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

Santander wants to slash 3,700 jobs in Spain: union

The planned cuts are Santander's first proposal made to unions during a meeting held on Tuesday.

Metro Bank shares continue to slide

It said it would raise the money via a share placing, with additional shares created and offered to new and existing investors.

Societe Generale targets rise in profits at its domestic retail bank in 2020

As a result of this year's transformation, SocGen now expects costs to start falling in 2020, while it sees revenues rising, boosting return on net equity to between 11.5 percent and 12.5 percent, the bank said in a presentation to investors.

Best Banks In Central And Eastern Europe 2019: Rising Demand

Banks are benefiting from accelerating economic growth in Central and Eastern Europe.

Here's How Commerzbank's Potential Suitors Stack Up in Germany

Given the hurdles to cross-border bank deals in Europe, lenders that already have a meaningful presence in Germany are well positioned because they have a greater potential for savings.

HSBC: Banking by Proxy?

It’s breeding is impeccable in a region that values pedigree almost as much as the British peerage does.

Co-operative Bank posts losses

“Another focus area this year is to fix the basics that will provide a platform for development in future years, including concluding the separation of our IT infrastructure from the Co-op Group, and we are making good headway.”

Italian banks back BlackRock's 720 million euro Carige rescue plan

The investment was carried out through the voluntary-contribution arm of Italy’s FITD depositor protection fund.

UK Bank NatWest Introduces Merchant Acquiring Service For SMBs

The service is already live with some clients, but it will be available to all merchant acquiring customers by the end of the year.

Italy's Intesa sees no benefit in seeking a European merger

"In Italy we have a big market share so we can't take any advantage from a merger with other banks," Messina added.

Hungary's OTP eyes fresh acquisitions in Balkans

The prominent Croatian daily Jutarnji List reported that OTP is interested in acquiring Austria’s Addiko Bank unit in Croatia or a unit of another Austrian group, Raiffeisen.

Spain's Bankia quarterly net profit falls but still beats forecasts

Analysts will be watching for any comments Bankia’s management make at a news conference a day after the Socialists won the elections without a majority.

Santander telephone bank customers will no longer need to use security numbers

The bank is using Phone ID and biometric Voice ID technology to make the changes, which mean customers will no longer be required to key in any personal identity or security numbers when completing telephone authentication.

Ex-Bank of Ireland executive plots UK challenger lender IPO

Cynergy Bank stems from the UK business built up by Bank of Cyprus over six decades

National Bank of Fujairah launches representative office in Antwerp

Presence in the world's historical diamond hub will complement the bank's expertise and strengthen partnership with its clients

Unicredit wealth arm backs Muzinich for multi-credit fund launch

The fund has been structured to distribute attractive coupons on a regular basis throughout the lifetime of the fund.

Merchants Bank Exposed to $414 Million Investment Loss in U.K.

Merchants Bank managed 1.96 trillion yuan of wealth-management products as of end of 2018

Revealed: how TSB’s Spanish owner Sabadell sparked IT meltdown

The role played by Sabis will feature at the heart of a report by the law firm Slaughter and May

Commerzbank chiefs start countdown to decision on Deutsche Bank merger

Commerzbank is working with Goldman Sachs and Rothschild, as well as with law firm Hengeler Mueller, sources said.

Gatehouse broadens home finance offering

The bank has also expanded its HPP offering for UK expats and international residents.

Retail Banking