Dublin-based Depha bank posted €79.4m loss before sale deal

German state bad bank sold business to Bawag, which will continue the orderly winding down of the business

Retail Banking