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

CaixaBank opens ‘all in one’ Madrid to offer a unique financial experience

The new centre in Madrid has a team of more than 130 professionals

Lloyds makes private rental debut with new venture

Lloyds cited the disruptive impact of “many” traditional private landlords exiting the rental market and property supply as a reason for its private rental debut.

CaixaBank and trade unions reach a labour agreement for the restructuring of the bank

The agreement reinforces the rural customer assistance model.

German banks use digital smart contract to trade OTC interest rate derivative

The firms say that using smart derivative contracts not only simplifies and accelerates the complex settlement processes of OTC derivatives, it also creates an economic advantage by reducing counterparty risks and procedural uncertainties.

Lloyds to close 44 more branches

Labour union Unite described the decision as a bitter blow for customers, staff and local communities.

Sale of retail banking business in France - HSBC

The signing of an MOU for the potential sale of our French retail banking business represents a significant step in progressing the actions we announced during our strategic update earlier this year.

Santander looks to muscle into European investment banking

Spanish lender faces pressure to expand as low rates hit its retail operations

ING puts French retail bank on the chopping block

Any potential outcome of the review of ING’s Retail Banking business in France would be carried out in accordance with the social and regulatory legislation in force

Britain's five biggest banks may be in line for £5bn windfall

He estimates that nearly a quarter would 'likely' be clawed back before the end of the year.

Swedbank to build new savings platform with FNZ

The new savings platform gives Swedbank and the savings banks the technological capability and flexibility needed to meet their customers’ needs.

European Retail Banks On Verge of Mass Extinction

Revenues, their lifeblood, fell less than feared, according to Andreas Pratz, author of the study and partner at PWC unit Strategy& as well as Marcel Tschanz, partner and Head Banking Advisory PWC Switzerland, in a talk with finews.com.

BNP Paribas Fortis joins ING and KBC as ch-shareholder in loyalty platform

With this capital injection, the three banking shareholders want to give Joyn extra room to further develop its business plans.

FSC completes investment in Spanish consumer finance specialist

The Bank of Spain has approved FSC’s investment into this regulated financial services company.

Credit Agricole’s profit jumps 64%, says provisions manageable

In fixed-income trading, revenue was up 13.5%, the bank outperforming some European peers like BNP Paribas, Barclays and Societe Generale but lagging U.S. rivals.

CaixaBank to offer pre-approved credit to six million customers through combined debit/credit card

The most innovative product in the MyDreams package is MyCard, a new type of card that can be entirely customised by users based on their preferences and needs

Nationwide profits double

The mutual said that its net interest margin, a key measure of underlying lender profitability, rose to 1.21 per cent, from 1.13 per cent the previous year.

EBRD and EU join forces with Raiffeisen

This new facility is part of the Western Balkans SME Competitiveness Support Programme, to which the EBRD provides loans and the EU contributes incentive payments and technical assistance.

Stoke-on-Trent bank moves into bigger branch - a few yards around the corner

Handelsbanken has taken on the former Moore Stephens building at Festival Park

Bank of Ireland makes it easier for asylum seekers to open bank accounts

The Bank has also launched a new website hub offering practical guidance and support to asylum seekers and refugees on account opening.

TSB to offer safe spaces for domestic abuse victims in 290 branches

“Domestic abuse is everyone’s business and I urge more business to offer support and help to domestic abuse victims.”