Managers of Wealth Europe

Deutsche Bank plans to cut nearly 1,000 retail jobs at its headquarters

The proposed cut would be nearly one in five of the staff working at its recently-combined retail arm in Germany, divided between Frankfurt and Bonn.

Deutsche Bank raises bet on Noble pulling off US$3.5b rescue plan

The bank says any purchases would be on behalf of itself, and that the tender process will increase support for the restructuring as any notes acquired would be committed to the restructuring.

Credit Bank of Moscow only Russian company in Forbes list

The Growth Champions List includes companies which have achieved maximum average annual income growth during 2014-17.

Specialized Latvian bank FinnQ entering Lithuania

FinnQ was registered in Lithuania on Aug. 3, according to the Lithuanian Center of Registers, and its authorized capitals stands at 1 mln euros.

Polish lenders Bank Pekao and Alior terminate merger talks

Kubiak did not divulge further details of the merger, which was expected to have been advanced by the end of second quarter of this year.

FCMB Bank unveils new scheme in UK

The Group Chief Executive, FCMB Group Plc, Mr Ladi Balogun, was quoted as saying at the ceremony that the launch of the new proposition was as much a statement of substance as it was one of intent.

Another Greek bank unit leaves Albania

The country’s banking system is considered well-capitalized, liquid and profitable.

Ulster Bank will look at more sales of distressed home loans

"We'll have another run through the book at that point, I wouldn't rule one out," he said.

Ulster Bank will look at more sales of distressed home loans

The bank is under pressure from European regulators to cut its stock of bad loans to around 5pc of all loans by the end of next year.

FCMB UK gets approval for personal, business banking

This is in addition to the existing wholesale deposit taking activities, foreign exchange, treasury, corporate banking and trade finance offerings to corporate and institutional customers of FCMB Bank (UK).

Challenger Bank Launches reverse mortgage in Spain

According to Ángel Cominges, CEO of Óptima Mayores, “Óptima is very pleased to collaborate with Banco BNI Europa, as it is a bank that is committed to financial innovation and is available to explore solutions that meet the need

Croatia's PBZ to absorb Veneto Banka

PBZ Group runs PBZ Card, PBZ Leasing, PBZ Stambena Stedionica, PBZ Nekretnine, and Intesa Sanpaolo Banka based in Bosnia, as well as Banka Intesa Sanpaolo in Koper, Slovenia.

‘Low’ US fine fuels hopes for RBS dividend’s return

The Edinburgh-headquartered bank reached a $4.9bn agreement in May in a move which settled the last major claim related to its conduct ahead of the financial crisis.

Allied Irish Banks reports steady profits as lowers bad loans

Irish banks are under pressure to reduce NPLs which ballooned after Ireland’s property crash

Saudi British Bank posts half-year net profit of $640m

Saudi affiliate of global banking giant HSBC says profits rose by over 14% during first half of 2018

European Challenger Bank invests in US consumer loans

This loan purchase programme was implemented by Fintex Capital

UK holidaymakers hit by £1bn of bank charges overseas

Customers are being encouraged to apply for cards with zero charges to make their holiday money go further.

Raiffeisen Bank to open new office in Romania's Timisoara

The opening of this banking agency is a first step towards the development of a financial-banking services center in the ISHO neighborhood in Timisoara, the bank added.

OTP named Euromoneyʼs ‘Best Bank’ in CEE, Hungary

The group posted a corrected, after-tax result of HUF 284.1 billion in 2017, 41% higher than a year before, OTP said.

Portugal’s Novo Banco completes sale of controlling stake in Cabo Verde bank

This was the second attempt to divest the Cape Verdean bank after having failed to sell to a group of investors led by Portuguese businessman José Veiga in 2016.

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