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

‘Nowhere to hide’ for Spain’s new megabank as it hunts for profits at home

Head of combined CaixaBank and Bankia says negative rates will be challenge even after Covid is over

Santander to close 111 branches across the UK this summer - see if yours is affected

The lender confirmed all outlets will close by the end of August - but said the majority of those affected are less than three miles from another Santander branch

OakNorth Bank reports £78 million pre-tax profit

In addition to this, the Bank has only had a cumulative ten defaults since inception, six of which have been resolved with 100% recovery and it has therefore, had no loan write-offs to date.

Garanti BBVA unveils account aggregation for businesses, SMEs and freelancers

The service allows them to easily and quickly view the amounts debited and credited to their non-BBVA accounts.

HSBC in Talks to Sell French Retail Bank to Cerberus

“Discussions are still ongoing and are expected to be for some weeks to come, and these may or may not lead to a transaction,”

Santander launches savings and investment calculator

Research carried out by Santander shows more than a quarter of people want to improve their financial know-how as a result of the pandemic.

NatWest winds up standlone lending business Esme Loans

Esme Loans, NatWest's standalone digital lending platform for SMEs is being wound up as the pandemic takes its toll on the UK's small business community.

Need for EU bank option undeniable

Investors will applaud Bank of Ireland’s pragmatism but the shopkeeper without a local bank will wonder how many more challenges this world will bring them, their employees, or their customers.

ING to exit Austrian retail market

ING has been active in the Austrian retail banking market since 2003.

Bank of Ireland to close 103 branches

Bank of Ireland attributed the closure of its branches mainly to the growth of digital banking among its customers.

Commerzbank to exit Hong Kong, Luxembourg in restructuring

The number of correspondent banks will be reduced to about 1,300 from about 1,600 globally.

Commerzbank to lose 1.7 million clients by 2024 - Welt am Sonntag

Commerzbank declined to comment.

Banks are back with handouts to lure in new customers

If you are tempted to switch accounts for the promise of free money or wine, weigh up the costs

ING to leave Czech retail banking market by end-2021

ING has been present in the Czech retail banking market for more than 20 years, offering savings accounts and mutual funds.

Raisin and Aviva launch savings partnership

Throughout the pandemic, the savings rate has soared with £225bn sitting in non-interest bearing deposits.

NatWest posts pre-tax loss of £351m and announces exit from Ireland

The bank will wind down its under-performing Irish arm Ulster Bank, after concluding it would not achieve sustainable returns.

If Ulster Bank leaves, consumers will be the big losers

Departure of retail bank would amplify the dearth of competition for Irish customers

Investec to terminate retail structured products offers

The firm will not launch any further retail structured product plans for the UK retail market from April, launching its last set of new plans between 15 February and 1 April.

EBRD and Intrum invest in Piraeus Bank’s NPE portfolio in Greece

The portfolio was acquired through a special purpose company

Ulster Bank's exit from Ireland means €20bn cash will have to be given back to customers

Danske Bank and other deposit takers that have left Ireland, it’s likely that Ulster Banks will ask its customers to make alternative banking arrangements.

Retail Banking