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

Chancellor Philip Hammond rejects RBS sell-off

But there had been hopes that part of the state-owned bank could be sold into private hands once it settled the latest claim.

Banco de Sabadell profit hit by higher provisions

Sabadell reported EUR946.9 million in net interest income, a key profit driver for retail banks

RBS puts another $3.8 billion aside for US mis-selling claims

The huge provisions, which will be included in the bank's results for the fourth quarter of 2016.

Ireland’s banks find moment of respite beyond ‘life or death’ struggles of old

A clear out of bad debt and a recovery in loan demand have left remaining high street lenders in better shape

Lloyds bank accounts targeted in huge cybercrime attack

Banking group says none of its 20m accounts were hacked or compromised after fending off two-day denial of service attack.

Bank of China officially opens branch in Serbia

Bank of China will make further contribution to China's Belt and Road Initiative through its financial services.

Italy presents the European Union’s new bank-rescue rules with their first big test

For Italian banks to turn a page, Monte dei Paschi di Siena must be sorted out

RBS considers accepting multi-billion pound legal hit over mortgage bond mis-selling probe

Edinburgh-based bank among the final few global lenders yet to settle in a years-long US investigation that’s garnered more than $50bn

We Still Plan a Flotation

The plans have since been put on hold due to volatile market conditions.

Al Rayan Bank launches Scottish buy-to-let property finance

Muslims represent just over 1% of Scotland’s population.

Sale of Bradford & Bingley mortgages enters final stages

Only one UK lender Paragon Bank has made it through to the last round of bidding

Co-op Bank accelerates non-core sale as crunch year looms

City sources said that both the Co-op Bank's new management team and industry regulators viewed the auction as a priority transaction.

Taxpayer no longer the biggest shareholder in Lloyds Bank as Government sells down stake

The Treasury said all proceeds from the sales are used to reduce the national debt.

Lone Star enters final talks to acquire Novo Banco

Bank of Portugal to negotiate offer amid continued interest from other bidders

Metro Bank announces £1bn small business support fund for 2017

Bank lent £544m to businesses over 2015 and £551m in the first three quarters of 2016 alone

Monese raises $10 mln for European launch

Investment into Monese represents Korea Investment Partners’ first investment in a European startup.

The European Union Is Bailing Out Banks Again

So it is solvent. Isn’t it?

Sale of small Italian banks to UBI delayed at Commission's request: sources

UBI has expressed an interest in buying three of the lenders

KBC Group acquires United Bulgarian Bank and Interlease

The acquisition will have a very limited impact on KBC’s solid capital position (-54 basis points), keeping the CET1 ratio (3Q16: 15.3%) well above regulatory minimum capital requirements.

One Nordea – New Legal Structure

The banking business in Denmark, Finland and Norway will be carried out in branches of Nordea Bank AB (publ).

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