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

Barclays Hires 18 From Credit Suisse in Prime-Brokerage Push

Barclays Plc has hired 18 people from Credit Suisse Group AG’s prime-brokerage unit as the British bank continues its push to expand in the business.

Germany’s Uniper to pay for Russian gas via Russia bank account

This offers some countries a loophole to keep buying Russian gas against Western currencies.

CaixaBank posts an attributable net profit of €707 million

The pro-forma income statement shows a notable 4.3% reduction in recurring administrative expenses, depreciation and amortisation, reflecting the cost synergies arising from the merger.

Amsterdam Trade Bank, part of Russia's Alfa Bank, declared bankrupt

A statement on the DNB website said ATB depositors would be covered up to 100,000 euros ($108,000) each under the Netherlands' deposit guarantee system.

Barclays sells off half of Absa stake for £526m

The placing was made through Barclays Principal Investments subsidiary, with Absa, Citigroup, Banco Santander and Société Générale arranging the sale.

SocGen launches payment and transaction banking accelerator programme

Firms have until the end of May to apply for the six-month incubation period, during which they will get access to SocGen's expertise and the chance to try out their offerings in real-life business environments.

Santander to reallocate costs of corporate centre to business units

The change in the group's financial reporting will have a negative impact of 766 million euros ($841 million) on the country units' net interest income, a measure of earnings on loans minus deposit and wholesale funding costs.

Curtis Banks’ fintech business ‘underperforms’

“We see it as a timing issue,” Self added. “We absolutely expect this to unwind in 2022.”

NatWest: Government ends 14 years of majority ownership of bank

Government stake in NatWest reduced to 48.1%; Important landmark reached in returning the bank to private ownership; Share sale raises over £1.2 billion.

Allica Bank Acquires Over £1B in Deposits from Businesses, Individual Savers

Allica Bank has also teamed up with investment management service provider, Hargreaves Lansdown.

HSBC is shutting 69 branches - will yours be affected?

The announcement is the latest to reflect the impact of customers choosing to do more of their banking online.

HSBC sells Greek retail bank

All staff members employed by HSBC Continental Europe, Greece at completion of the potential transaction would transfer to Pancreta Bank SA as part of the sale.

Barclays EU hub loses spot as largest Irish bank

Barclays Bank Ireland swung into net profit of €195m last year

BBVA is searching for newly-graduated women to join its investment banking division

This program is aligned with the bank's diversity strategy and shows the bank's commitment to promoting female profiles in areas where they are less present.

Barclaycard to launch two new credit cards

The Barclaycard Avios and Avios Plus cards are available to new and existing Barclaycard customers.

European subsidiary of Russia’s Sberbank ‘failing or likely to fail’: ECB

Austria blocks any “withdrawal, transfer or other transaction” till March 2

Bank of Cyprus presents financial results to London-based investors

The purpose of the roadshow was not to directly result in an investment deal, it was a non-deal roadshow, but to showcase the bank’s results and performance.

Barclays Hits Record Annual Profit as Dealmakers Beat Forecasts

Barclays demonstrated a clear and sustainable path to growth over the course of 2021

Metro Bank narrows losses

Underlying revenue increased by 17%

UniCredit group reports 81% higher earnings in Romania

In 2020, UniCredit's profit on the local market had decreased by about 28.7% to EUR 94 mln.

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