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

Lloyds' 2019 profit sinks after £2.45bn PPI charge

The Group implemented the amendments to IAS 12 Income Taxes with effect from 1 January 2019

Intesa kicks off Italian bank consolidation with $5.3 billion bid for UBI

If the offer is successful Intesa would quickly delist UBI and merge with it, aiming to complete the transaction by the end of the year.

Under new chief executive Alison Rose, the lender also announced plans to hand over

£600million to the Government, which currently owns a 62% stake in the bank

German Commerzbank reports decline in net profit for 2019

Commerzbank reported that customer business "remained healthy growing" on the basis of growth in customers and assets.

CaixaBank net profit beats expectations

Demand deposits grew to €189.6 billion (+8.8% in 2019). T

Spain's Bankia sees further decline in lending income in 2020, shares fall 3%

Shares in Bankia reversed earlier gains and were down 3.5% at 0903 GMT following Alvear’s comments.

RBS boss Alison Rose plotting to axe thousands of NatWest jobs

RBS has 65,000 staff, about one- third in retail banking.

Italy's Banca IFIS rules out M&A as it unveils new plan to boost profit

Italy’s loan recovery market is under pressure to consolidate after years of stellar growth fed by a 200 billion euro ($222 billion) banking clean-up, as lenders were forced to shed loans that turned sour due to a deep recession.

TSB to open new IT centre in Edinburgh

A new services agreement will see IBM build and manage TSB’s private cloud environment, running services across TSB’s core banking platforms with all of the infrastructure being operated and managed by IBM under supervision by TSB.

Danske Offers 2,000 Employees Option to Quit Amid Cost Focus

Danske under investigation in $222 billion Estonian scandal

HSBC starts process to offload French retail operations

The HSBC divestiture, if materialised, would offer the acquirer access to nearly 230 retail branches and the France deposit base of HSBC.

Italy in EU talks over Popolare Bari rescue plan- Economy Minister

The biggest bank in the south of Italy was put under special administration by Bank of Italy in December.

Fledgling British bank Starling flies to Dublin

Felim O’Donnell, another former AIB staffer, joined Starling International in September as chief operating officer from Liberty IT, a technology subsidiary of US insurer Liberty Mutual.

Germans Hold a Record? 6.6 Trillion in the Banks

The DZ Bank study covers bank deposits, cash, bonds and money market instruments, stocks, funds, insurance, retirement benefits and other financial contributions.

Italy plans to sell its Monte Paschi stake by 2021

At stake is the approximately €5.4bn ($6bn) Italian taxpayers contributed to rescuing Monte Paschi as well as the Siena-based lender’s future as a viable private institution.

Russian Government Considers Buying Sberbank

The finance ministry said later on Thursday that Siluanov was referring to the overall issue of buying the central bank's stake in Sberbank but not to using the NWF money.

EIB Approves EUR 15 mln Loan to JSC Liberty Bank

The new management believes that Liberty Bank is well positioned to promote financial inclusion across the country, given its unparalleled coverage of Georgia that extends to even the most remote locations of the country.

TSB disaster chief goes back to Spain

Tech boss recalled to Sabadell amid probe by watchdogs

Italian life firm acquires market competitor

From Prudential Financial to strengthen its distribution in the country

HSBC and First Direct down with customers unable to use internet banking

Tens of thousands of HSBC and First Direct customers are unable to access their money this evening due to an unspecified fault with the website and apps

Retail Banking