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

Sale of German mortgage bank Westimmo enters next phase

Blackstone, KKR and Apollo have also expressed their interest in the mortgage bank

Berlin will not consider Commerzbank stake sale until 2016 -magazine

Commerzbank was one of the highest-profile casualties of the global financial crisis, with the German government spending around 18 billion euros ($24 billion) to bail it out.

United Arab Emirates to open bank in Serbia

This is the first green field investment in Serbia’s banking sector since 2008

Challenger bank Aldermore gearing up for float

Fast-growing retail lender set to break the summertime lull for listings with stock market flotation in coming weeks

Cambridge University's bank lending local businesses soars into profit

The bank predicts that its profit performance will accelerate

RBS Hands Millions of Pounds in Shares to Top Executives as EU Bonus Cap Looms

Under new EU rules, due to come into force in 2015, banks will only be able to pay out annual bonuses worth the equivalent of a year's salary of the employee receiving one

Rate Hikes Spur Competition For Offshore Savings

For the rest, rates stay the same.

Secure Trust eyes four-fold bank expansion

Challenger bank Secure Trust is looking to more than quadruple in size over the next five years, chief executive Paul Latham says.

China Merchants Bank hedges bet over UK licence

Chinese bank also in talks with Luxembourg regulator in case of UK exit from European Union

KBC opens up its fourth banking hub in Ireland

The branch is open from Monday to Friday between 9am and 5.30pm with late opening on Thursday until 7pm and Saturday opening from 10am - 2pm.

Commerzbank profit doubles as it reduces bad assets

Commerzbank, Germany's second-biggest bank, said Thursday (Aug 7) that its net profit more than doubled in the second quarter thanks to favourable results in its retail banking operations and lower risk provisions.

Barclays moves 1.6 million Isa savers on to lower interest rates

More than a million savers who hold Isas with Barclays are set to see their returns drop as the bank announced it is moving them all on to a product with a lower interest rate.

CMA consults on improving UK retail banking

The Competition Markets Authority is consulting on improving competitions among UK retail banking sectors to meet the needs of small- and medium-sized enterprises.

RBS sells corporate portfolio to UniCredit Tiriac Bank, will exit Romania

RBS Romania’s client portfolio consists of over 500 middle size and large private companies, local and international, as well as public and financial institutions. UniCredit Tiriac Bank will also take over RBS Romania’s staff.

Goldman Sachs, Deutsche Close to Acquire NBG's Buyout Firm

This figure is a third less than the Greek bank’s original investment in the firm.

UniCredit Tiriac Bank H1 net profit drops 42 pct to RON 121.3 mln

The bank’s net operational profit also increased to RON 379.9 million (EUR 85 million) in the first half of 2014, up 10.5 percent year-on-year.

Credit Agricole Net Falls 98% on Banco Espirito Santo

Credit Agricole SA, France’s third-largest bank by market value, said profit was almost wiped out in the second quarter on charges tied to its stake in Portugal’s bailed-out Banco Espirito Santo SA.

Portugal Announces $6.6 Billion Espirito Santo Rescue

Portugal’s central bank took control of Banco Espirito Santo SA, once the country’s largest lender by market value, in a 4.9 billion-euro ($6.6 billion) bailout that will leave junior bondholders with losses.

Santander named Best Bank in Western Europe and in five of its key markets

Euromoney said it believes Santander is “unique” in having a credit rating higher than its domestic sovereign

Caixa named Best Bank for technology and innovation

Caixa Bank, Spain’s leading bank by market share, has been named the World’s Best Retail Bank for Technology Innovation for the second consecutive year by the British financial magazine Euromoney.

Retail Banking