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

Swedbank to build new savings platform with FNZ

The new savings platform gives Swedbank and the savings banks the technological capability and flexibility needed to meet their customers’ needs.

European Retail Banks On Verge of Mass Extinction

Revenues, their lifeblood, fell less than feared, according to Andreas Pratz, author of the study and partner at PWC unit Strategy& as well as Marcel Tschanz, partner and Head Banking Advisory PWC Switzerland, in a talk with finews.com.

BNP Paribas Fortis joins ING and KBC as ch-shareholder in loyalty platform

With this capital injection, the three banking shareholders want to give Joyn extra room to further develop its business plans.

FSC completes investment in Spanish consumer finance specialist

The Bank of Spain has approved FSC’s investment into this regulated financial services company.

Credit Agricole’s profit jumps 64%, says provisions manageable

In fixed-income trading, revenue was up 13.5%, the bank outperforming some European peers like BNP Paribas, Barclays and Societe Generale but lagging U.S. rivals.

CaixaBank to offer pre-approved credit to six million customers through combined debit/credit card

The most innovative product in the MyDreams package is MyCard, a new type of card that can be entirely customised by users based on their preferences and needs

Nationwide profits double

The mutual said that its net interest margin, a key measure of underlying lender profitability, rose to 1.21 per cent, from 1.13 per cent the previous year.

EBRD and EU join forces with Raiffeisen

This new facility is part of the Western Balkans SME Competitiveness Support Programme, to which the EBRD provides loans and the EU contributes incentive payments and technical assistance.

Stoke-on-Trent bank moves into bigger branch - a few yards around the corner

Handelsbanken has taken on the former Moore Stephens building at Festival Park

Bank of Ireland makes it easier for asylum seekers to open bank accounts

The Bank has also launched a new website hub offering practical guidance and support to asylum seekers and refugees on account opening.

TSB to offer safe spaces for domestic abuse victims in 290 branches

“Domestic abuse is everyone’s business and I urge more business to offer support and help to domestic abuse victims.”

Germany’s Degussa Bank selects Nets to service new digital card product

Frankfurt-based Degussa Bank and European payment services provider Nets have joined forces to create a modern, innovative consumer credit card offering in Germany.

Finastra harmonizes origination for deposits, loans and mortgages to provide a seamless digital experience

Fusion Originate merges Finastra’s best-of-breed origination solutions into a single platform

Commerz Real acquires office ensemble in Cologne

The complex, which comprises four elements, was erected between 1900 and 1967

Russia's TCS Group reports record Q1 net profit

The first quarter of 2021 brought visible improvement to the cost of risk, which fell to 4.5% from 15.9% a year earlier.

Government raises £1.1 billion from sell-down of NatWest Group shareholding

A £1.1 billion sale of part of the government’s shareholding in NatWest Group plc (formerly the Royal Bank of Scotland Group plc) has been announced today (11 May 2021).

Commerzbank agrees deal with unions on 10,000 job cuts

The bank will book provisions for additional restructuring expenses of around 225 million euros for retirement arrangements that were expanded beyond the scope of the original plan.

Lloyds closes in on £400m deal for Embark

The deal could mean major payouts for asset managers like BlackRock, who own stakes in Embark.

Lloyds Banking Group nears £400m takeover of savings group Embark

The high street lender is in talks about its biggest takeover since the government offloaded its stake in 2017, Sky News learns.

CaixaBank posts a net profit of €514 million in the first quarter

CaixaBank's income statement for the first quarter does not include the earnings generated by Bankia during the period

Retail Banking