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

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.

Clydesdale Bank flotation approved by NAB shareholders

National Australia Bank shareholders overwhelmingly back proposal to demerge 75% of troubled British bank

Private equity sells Charter Court bank

Charter Court Financial Services, whose main business is buy-to-let loans, is being sold by Elliott Associates

Start-up banks to be given extra support

Start-up banks launching in the UK are to be given special support under plans by City watchdogs to boost competition in Britain's banking sector.

Intesa CEO Rules Out Takeover of Monte Paschi Amid Selloff

Italian lenders extended declines in Milan trading

Investment banks pitch for roles in HSH privatisation

The ship financier's owners have collected pitches from investment banks vying for roles in the privatisation by a Monday deadline

Sberbank CEO says views idea of selling stake in bank positively

The Russian government controls a 50 percent plus 1 share in Sberbank.

Retail Banking