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

NatWest boss admits ‘unexpected challenges’ for bank in 2023

Rick Haythornthwaite addressed the bank’s shareholders at its annual general meeting on Tuesday.

LHV Bank reports record growth in 2023, focusing on SME Lending and Retail Banking in 2024

Building on this success, at the start of 2023 LHV Bank broadened its offering to encompass SME lending and later in the year launched its personal savings accounts.

German Banks’ Soured Property Loans Surged in Quarter

The pain may continue as work-from-home policies reduce demand for office space.

Clearbank reports first annual profit as deposits double and customers boom

The fintech clearing bank reported a pretax profit of £18.4m last year, swinging from a £7.1m loss in 2022.

Government quietly pauses Natwest retail bidding process

Firms including AJ Bell and Hargreaves Lansdown have reportedly been in contention to handle the sale and had submitted bids to the government.

Credit Agricole says it will not fund two major LNG projects

The decision follows pressure on banks from environmental groups to shift investment dollars away from climate-warming oil and gas projects.

Santander offers £185 cash bonus for switching current account

The deal is open to new and existing customers who meet certain requirements

NatWest, HSBC, Lloyds, Santander 'summoned' by FCA over need to 'stump up'

The high street banks were called to discuss a cash injection into Open Banking Limited.

Nationwide adds British Sign language to online content

They estimate that BSL is the first language of over 87,000 deaf people in the UK, meaning that written English is inaccessible for many.

RBS: Growth in private sector activity gains momentum

A softer contraction in manufacturing output meant that the downward pressure on overall performance eased somewhat.

Instant bank transfers will soon be available across EU

The EU's 27 member states approved the law Monday

European banks promise €120bn of shareholder returns on interest rate gains

Returns via buybacks and dividends higher than any year since before the financial crisis

Lloyds Banking Group posts mixed results amid regulatory uncertainty

The bank’s net interest margin fell to 2.98%, as it faced pressure from mortgage pricing and deposit migration, while its revenue declined by 10% in the fourth quarter.

Citi Appointed as Depositary Bank for Air Astana Group GDR Program

Air Astana’s underlying ordinary shares are also listed and trade on AIX and JSC Kazakhstan Stock Exchange (“KASE”) in Kazakhstan under the symbol “AIRA”.

HSBC, StanChart to Unveil China Property Drag

A key area of risk that will be scrutinized is the impact from China’s property sector.

Commerzbank is exploring the gap among Swiss companies with an offer

The German Commerzbank has entered into an agreement with the Franco-German banking group Oddo BHF for the equity brokerage and research business in Switzerland.

Commerzbank increases net profit for 2023 to €2.2 billion

Strategy is delivering

Citi hails positive impact of banking disposal at Tesco

Tesco said it expected to rake in a further £100m after the settlement of regulatory capital amounts and transaction costs.

Poland's Bank Millennium Q4 profit falls less than expected

Quarterly net interest income, adjusted for the cost of Poland's mortgage "payment holiday" scheme, amounted to 1.28 billion zlotys

Barclays announces 20 more branches to close - full list and dates

Almost 6,000 bank branches have now closed across the country with the move accelerating