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

Union Bank of India and KBC Asset Management ink deal

The transaction, which is still subject to regulatory approval in India, will have no impact on the joint venture’s client positions and product portfolio.

RBS spin-off Williams & Glyn applies for banking licence

Challenger bank set to appear on the high street next year and float by the end of 2016

Santander mulls return to investment advice market

The Spanish bank's UK arm is looking for new sources of growth as its current account boom could start to slow down

Danske Bank sells personal customer business in Lithuania and Latvia to Swedbank

Business banking operations to be strengthened

Portugal's Central Bank Halts Novo Banco Selloff

Central bank postpones long-running sale after failing to agree price for bailed-out lender

European Banks Use Online Platforms to Find Borrowers

Firms such as Zopa and Smava link lenders with people who want cash

Barclays in talks to sell Italian network and mortgages

Barclays has also shortlisted two undisclosed banking institutions

Ex-Barclays boss Bob Diamond aims to snap up Zambia bank at bargain price

He had originally planned to float Finance Bank of Zambia on the London Stock Exchange

Italy urges banks to seize chance to merge, boost capital

In an bid to counter the fragmented nature of Italy's banking system, where most banks are small and local, the government passed a law in March to make it easier for large cooperative lenders to be taken over.

HSBC rebrands UK arm

More changes at the top of Tungsten; Dan Loeb’s online research

Barclays Sells Portugal Assets

Both businesses, as well as operations in France, are part of Barclays' portfolio of 'non-core' businesses and assets it wants to sell or run down.

Unicredit wants to cut costs at German HVB unit

There are several possibilities to set the bank up in a leaner way and to centralise some of the non-customer facing tasks at a group level

The future of high street banking? It's time to wake up and smell the coffee

Lloyds plans to close 200 branches, but it will open 50 new ones – and visitors will be in for a surprise.

Opel Bank Expands Into Online Retail Banking In Germany

Opel currently has roughly 200,000 customers using its in-house banking service for car loans or leases.

Lloyds Bank on track for private ownership by 2016

Britain’s chancellor George Osborne said yesterday he hoped the sale of the UK government’s shares in Lloyds Banking Group will be completed within a year.

Polish banks face $6bn bill for Swiss mortgages, warns IIF

The Polish parliament’s new plan to solve the country’s Swiss franc mortgage problem could cost Polish banks $6.2bn this year, wiping out profits for 2015 and 2016, according to Institute of International Finance (IIF) research published this

Ex-Mittal Adviser Starts U.K. Bank With Wadhwani, Turner’s Help

Khosla is tapping a network of senior financiers to help build a lender that offers loans to businesses that major banks might ignore.

Deutsche Bank may sell stake in China's Hua Xia Bank

Deutsche Bank, Germany's biggest lender, is considering selling its stake in Chinese group Hua Xia Bank and divesting its retail banking activities in India, the business daily Handelsblatt has reported.

OTP Bank plans to buy Greek banks’ subsidiaries in Romania

OTP posted a consolidated profit after taxes of EUR 123 million in the second quarter of the year.

British banks outpace Euro rivals in rush to sell off unwanted loans

Lenders are pushing hard to finally shed the bad loans of the boom years