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

First Bank completes takeover of Bank Leumi Romania

First Bank received Romania's anti-trust body's nod for the deal in June, two months after it announced plans to acquire 99.9235% of Bank Leumi Romania for an undisclosed price.

Bank of Ireland sells UK credit card portfolio to London startup Jaja for £530m

The finance firm said it wanted to become a key player in the UK credit card market and that this move was part of a wider strategy to do that.

Britain's HSBC to help modern slaves 'rebuild lives' with bank access

Banks usually require proof of address and identity documents, like passports, to open accounts, which can exclude victims of slavery and trafficking who may have had these documents confiscated or live in safe houses.

RBS expects capital boost from Saudi bank merger

RBS said the merger would increase its Common Equity Tier 1 capital ratio--a key measure of balance-sheet strength--by 60 basis points compared with its position as of March 31.

'Bad bank' repays £50bn bailout loan

Northern Rock imploded when the credit crunch struck, as it was then deprived of cash on the international money markets, which it had used as a source of funds to lend to homeowners.

Why Capital Group has no time for 'big name stars'

Raising the group's profile in the UK

Tesco Bank exits mortgage market

The sale process will remain confidential until a transaction is confirmed and the bank said there would be no changes to customer accounts as a result of the lender’s exit from the mortgage market.

Metro advisers rake in £13m fees

The banks did not agree a minimum price for the underwriting, lessening their risk of ending up with unwanted stock.

Danske dumps $4.5bn in kroner as part of bank’s hedging plan

Danske’s assets are equivalent to roughly 1 1/2 times Denmark’s gross domestic product.

Metro Bank’s woes are a warning: watch the metrics

When a single number becomes all important investors should be wary

Santander wants to slash 3,700 jobs in Spain: union

The planned cuts are Santander's first proposal made to unions during a meeting held on Tuesday.

Metro Bank shares continue to slide

It said it would raise the money via a share placing, with additional shares created and offered to new and existing investors.

Societe Generale targets rise in profits at its domestic retail bank in 2020

As a result of this year's transformation, SocGen now expects costs to start falling in 2020, while it sees revenues rising, boosting return on net equity to between 11.5 percent and 12.5 percent, the bank said in a presentation to investors.

Best Banks In Central And Eastern Europe 2019: Rising Demand

Banks are benefiting from accelerating economic growth in Central and Eastern Europe.

Here's How Commerzbank's Potential Suitors Stack Up in Germany

Given the hurdles to cross-border bank deals in Europe, lenders that already have a meaningful presence in Germany are well positioned because they have a greater potential for savings.

HSBC: Banking by Proxy?

It’s breeding is impeccable in a region that values pedigree almost as much as the British peerage does.

Co-operative Bank posts losses

“Another focus area this year is to fix the basics that will provide a platform for development in future years, including concluding the separation of our IT infrastructure from the Co-op Group, and we are making good headway.”

Italian banks back BlackRock's 720 million euro Carige rescue plan

The investment was carried out through the voluntary-contribution arm of Italy’s FITD depositor protection fund.

UK Bank NatWest Introduces Merchant Acquiring Service For SMBs

The service is already live with some clients, but it will be available to all merchant acquiring customers by the end of the year.

Italy's Intesa sees no benefit in seeking a European merger

"In Italy we have a big market share so we can't take any advantage from a merger with other banks," Messina added.

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