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

Commerzbank Quarterly Profit Falls 84%

Commerzbank, which increased capital for the fifth time in four years in May to repay the state aid from 2009, is grappling with souring loans in shipping and commercial real estate.

Northern Rock owner repays £1.9bn to taxpayers

The main driver for this was lower arrears and, as such, a reduced loan impairment charge.

Unicredit reports profit plunge

Italy's top bank, UniCredit, reported on Tuesday a net profit of 810 million euros in the first six months of 2013, down 25.2 percent from the outcome for the same period last year.

Hedge funds threaten Co-op Bank rescue

Bondholders are key to the Co-op's rescue

Barclays adds nine more banks to work on share sale

Barclays had appointed nine more banks to work on its 5.8 billion pound ($8.9 billion) share sale, taking the size of the total syndicate to 14.

Italy's Banca IMI posts net profit of €271m - mid-year report

Intesa Sanpaolo Group's Banca IMI has posted total inflows of €685m in first half of 2013.

RBS names McEwan as CEO after swinging to H1 profit

Royal Bank of Scotland said Ross McEwan will take over as its new chief executive in October, just over a year after he arrived to run its retail bank, as the state-backed bank reported a return to profit in the first half of the year.

Lloyds Banking Group enjoys increase in underlying profit

Core underlying income was up 6 per cent with accelerated core loan book growth in second quarter.

Allied Irish Banks trims H1 loss to 758 mln eur

Loan to deposit ratio fell to 106 percent at end-June, core tier 1 ratio 15.1 percent

SocGen second-quarter profit more than doubles

Quarterly net income soared to 955 million euros (837.50 million pounds) from 436 million in the year-ago period, while revenue slipped 0.6 percent to 6.23 billion, the bank said on Thursday.

Danske Bank's quarterly losses mount

Lloyds Banking Group said it expects to meet its targets on cost savings, capital strength and margins earlier than expected

BNP Paribas eyes Germany push after earnings slip

French bank BNP Paribas unveiled a plan to boost its presence in relatively resilient Germany after fresh cost cuts failed to offset sliding earnings in markets like Italy in the second quarter.

BBVA earns €2.88 billion in the first six months

Diversification allowed us to navigate a complex crisis while maintaining the strength and recurrence of our revenues.

Santander profit jumps on lower debt set-aside

The number was in line with analysts' expectations.

Barclays Cuts Back In Spain

Barclays Bank is shutting 18 branches in Andalucia as part of a move to reduce by 35% the number of branches it has in Spain

Watchdogs back Co-op's £219m Royal London deal

Financial watchdogs have approved a planned £219m deal by the Co-operative Group to sell its life insurance and asset management arm.

Santander launches Help to Buy equity loan solely via intermediaries

Santander has launched its first range of Help to Buy equity loan mortgages, which are available solely through intermediaries.

ICICI Bank to close two of its 11 branches in UK

ICICI Bank, the largest private sector lender in the country, is set to close a couple of its branches in the UK.

Lloyds Banking Group Explores Selling Australian Units

The U.K.Government Backed Lender is seeking cash to fill capital deficit

Italy's Intesa Sanpaolo in talks to sell Ukrainian lender -source

Italy's biggest retail bank Intesa Sanpaolo is in talks to sell its Ukrainian subsidiary Pravex-bank

Retail Banking