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

Lloyds Banking Group scrapes profit after $1.75 billion COVID-19 provision

Lloyds is viewed as a bellwether for the British economy, as the country’s largest provider of home loans and one of its biggest backers of businesses.

32 banks incl BNP Paribas, Crédit Agricole go live on blockchain for interbank reconciliations

The permissioned solution uses R3’s enterprise blockchain Corda which enables only the two participating banks to share the transactions with each other.

AIB joins coronavirus loans scheme weeks after main NI banks

Most of that has been customers seeking repayment holidays.

Swedbank sees first loss since 2009 on fine, coronavirus

Meanwhile, the coronavirus raises the prospect of loan losses and credit impairments for banks, as businesses shut their doors and lay off staff.

Russia’s central bank closes deal to sell Sberbank to finance ministry

The deal had been discussed for several months but has now been rushed through as a way of pumping through more cash from the National Welfare Fund into the budget in the midst of the economic meltdown caused by the double whammy of the collapse of oil pr

Metro Bank announces criteria changes

For applications with bonus, commission or overtime income, 50 per cent of the bonus, commission or overtime averaged over the past two years will be used in the affordability assessment, and the past two years’ P60s will be required as evidence.

Citi, Morgan Stanley join European banks in pausing job cuts

The need for steep cuts at European banks is more acute, where such measures are a major piece in their plans to restore lacklustre profitability or bolster shareholder payouts

The future of retail banking: trends and outlooks

Challenger banks are still finding their business models and Open Banking services have hardly become mainstream yet.

UK to raise contactless card payment limit to 45 pounds in April

Consumers who need to spend more than 45 pounds will still be able to use chip & pin cards and contactless payments via mobile phone, which are not limited because they use biometric technologies to verify the presence of cardholders.

Metro Bank faces backlash over refusal to introduce fraud prevention measure designed to stop people losing millions to bank transfer scams

Confirmation of Payee is being rolled out over the next month by banks

Defunct bank's art sells for almost €65,000

The first collection of artworks in the online sale owned by the National Irish Bank were sold by Whyte's auction house last December, and made €30,000.

RBS to provide extra £350m cash help to small firms hit buy Coronavirus

Loan support will be added to additional help in Brexit impact fund

Handelsbanken chief executive heads list of powerful women in Sweden

The list has been published in connection with International Women's Day every year since then, and served as a barometer of the roles where women have succeeded in making it to the top.

BNP Paribas emits governance-centered ESG index

BNP Paribas' involvement with ESG and their focus on G incentivizes companies' governance behavior and motivates them to put more emphasis on maintaining a risk-management strategy.

RBS switch scheme to be reformed

Eleven small banks including Metro, Starling, Santander, Co-operative and TSB have signed up

Banco Santandar Brasil Sells Superdigital to Banco Santandar Spain

This is yet another initiative that strengthens the Santander Brasil´s ecosystem, bringing even more synergy between the businesses, providing expansion of the portfolio of products and services with a focus on the continuous improvement of service

Lloyds share price: Lloyds profits fall 33%, but there is a silver lining

The bank has had to deal with its fair share of problems in that time, from the fallout over the 2016 Brexit vote, lower interest rates, as well as more provisions in respect of PPI.

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

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