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

Santander Q4 net profit rises 8-fold

In the fourth quarter alone, the bank achieved an attributable and underlying profit of €2,275 millio

Swedbank shares hit by interest income dip

Analyst notes from Credit Suisse and JP Morgan cited the miss on interest income as a reason for the share price reaction.

NatWest signs up to Good Business Pays campaign

The Good Business Pays campaign aims to get businesses paying not just on time, but working towards payment when small fast.

CaixaBank posts a recurring profit of €2.36 billion

The Board proposes a dividend of €0.1463 per share against 2021 profit

Grupo Mutua and CaixaBank agree on the terms for the extension of their strategic alliance to the old Bankia network

The agreement will allow for the expansion of the distribution of Non-Life insurance to six million retail customers acquired as part of the Bankia integration.

UniCredit beats 2021 guidance

Strong capital and liquidity position, with FY21 stated CET1 ratio at 15.03 per cent, pro-forma CET1 ratio at 14.13 per cent [1] and organic capital generation of €6.52 billion

Commerzbank Q4 weighed down by provisions at Polish mBank unit

The additional sum, which translates to around 436 million euros, brings provisions for Germany’s No. 2 bank to around 600 million euros.

Strategic review of retail banking business models

The Retail banking sector performs a vital role in the economy. There are around 100 million current accounts (PCAs) and 5.6 million microbusiness accounts in the UK, and retail deposits total around £1.5 trillion. Retail lending is a key driver of

ING France retail buyer will get part of €266M-a-year income business

ING France operates both retail and wholesale banking, and ING will retain the wholesale business.

Allica Bank joins the APPG for Challenger Banks and Building Societies

Allica Bank is one of the UK’s top fintechs dedicated to serving SME businesses, with a focus on reimagining relationship banking for SMEs, by combining modern, powerful technology with local relationships in the community.

Italy's Pop Sondrio to explore all options after shedding mutual status

Under Italian rules, the mutual status gives shareholders one vote each regardless of the size of their stake, diminishing the appeal of stakebuilding.

Santander races to claw back £130million after Christmas Day blunder

The bank accidently made double payments to 75,000 businesses and individuals from its own reserves and is working to get it back.

Staff at BNP’s Italian bank stage first strike since 1990s

BNL said that 29.8 per cent of its employees joined the strike.

Alpha Bank agrees sale of bad loan portfolio to Hoist Finance

Greek banks have been working to reduce a pile of about 30 billion euros in bad loans, the legacy of a decade-long financial crisis which shrank Greece's output by a quarter.

UK bank branch numbers have almost halved since 2015, analysis finds

4,735 branches have shut or been earmarked for closure in last six years according to consumer group Which?

UK lender allows homebuyers to borrow seven times salary

Habito’s mortgage terms could revive wider concerns over responsible lending practices

ING to exit retail banking in France

ING is currently exploring the feasibility of an agreement for its client portfolio with third parties.

BNP Paribas reached an agreement with BMO for the sale of Bank of the West

The Transaction is expected to formally close during the course of 2022, upon customary condition precedents

Irish retail banks subject to most restrictive variable pay conditions in EU

Bank staff disadvantaged compared with those working in global big tech and fintech

Major UK banks to roll out shared banking hubs

The retreat from the high street has led to significant concerns over access to cash for vulnerable and older people who still rely on notes and coins in their daily lives.

Retail Banking