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

KBC Bank Ireland sells substantially all of its remaining non-performing mortgage loan portfolio

KBC Bank Ireland customers do not need to take any action as a result of today’s announcement.

OTP Bank named Hungary's best digital bank

OTP Bank says that it has always prioritized the migration to digital banking, with almost two million customers already using internet banking and mobile banking applications regularly before the outbreak.

Sainsbury's in talks to offload banking arm to private equity group Centerbridge

A deal between Sainsbury's and Centerbridge Partners, which could be worth around £200m, is expected in the coming weeks, Sky News learns.

Atom Bank reports £36 million loss

Atom CEO Mark Mullen says the bank expects to deliver month-on-month profit later this year as it bids for longer-term earnings ahead of a possible future listing sometime in 2022/23.

Lloyds Bank’s property play looks a strategic leap

The retail bank has surprisingly big aspirations in the UK’s tiny build-to-rent residential market

NatWest and Mastercard extend payments app to almost half of UK mobile banking users

When a consumer is paying on mobile or desktop, they can simply click the PbBa button at checkout.

UK neobank Kroo receives banking licence

Kroo's current product range - a prepaid debit card and app - enables customers to easily create groups with friends, track spending, and split and pay bills quickly and securely.

ING bank reports better than expected $2.5 billion Q2 pretax profit

Primary customer base rose by 281,000 in 2Q2021 to 14.0 million.

Greece’s Piraeus Bank Optimistic for the Future

This progress resulted in core pre-provision income of €0.5bn in H1.21, up 18 percent year on year.

BlackRock attracts the highest level of gross fund sales

LGIM second for retail sales

Commerzbank reports second-quarter loss

“We have kept our Common Equity Tier 1 ratio stable despite the high one-time write-off and restructuring expenses,” Bettina Orlopp, chief financial officer of Commerzbank said in a statement.

ABN Amro to offer mortgage discounts on energy efficient properties

Existing and new mortgage clients receive the rate cut if they make their homes more sustainable after the start of a fixed-interest period and if they register their energy label - provided it is either A or B - within 24 months.

BNP Paribas Group: Results as at 30 June 2021

The meeting was chaired by Jean Lemierre, and the Board examined the Group’s results for the second quarter 2021.

CaixaBank posts an adjusted net profit of €1.28 billion

Attributable net profit, which includes Bankia’s contribution only from the second quarter onward, came to €4.2 billion

Lloyds Banking Group records £2bn profit after pandemic slump

Bank announces one of biggest acquisitions and restart of dividend payments

Garanti BBVA once again named 'Best Retail Bank' in Turkey and Europe

The executive also noted Garanti BBVA's advances around the financial health of its customers, a new priority for the entity and which it complements with the best mobile banking technology.

Mediobanca to resume dividends after profit tops forecasts

Mediobanca is bidding for Deutsche Bank’s financial adviser network in Italy, according to a source close to the matter.

Challenger bank buys Fleet Mortgages for £50m

Anne Boden, Starling’s chief executive, called the acquisition the start of its move into mortgages as an asset class.

Tesco Bank to close all current accounts

The bank says it will now focus on serving its five million-plus customers across a range of banking and insurance products.

Solarisbank raises EUR190m; buys Contis

The firm recently migrated its full tech stack to the AWS cloud and moved all partners to its entirely self-developed core banking system.

Retail Banking