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

Co-Op Bank Rescue Threatened By Pensions Stand-Off

The Co-Op Group is said to be demanding a cash sum of closer to GBP300.0 million for the pension scheme, according to Sky.

Italy Rules Out Winding Down Struggling Veneto Banks-Source

A spokesman for the Commission said he could not confirm the report.

KBC completes acquisition of United Bulgarian Bank and Interlease

The transaction will only have a limited impact of 0.54% on KBC’s solid capital position, keeping its CET1 ratio well above the regulatory minimum capital requirements.

Santander’s Ana Botín has no trouble playing hardball

Bank chief walked away twice before buying Banco Popular for €1

UniCredit CEO confident Italian banks will help rescue Veneto lender

I am optimistic by nature and I am in this case too.

ABN Amro IT takes share of blame for mortgage malpractice

As a result, they often had to solve things manually, causing delays in the process

Italy's banks in talks with Rome over rescuing Veneto lenders: sources

Italian banks would have to shell out 11 billion euros to protect depositors at Veneto Banca and Popolare di Vicenza if the two banks were wound down, one source said on Thursday.

Banco Santander Wins Auction to Acquire Banco Popular

A few over 30 bidders placed their bids.

Qatari and Swiss groups plot Co-op Bank bid

The current status of the discussions was unclear on Thursday, and sources cautioned that there were a series of significant hurdles to any deal being agreed.

Santander takes over ‘failing’ rival Banco Popular after EU steps in

Spanish lender to raise €7bn to fund rescue deal for Madrid-based competitor

Atom Bank postpones launch of current accounts as new rules cloud the outlook

Mullen expressed his frustration at the uncertainty clouding the market ahead of a wave of regulatory upheaval for the industry.

HSBC offering cash sweeteners to persuade staff to relocate to Birmingham

The incentive scheme offers cash bonuses of between £750 and £2,500 – dependent on seniority – to encourage staff to relocate.

Private equity groups up offer for Britain's Shawbrook bank

After carefully considering market feedback we are pleased to be able to make an improved best and final offer.

French banks seek exit from campaign finance

Bankers and politicians alike say the system only reinforces populist perceptions of banks and the political class working hand-in-glove against the interests of the people.

US hedge funds likely to stump up for Co-op bank

The repayment of a £400m bond due in September has piled pressure on the bank’s owners to find an urgent solution. Debt markets typically dry up in summer.

The 12 UK banks with the best public reputation

A new study from the Reputation Institute gives all of the UK's top retail banking players a score out of 100.

UK's Metro Bank buys mortgage portfolio from Cerberus Capital

The company has provided limited detail on terms of the transaction.

Lloyds completes MBNA acquisition

Given the transaction will enhance Group net interest margin by c.10bps per annum there will be a c.5bps benefit to net interest margin in 2017.

UK retail banks’ reputation improves but RBS, TSB and HSBC still lag, survey shows

Nationwide topped the ranking, followed by Virgin Money and Halifax

Deutsche Bank gets Polish bank sale underway

Deutsche will most likely split the business, selling portfolios of zloty-denominated mortgages, consumer loans and loans for small and medium firms.

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