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

Societe Generale second-quarter profit beats expectations but down 14% on restructuring costs

Philippe Heim, deputy CEO of the bank, told CNBC that it was a “solid quarter” despite some “heavy headwinds”.

SocGen's Q2 net profits dragged down by restructuring costs

Only a few months after it was announced, Global Banking & Investor Solutions’ adaptation plan has entered the execution phase.

Caceis to acquire Dutch Bank

This transaction will immediately enhance CACEIS’s ability to serve pension fund, insurance company and asset management company clients.

BNP Paribas' Q2 profits buoyed by corporate and investment banking arm

Net profit during the quarter rose 3.1% to 2.47 billion euros ($2.8 billion) out of 11.22 billion euros in revenues.

New number of shares in Handelsbanken

Following the increase

German inflation amongst market movers today – Danske Bank

The figures will give a first clue where euro area core inflation is heading in July (out tomorrow).

Natixis role clouds plan to revive Italian building industry

The source did not specify how many shares were involved in the Natixis margin loan deal but said the number could be significant.

Lloyds profits falls by 7 per cent over PPI pain

Lloyds pre-tax profits on an underlying basis fell by 1% to £4.19bn for the same period.

Deutsche Bank sets deadline for equity derivatives sale

Co-head of German lender’s bad bank expects bids in September as it seeks to dispose of assets

EIB plan for €60bn development offshoot sets scene for EU spat

Proposal pre-empts review of how bloc should co-ordinate international lending firepower

The day Deutsche's boss decided on a radical overhaul

When Deutsche Bank's offices were raided last November, Christian Sewing decided it was finally time to wrestle control of the bank back from its traders.

UK profits plunge by a third at Santander

Santander earns EUR 3,231 million in attributable profit for the first half of 2019, after EUR 814 million of charges relating primarily to planned restructuring costs

HSBC will compensate 18,000 customers for unfair debt charges

HSBC to repay more customers for historical debt fees

Deutsche Bank among the near-dead? No, but watch for Plan C

Getting cash from a quick sale of DBTC subsidiary is not how the bank’s management sees its future

Royal Bank of Scotland Great British Entrepreneur Awards finalists revealed

Now in their seventh year

Santander Asset Management launches multi-manager funds range

The firm also said that it has defined each product to fit the profile of its clients and will have control over the risks of each vehicle.

AIIB puts emphasis on international cooperation at annual meeting

There was also a series of announcements on support for new projects.

Handelsbanken's Interim Report january

Summary January – June 2019

Handelsbanken to close its branch in Poland

This, combined with changes in many customers’ behaviour and an increase in the investments needed, has resulted in the Bank deciding to discontinue its operations in Poland during 2020.

Deutsche Bank cuts tech spend as rivals ramp up digital

Even with the digital revolution in finance accelerating, technology budget for German lender that cut 18,000 jobs in revamp this month is a fraction of US banks' investments

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