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

Hungary's OTP eyes fresh acquisitions in Balkans

The prominent Croatian daily Jutarnji List reported that OTP is interested in acquiring Austria’s Addiko Bank unit in Croatia or a unit of another Austrian group, Raiffeisen.

Spain's Bankia quarterly net profit falls but still beats forecasts

Analysts will be watching for any comments Bankia’s management make at a news conference a day after the Socialists won the elections without a majority.

Santander telephone bank customers will no longer need to use security numbers

The bank is using Phone ID and biometric Voice ID technology to make the changes, which mean customers will no longer be required to key in any personal identity or security numbers when completing telephone authentication.

Ex-Bank of Ireland executive plots UK challenger lender IPO

Cynergy Bank stems from the UK business built up by Bank of Cyprus over six decades

National Bank of Fujairah launches representative office in Antwerp

Presence in the world's historical diamond hub will complement the bank's expertise and strengthen partnership with its clients

Unicredit wealth arm backs Muzinich for multi-credit fund launch

The fund has been structured to distribute attractive coupons on a regular basis throughout the lifetime of the fund.

Merchants Bank Exposed to $414 Million Investment Loss in U.K.

Merchants Bank managed 1.96 trillion yuan of wealth-management products as of end of 2018

Revealed: how TSB’s Spanish owner Sabadell sparked IT meltdown

The role played by Sabis will feature at the heart of a report by the law firm Slaughter and May

Commerzbank chiefs start countdown to decision on Deutsche Bank merger

Commerzbank is working with Goldman Sachs and Rothschild, as well as with law firm Hengeler Mueller, sources said.

Gatehouse broadens home finance offering

The bank has also expanded its HPP offering for UK expats and international residents.

Deutsche and Commerzbank: why Berlin is backing a merger

Rumoured for a decade, the move to combine Germany’s two largest banks now has political backing

Ulster Bank staff cuts fear over wind-down of units

It is planning another sale of distressed home loans in the second half of 2019, following the successful disposal of a €1.4bn non-performing portfolio to American private equity investor Cerberus last year.

Positive RBS International Annual Results 2018

RBS Internationalincreased its total operating costs by 19% to £260m to support its larger and more independent business structure.

Closure of bank branches and cash machines ‘cutting off’ parts of Scotland

Consumer group Which? is calling for a regulator for cash access to be appointed

Nationwide takes IT investment hit as profits fall

This investment is to ensure we can continue to meet our members’ changing needs in an increasingly digital future.

SocGen To Shrink Trading Unit, Cuts Targets After Market Rout

Bank sees fixed-income, commodities, currency trading down 29%

French bank BNP Paribas lowers targets after weak fourth quarter

Net profit was slightly above market expectations at 1.44 billion euros, compared with an expected 1.41 billion euros, and marking a marginal increase from fourth quarter net profit of 1.43 billion euros a year earlier.

Britain's Metro Bank hit by fraud attack

The news of the fraud attack follows a turbulent few weeks for Metro, an upstart retail bank founded in Britain in 2010 by U.S. businessman Vernon Hill.

ABN Amro says no to mortgages for Dutch expats outside Europe

One bank client who worked as an asset manager for ABN Amro itself, was refused a mortgage because the bank could not be sure of the source of her income

REFILE-German regional state backs savings banks' bid for NordLB

German savings banks on Thursday decided on a plan for the recapitalisation of NordLB, pitting them against a joint bid by private equity groups Cerberus and Centerbridge.

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