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

Is this the slow death of 'free' banking?

The British have got so used to free banking that we take it for granted, but now it is at risk from death by a thousand cuts.

Germany's oldest bank: Brexit could fast-track our UK targets

Germany's oldest bank is "100%" committed to growing its business in London, despite the uncertainty sparked by the UK's decision to leave the EU.

Italy's Monte dei Paschi gets alternative rescue proposal from UBS

A bank spokesman said the two letters were part of the same proposal.

Lloyds to slash 3,000 jobs and close 200 branches

Those cuts come on top of 9,000 job losses and 200 branch closures that were announced two years ago.

Metro Bank stems losses by nearly 50%

Revenue of £46m was up 63 per cent in the second quarter compared with the same period last year.

Italy’s FinecoBank to expand to UK

It is understood FinecoBank will launch in the UK initially with current accounts, individual saving accounts (ISAs), self-invested personal pensions (SIPPs) and execution-only stock broking.

Jean-Pierre Mustier to re-set purpose and direction at UniCredit

While the accelerated sales of stakes in Fineco and Pekao signal a new style, UniCredit's returning CEO says HVB still fits with the core Italian business

Commerzbank ‘to shed more jobs’

The sources said that in recent years the division had been struggling due to weak loan demand from corporate clients and would be at the core of a new round of cost cuts by Commerzbank.

Santander Profit Dented by Restructuring Costs

Spanish bank books charges to cover branch closures and layoffs

PTSB reports first post-tax profit since 2007

The Core Bank’s NIM (excluding ELG fees) increased to 1.76%

NatWest and RBS may charge firms to hold deposits

A spokesperson for Royal Bank of Scotland, which owns NatWest, told the BBC the letter was sent to just under 1.3 million of the combined business and commercial customers of the two banks.

Virgin Money Mortgage Book Boosts First Half Profits

The bank’s results for the six months to 30 June also revealed statutory profit before tax of £93.7m, up from £55m in the first half of 2015.

Commerzbank warns of decline in capital position

The bank, which is a key lender to Germany’s Mittelstand companies, also said that its net income in the three months to the end of June had fallen almost a third to €209m, down from €307m in the same period a year earlier. Analysts had ex

Italy has 'no banking problem' says finance minister

New eurozone rules limit the use of public money to bail out banks unless investors are required to bear part of the burden, potentially restricting Rome's scope to intervene.

Santander bank to sponsor Spanish football league

Santander has what we were looking for.

Deutsche Bank may scrap planned Postbank spinoff - Manager Magazin

Germany's largest bank announced plans last year to sell its Postbank retail chain, mainly to free up regulatory capital.

Nordea CEO Says Turning Point Reached as Outlook Improves

Costs are in line with the plans and credit quality remains solid.

Governor Carney shuts down the Bank of England! 300-year-old tradition of private accounts for staff is axed

Customers could withdraw money from two branded cash machines at its Threadneedle Street building.

Barclays Creates Financial Emoticons To Help Awkward Brits Talk About Money

The release of the financial emoticons comes on the back of research by the UK bank which found that just under a third of Brits would rather be out of pocket than suffer the awkwardness of asking friends and family for money owed to them.

UniCredit chief sets humble tone for the Italian bank

Mustier wants to set a new “tone from the top”. He travels economy class, except for overnight long-haul flights when he goes business class.

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