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

ING sees quick sales in Asian insurance break-up

ING is also preparing to list its European and U.S. insurance units on stock markets as part of the restructuring that will break apart its once fashionable bancassurer business model.

Italian bank loans to business fall again

Meanwhile, Italian banks' holdings have risen more than 100 billion euros since before the first ECB tender.

Commerzbank Warns on Profit

Commerzbank said profit in the second half will probably be lower than in the first six months of 2012 as slowing economic growth leads to higher loan-loss provisions.

Why London bankers are shrugging off Standard Chartered threat

Money managers in the City of London react to the U.S. allegations that Standard Chartered hid money tied to Iran: Everyone does it.

Banca Aletti posts positive H1 results

"In a complex macroeconomic environment with very high volatility we managed to achieve significant results at the end of the first half. We are very satisfied," said chief executive Maurizio Zancanaro.

Old Mutual profit up on S.African bank strength

Old Mutual, which runs insurance, banking and asset management businesses in about 30 countries, made an adjusted pretax operating profit of 791 million pounds ($1.24 billion) in the first six months of the year, it said on Wednesday.

Morgan Stanley ups exposure to Euro peripherals, shorts France

After factoring in reduced hedges, the bank had $4.18 billion in net exposure to those nations, up 73 percent from its $2.41 billion in exposure at March 31.

Pre-Tax Profit Tumbles At KBC Group‎

Good commercial results surpassed by impairment charges recorded on remaining divestments.

Banca IMI's net profit jumps on trading gains ‎

Income from other activities of 683 million euro, an increase of 51.3% compared to the results as at 30 June 2011

UK ministers eye nationalising Royal Bank of Scotland-FT

Ministers are discussing a potential full nationalisation of RBS, which is already 82 percent owned by the government, to help boost business lending to companies.

Euro banking giant eyes MidEast opportunities

It is the largest bank by market capitalisation in the euro zone and the largest financial franchise in Latin America.

NBAD eyes potential Egypt units buy from French banks -CEO

The bank insists that assets are priced attractively, that it is able to secure a controlling stake and the operations are a strategic fit to its existing business.

Societe Generale profit hit by write-downs‎

SocGen is "confident" it will hit its end-2013 target of a Basel III core Tier 1 ratio of between 9 and 9.5 per cent, Chief Executive Frederic Oudea said in a statement.

BANCO SANTANDER CHILE announces second quarter 2012 Earnings

The prudent management of the Bank's capital ratios and high profitability has permitted the Bank to continue paying attractive dividends without issuing new shares since 2002.

BBVA Profit Plunges as Loss Provisions Soar‎

As of June 2012 and in accordance with international accounting criteria, BBVA had set aside €1.43 billion of the provisions related to real estate and included in the new legislation.

HSBC Malta reports interim pre-tax profit of €53 million

HSBC Bank Malta plc came in with a “positive set of results” to June 30, reporting a pre-tax profit of €53 million, up six per cent over the first half of last year, and a “strong” return on equity of 17.8 per cent.

Major French lenders to seek escape from Euro-exit risk

In a retreat, French banks, especially BNP Paribas SA (BNP) and Credit Agricole SA -- the largest by assets -- are trying to make their businesses in Italy, Spain, Greece, Portugal and Ireland less reliant on funds from the parent company.

HSBC to finally get 23 RBS branches

The Reserve Bank of India's approval for staggered takeover, branch allocation to be outside annual allotment exercise

Austria launches sale of Kommunalkredit ‎

The bank, formerly owned by Oesterreichische Volksbanken and Dexia , was split up into a healthy part Kommunalkredit Austria and a "bad bank" called KA Finanz.

Deutsche Bank to Raise Capital With Risk Cut

Deutsche Bank AG (DBK), Germany’s biggest bank, said it will reduce risk to meet a 2013 capital-ratio goal after second-quarter profit missed analysts’ estimates on expenses tied to a weaker euro.

Investment Banking