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

Santander's 123 account 'was costing £1BILLION a year'

Customers have been using the current account for their savings

RZB focuses on strengthening capital ratios

Total assets down 0.5 per cent to € 138 billion (compared to year-end 2015)

Nordea and DNB to Combine Baltic Operations

Nordea’s and DNB’s operations in the Baltics are a great match, with complementary lines of business. Nordea has built a strong position within the large corporate segment whereas DNB is strong in the SME segment.

Hungarian bank profits leap as provisions plunge

Hungary's banks, about half of which are foreign-owned, have had to contend with one of Europe's highest bank levies under Prime Minister Viktor Orban since 2010.

UniCredit Explores Sale of Polish Division

The Italian lender is said to be in talks to sell its remaining stake in Bank Pekao.

Lloyds boss 'regrets reputation damage' after private life allegations

Antonio Horta-Osorio, the boss of Lloyds Banking Group, has expressed regret over damage to done to the lender's reputation following allegations about his private life.

Swedish bank aims high as it launches second Glasgow branch

He was attracted to Handelsbanken because it offers a different way of dealing with customers.

Establishment has much to learn from new breed of retail banks

Start-ups put pressure on big groups to improve their digital services

Bill Jamieson: More banks likely to follow RBS lead on charging

Banks would charge customers for putting money on deposit

Co-op Bank considers bumping up base pay for executives to overcome bonus rules

When the bank revealed its interim results last week, complete with a £177m pre-tax loss.

Are the Chinese eyeing Lloyds Bank?

And one that is likely to be welcomed if it led to increased inward investment from China.

German Postbank scraps free accounts for millions of customers

The move underscores the pressure German banks are facing to find fresh sources of revenue

The worst is behind Raiffeisen Hungary, bank ready for growth

The bank’s total loans diminished by 18% over the last year

OTP Romania clients opt into Swiss franc conversion scheme

OTP Bank Romania set aside around RON 425 million of provisions for the conversion scheme.

Co-op bank warns Brexit fallout has put recovery plan under threat

Revealing a narrowed first-half loss of £177m, bank says the uncertain economic outlook is depleting its capital reserves

Raiffeisen Profit Drops as Asia Losses Compound Lower Income

The company also took charges on its Asian portfolio that it’s winding down.

VTB hikes underlying H1 operating income

Meticulous preparation and hard work made the transition seamless for clients, and allowed VTB to further streamline its corporate structure and achieve business synergies.

Royal Bank of Scotland to ditch "RBS" in brand shake-up

The switch is thought to be largely cosmetic.

GE gets offer for French mortgage business

The company said last year that it would sell most of the finance arm, or about $200 billion in assets.

Gloom deepens for UK savers as Santander halves rates

Santander blamed the move on the Bank of England

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