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

Intesa to cut costs and close branches in strategy shift

Chief executive aims to boost insurance and asset management

Nordic fight to host Nordea heats up as rumours of Sweden departure swirl

Some of the attractions of moving to Finland for Nordea could be softer capital requirements as well as more stable fees for resolution and deposit guarantees.

Ireland’s Linked Finance gains FCA approval

The approval comes as Ireland’s Department of Finance kicks off a public consultation into the regulation of P2P lending.

Sberbank of Russia to Start Accepting JCB Cards

Sberbank has the largest POS terminal network in the country.

Italy's Veneto banks may need more private capital

It's a problem because the state cannot cover the losses, an Italian government.

RBI posts consolidated profit of € 220 million

Profit after tax increases 86.1 per cent

Bank Of Ireland Wins Global Retail Banking Award

All winners were selected by an independent judging panel and by Retail Banker International editorial team members.

Lloyds bank 'back in private hands after Government sells final stake'

At its peak, Lloyds was 43% owned by the state after the Government spent £20.3 billion of taxpayers' cash to bail it out during the banking crisis.

Al Rayan Bank Opens New London Office

Al Rayan Bank’s real estate asset book now exceeds £1.2bn

Seylan Bank raises US $ 75mn to expand small and medium enterprise lending

This is a significant moment for the bank. It is the first time that we have partnered with three globally recognized and respected DFIs, an investment fund and a regional bank.

Russian bank VTB beats forecasts with $488 mln Q1 profit

It has seen its financial performance recover in recent quarters as the Russian economy is gradually emerging from a deep slump linked to weak oil prices.

Litigation funder bought by banking giant in £31m deal

Close Brothers, which posted pre-tax profits of £131.4m for the six months ending 31 January 2017, describes itself as a group focused on building ‘leading positions’ in the specialist markets in which it operates.

Co-op Bank close to bolstering balance sheet

A sale is still on the cards after it received several offers last month

UniCredit Beats Estimates as Mustier's Cleanup Takes Hold

The bank is targeting 4.7 billion euros of net profit in 2019 in a strategy focused on shedding bad loans

KBC posts profit on higher lending, deposits

Our lending and deposit volumes as well as our assets under management continued to grow in the first quarter 2017.

Italy’s Mediobanca sees profit jump as net interest income, fees rise

Its Texas ratio, a measure of bad loans as a proportion of capital reserves.

The second wave of challenger banks

ClearBank’s core banking technology and API has been developed in accordance with ISO 20022 and is purpose-built for simple access through a single connection to multiple payment options.

Bank of Ireland UK offers support to local companies Scaling for Growth

The programme forms part of the Learn Grow Excel suite of private sector business support provided by the Northern Ireland Chamber of Commerce and Industry to local businesses.

Norway's sovereign wealth fund backs RBS new remuneration policy

We commend the Board's willingness to challenge conventional thinking on remuneration, the fund said in a statement.

RPT-Commerzbank gets one-off boost as core business struggles

The lender has launched a 6 billion euro loan offering for small- and medium-sized companies as it seeks to benefit from growing loan demand in anticipation of rising interest rates.