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

Co-op Bank to fill £1.5bn hole

The Co-operative Group has reached agreement with the City regulator that the hole in the Co-op Bank is around £1.5bn, I have learned.

NAB may spin off UK business

National Australia Bank boss Cameron Clyne says he would consider a sharemarket spin-out of the bank's British business

UK's Co-op Bank agrees $2.4 billion 'bail-in' rescue plan

Britain's Co-operative Group has agreed a plan to plug a 1.5 billion pound ($2.4 billion) capital hole at its bank which forces bondholders to pay part of the bill, avoiding a repeat of the taxpayer-funded bailouts staged during the financial crisis.

Nordea Sells Its Polish Units to PKO Bank for 694 Million Euros

Scandinavia’s largest bank, sold its Polish units to the country’s biggest lender PKO Bank Polski SA for 694 million euros ($925 million).

Government readies banks for return to private ownership

Taxpayers would not lose money as the shares would be returned to government ownership after ten years should they not rise above the floor price.

German bank employee falls asleep on keyboard, transfers millions

The bank discovered the mistake shortly afterwards and corrected the error.

15 new UK banks in five years, predicts Metro founder

“I believe there is a real opportunity for the creation of new banks that can serve the needs of individuals, communities and businesses

HSBC tops list of Europe's biggest banks

HSBC has leapfrogged France and Germany’s largest lenders

Italy's Banca Generali net inflows 246 mln euros in May

Italian asset manager said net inflows stood at 246 million euros ($322 million)in May

Alpha Bank raises enough capital to avoid nationalisation

Alpha is the first of the country's biggest banks to successfully recapitalise without falling under the full control of a bank rescue fund, which is financed from the country's international bailout package.

Financial complaints soar to record levels

If customer dissatisfaction remains at these record levels, the challenges we face are likely to continue for the foreseeable future

Ex-HSBC executive Niall Booker parachuted in to sort out Co-op

The veteran HSBC banker has been made chief executive of the struggling lender The Co-operative Bank.

Santander's Polish Unit Eyes More Takeovers

For the next 18 months, the bank's focus will be on internal restructuring and delivering synergies

Co-op reviews bank's futures as it halts new loans

The Co-op has launched a wide-ranging review into its banking business, which will address all options

Earnings Statement KBC Group, 1Q2013

Financial highlights for 1Q2013 compared to 4Q2012

Austria’s Erste Joins UniCredit in Snubbing Calls for Bad Bank

our contribution to the Austrian banking sector is fully covered

RBS warns of more jobs cut and branch closures

Banks need to get more efficient and that will mean from time to time

UniCredit net profit hits $588m

The bank, the first of Italy's retail banks to release results for the quarter, said inflows of new bad loans had fallen in its home market for the second quarter in a row.

Bank Austria Q1 net down 29 pct, loan writedowns rise

Net profit at UniCredit's Bank Austria unit fell 29 percent in the first quarter as loan writedowns in central and eastern Europe (CEE) jumped by almost a third, emerging Europe's biggest lender said on Monday.

Commerzbank loses $123M in Q1 due to restructuring

Germany's Commerzbank said Tuesday it lost 94 million euros ($123 million) in the first quarter after taking heavy charges for future job reductions as the bank tries to turn its business around.

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