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

Hundreds of High Street banks to close down in towns across Britain

Banks have abandoned the 'last bank in town' pledge from 2008

RBS chiefs set to cash in from float payday

Shawbrook, which is owned by the former private equity division of RBS, could announce its intention to float as soon as March 3.

Hungary to pay GE up to 615 mn euros for Budapest Bank

Hungary will pay US giant General Electric Capital Group (GE) up to 615 million euros ($700 million) to buy Budapest Bank, the country's eighth largest lender

Italy's state will not be an active investor in Monte Paschi-chairman

A government stake in Banca Monte dei Paschi di Siena does not mean a bailout of the Italian lender and the state is not expected to become an active shareholder

KBC Bank Ireland to create 100 new jobs in retail move

Chief executive says lender is on track to return to profit by 2016

Raiffeisen Bank Int'l says no merger plans with RZB

RZB is the majority shareholder of RBI and counts Raiffeisen Landesbank Oberoesterreich AG (RLB OOe) as a major shareholder.

Intesa May Consider IPO of Asset Management Unit, CEO Says

Intesa is seeking to expand its asset management, private bank and insurance businesses

Permanent TSB puts UK mortgage business up for sale

Several parties in discussions to acquire Capital Home Loans

Five banks interested in Citi's Czech retail operations -report

Citigroup Inc said in October it was pulling out of consumer banking in 11 markets, including the Czech Republic.

RBS Said to Firm Up Plan to Exit Asia Corporate Banking Business

Royal Bank of Scotland Group Plc has firmed up plans to sell or wind down its Asian corporate banking business within months, according to a person familiar with the process.

Principal Insurance secures funding from Yorkshire Bank

Loan will be used to meet expansion targets.

Expat rates: Clydesdale accounts are gradually being closed down

For savers looking for a new home for their money, the top two-year fixed rate available is just 2.03pc

RBS Exiting Corporate Debt, DCM Business in Middle East

Royal Bank of Scotland Group Plc, the U.K.’s largest taxpayer-owned lender, is exiting its corporate loans and debt capital markets business in the Middle East and Africa.

Post Office delivers rebrand for all financial products

Post Office Money seeks to assert itself as one of the UK’s biggest financial services providers by the end of the decade

Santander U.K. Said to Consider Moving Units Abroad on BOE Rules

Santander U.K. Plc has told the Bank of England new rules requiring banks to separate consumer-banking from trading activities could make it shift some operations out of the country

RBS Said to Cut 160 U.K. Commercial Banking Jobs, Hire in India

The Edinburgh-based lender announced to staff Thursday that it would cut the positions from 54 locations across the U.K., the Unite union said in an e-mailed statement. RBS confirmed the cuts in a separate statement.

Commerzbank revamps retail management in streamlining move

Commerzbank AG will remove a level of management from its retail banking structure in a move to streamline operations as the number of branches in Germany falls

Deutsche Bank mulls retail float, tie with foreign banks - source

The considerations are at a purely theoretical stage, the source said, and being undertaken in case regulators impose restrictions that erode incentives for a big investment bank like Deutsche to maintain full ownership of a retail chain.

RBS likely to scale down its presence in India, to focus on growth in UK

The British bank, in which the state holds an 81% stake following a £45-billion bailout in 2008 to remain afloat following the global financial crisis

RBS mulls sale of Asian corporate banking biz: Source

RBS took bids for its Coutts International private bank last month and raised $3 billion in September by selling shares in its US subsidiary, Citizens Financial Group Inc.

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