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

New bank set up for armed forces and veterans

The Services Family is in talks with regulators to acquire a licence to offer savings accounts and give out loans.

Government puts sale of RBS, Lloyds stakes on hold after Brexit vote

The finance ministry is braced for a prolonged period of market volatility which it said would make it hard to judge if any sale would achieve value for taxpayers, according to the sources.

Deutsche Bank to shut 188 German branches, cut 3,000 staff

It will first shed almost 3,000 jobs in Germany, with 2,500 in its retail unit, while talks with employee representatives about further cuts continue, Deutsche Bank said in a statement.

Bank Austria Launches Restructuring Program, Eyes Completion by End-2018

The scheme assumes branch closures with their number to fall to 120 in the coming years from the current 200 as well as employment reduction.

Nordea CEO Pledges Dividend Growth Amid Capital Shortfall Fears

Nordea isn’t planning further adjustments in its dividend policy, according to Chief Executive Officer Casper von Koskull.

Deutsche Bank to shut 188 German branches, cut 3,000 staff

It will start closing down branches before the end of the year, with the bulk to be shut in the first half of 2017.

RBS stalls sale process of Williams & Glyn

The key reason it did not have a licence was because it did not have a robust technology platform, he said.

Italy's Banco Popolare completes share sale

Banco Popolare had initially contested the need for such a transaction

Slovenian bank profits grow, households borrow more

Loans to non-financial companies decreased by 11.3 percent with loans to households up by 1 percent.

Hungary, EBRD pay $282 mln for 30 pct stake in Erste unit

An Erste Group spokeswoman said the bank would use the full proceeds from the issuance of the new shares to boost the capital of its Hungarian unit.

RBI announces the positive effect from the takeover of Visa Europe

The expected positive effect from the cash payment of the transaction at closing on RBI’s profit before tax will be EUR 97 million and should be booked under net income from financial investments in the second quarter of 2016.

Liquidator of Trasta Komercbanka recovers EUR 19.2 mln in May

The liquidator of Latvia's Trasta Komercbanka recovered EUR 19.205 million in May, according to the bank's financial report published in Latvia's government gazette Latvijas Vestnesis, informs LETA.

Raiffeisen aims to decide on merger in September

Although it is too early to give many specifics such as the rate at which shares in either company would be exchanged.

Brokers seeking buyers told to diversify income streams

A lot of advisers we speak to say they should be writing more but they’re running so fast already on the hamster wheel selling mortgages that it is difficult to jump off and look at what else is around.

Metro Bank's Craig Donaldson voted UK's highest rated chief executive

Eighteen out of 25 highest rated chief executives across north America and Europe were based in the UK.

Private & Commercial Finance keen for bank licence as profits soar

Profits in the period to March were 67% higher at £3.5mln

Nordea becomes biggest lender to Latvian corporate clients in Q1

The Riga branch of Skandinaviska Enskilda Banken had issued no loans as at the end of March 2016.

Monte Paschi Said to Seek Offers for Managing Its Bad Debts

Monte Paschi erased an earlier drop of as much as 2.9 percent and closed 0.3 percent higher at 59 euro cents in Milan trading.

ACI Worldwide Announces Collaboration with Raphaels Bank

Enables payment service providers and challenger banks to access UK Faster Payments Scheme

New UK bank, CivilisedBank, submits banking licence application

It will also offer savings and investment products to retail customers.

Retail Banking