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

FCA, PSR: Next steps for open banking – industry reaction

The FCA and PSR have revealed plans to accelerate adoption of variable recurring payments.

Santander's Openbank stengthens presence in Germany with local ibans and loans offering

In addition to offering German IBANs, customers can now apply for personal loans of up to 24,000 euros with terms of up to 60 months.

Openbank strengthens its business in Germany with local IBAN and credit offer

Openbank will gradually further expand its product and service offerings in Germany over the year.

Santander reviews UK retail banking presence amid broader assessment, source says

Santander's review is part of a regular assessment of its major businesses, the person said speaking on condition of anonymity because they were not authorized to speak publicly.

Commerzbank explores thousands of job cuts as it seeks to fend off UniCredit, FT reports

Commerzbank did not immediately respond to a Reuters request for comment outside regular business hours.

Half of UK BNPL users unaware of late fees

In addition, 15% of BNPL users have incurred late fees, with this figure rising to 22% for those with ‘poor’ or ‘very poor’ credit scores.

Brace yourself: Europe’s payments revolution is here

This supports the region’s rapidly growing digital economy and evolving consumer demand for fast, affordable and transparent payments.

Open Banking celebrates seventh anniversary in the UK

In conjunction with the CMA Order, this made open banking a regulatory requirement in the UK.

Lloyds, Halifax and Bank of Scotland to share branches

A raft of High Street bank branches have been closed in recent years, as more people have shifted to accessing banking services online.

Societe Generale: An Unprecedented IT Merger to Create SG, A New French Retail Bank

This meant that the organisations had to consolidate their information systems to ensure company-wide standardisation.

BPM Plans Risk Transfers Tied to €4.5 Billion in Loans While Trying to Fend Off UniCredit Bid

They are part of Banco BPM’s regular issuance program for the transactions

Lloyds and Mastercard to lead new SME technology coalition with CFIT

The new packacge of funding and bank support will build on previous initiatives under CFIT that have explored options for Digital IDs and Open Finance.

BIS CPMI takes further steps to promote ISO 20022 harmonisation

These steps also provide impetus to industry-led efforts to develop ISO 20022 market practice guidelines for cross-border fast payments.

Up 82% in 2024, could NatWest shares keep rising into 2025?

NatWest shares have been among the FTSE 100’s strongest performers this year. Our writer considers why and whether he ought to get on board for 2025.

UK’s Allica Bank Tops £3B in Lending, £4B in Deposits, Will Continue to Serve Established SMEs

Surpassing over £3 billion in business loan balances – including a 64% increase this year alone, “passing £1 billion of new lending for the year in October.

Banking mergers are hot right now, but cross-border deals still face hurdles

Europe’s banking landscape is rife with talks of takeovers.

Bank of America Taps Adviser for Potential London Office Move

The hiring of the adviser is the first step in what would be a multiyear process should BofA decide to relocate.

Atom bank saves high street borrower with five-day mortgage turnaround

The case was brought to Atom bank after a high street lender had failed the broker and client involved over a three month period.

Nykredit Realkredit to acquire Spar Nord Bank for $3.5bn

The mortgage lender has decided to buy shares of Spar Nord Bank for $29.5 each.

Unwelcome in Germany, UniCredit CEO zeroes in on Italy

Its announcement in September prompted backlash from politicians, industry and unions.

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