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

Italy's weak banks face ECB ultimatums as deposits ebb

They're just the most recent of the country's lenders to draw special attention from the ECB

Sale of ZUNO to the Alfa Banking Group will not be concluded

The reasoning for selling Zuno was to reduce complexity and minimize overlap within the group.

Alpha Bank Looking To Cut Staff by 20%

Alpha Bank, which operates in Cyprus since 1998, currently employs 900 people with the retirement scheme plan looking to slash that figure down to around 170 workers.

RBS's Williams & Glyn Unit Gains Importance as Dividend Obstacle

The 300-branch division, which RBS has been working to divest since 2010 has become a potential roadblock to the lender’s resumption of dividend payments.

Investment banker given top job selling off Lloyds and RBS

The stake in Lloyds has almost all been sold, with less than 10pc remaining in Government hands.

Instalment lender MYJAR receives FCA authorisation

Authorisation by the FCA means that MYJAR, which provides loans online at www.myjar.com, has been shown to meet the required criteria, which includes treating customers fairly and lending responsibly.

For some Nordic banks, boring may be better than bonuses

Handelsbanken epitomises a more conservative Nordic banking style that prioritises cost control over revenue growth.

RBS and Lloyds forecast to cut hundreds of branches

Analysts expect Britain’s biggest banks to cut costs harder in coming years, with hundreds more branches expected to get the chop

French bank set to enter Kingdom

BRED was part of a $50 million syndicated loan to Acleda announced yesterday by the International Finance Corporation to be used to boost lending to small and medium enterprises, especially women-owned businesses

Metro Bank Bosses Face £4m Hit Amid IPO Delay

Dozens of Metro Bank staff will miss out on a share bonanza worth nearly £4m after market turmoil forced bosses to slash the price of the lender's forthcoming listing.

Axe looms over 400 jobs at local branches and call centres as RBS business arm is overhauled

About 400 staff in its business division have been warned that the state-owned bank is cutting staff at local branches and is also replacing dozens of call centres with just four sites.

Italian Banks Close to Merger to Create Country’s Third-Largest Lender

Tie-up follows government reform aimed at consolidating fragmented cooperative banking sector

Metro Bank risks being more challenged than a true challenger

£1.7bn flotation is bold move for a lender which needs to secure more customers and lower its costs

Lloyds Banking Group to cut 1,755 jobs and close 29 branches

Bank is looking to lower costs as it prepares for privatisation, despite George Osborne delaying sale of remaining shares to public

Oliver Wyman to advise on sale of rescued Italian banks

Italy holds the largest stock of NPLs at €161 billion, or 18% of the stock – with SME loans making up 78% of Italy’s NPLs.

VTB and Russian Post to launch new retail bank

The bank is expected to begin the operations in the first quarter of this year.

HSBC to launch mass market investment advice service

It comes as Santander announced its return to the investment advice market earlier this month, and as raft of of banks are said to be eyeing the development of robo-advice services.

Metro Bank Unveils Plans For £1.9bn Float

Metro Bank's board met on Tuesday to discuss its progress towards a flotation

RBS could pay investors £15bn by 2020

The long-suffering bank’s woes could be close to an end, according to a new report from UBS, allowing its share price to rise at long last

HSBC and Barclays to quit UK mortgage trade body

The move to withdraw causes a divide in the industry as both Lloyds Banking Group and Royal Bank of Scotland remain members of the body.

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