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

Deutsche and Commerzbank: why Berlin is backing a merger

Rumoured for a decade, the move to combine Germany’s two largest banks now has political backing

Ulster Bank staff cuts fear over wind-down of units

It is planning another sale of distressed home loans in the second half of 2019, following the successful disposal of a €1.4bn non-performing portfolio to American private equity investor Cerberus last year.

Positive RBS International Annual Results 2018

RBS Internationalincreased its total operating costs by 19% to £260m to support its larger and more independent business structure.

Closure of bank branches and cash machines ‘cutting off’ parts of Scotland

Consumer group Which? is calling for a regulator for cash access to be appointed

Nationwide takes IT investment hit as profits fall

This investment is to ensure we can continue to meet our members’ changing needs in an increasingly digital future.

SocGen To Shrink Trading Unit, Cuts Targets After Market Rout

Bank sees fixed-income, commodities, currency trading down 29%

French bank BNP Paribas lowers targets after weak fourth quarter

Net profit was slightly above market expectations at 1.44 billion euros, compared with an expected 1.41 billion euros, and marking a marginal increase from fourth quarter net profit of 1.43 billion euros a year earlier.

Britain's Metro Bank hit by fraud attack

The news of the fraud attack follows a turbulent few weeks for Metro, an upstart retail bank founded in Britain in 2010 by U.S. businessman Vernon Hill.

ABN Amro says no to mortgages for Dutch expats outside Europe

One bank client who worked as an asset manager for ABN Amro itself, was refused a mortgage because the bank could not be sure of the source of her income

REFILE-German regional state backs savings banks' bid for NordLB

German savings banks on Thursday decided on a plan for the recapitalisation of NordLB, pitting them against a joint bid by private equity groups Cerberus and Centerbridge.

TSB suffers first full-year loss as IT fiasco costs weigh on profit

Bank paid compensation and waived fees when customers were left without account access

Santander profits drop amid cost pressures

The bank’s total operating income also dropped, coming in at £3.6bn compared with £3.8bn the previous year.

UniCredit ordered to tell clients about breach of mobile bank accounts

The incident has been closed and resolved both with clients and competent authorities,” the bank said.

Expat buy to let mortgage rates cut again

Equally, weak prices which reflect Brexit uncertainty present a strong buying opportunity for expatriate buy to let buyers in the UK.

Santander to close 140 branches across the UK

The bank said that more customers habits have changed and are using “online and mobile channels” more and more which has created less visitors to their branches.

RBS buys stake in technology start-up

The bank is aiming to take on new digital-only challenger banks.

Chetwood Financial gets full UK banking licence and new cash

This news come with Chetwood’s latest consumer lending product, LiveLend Reward Loan – “the dynamic loan”, which adapts the lending rates as the consumer’s lending score improves.

Sociéte Générale’s Contemplated Sale of Euro Bank to Bank Millennium

Sociéte Générale will continue to provide corporate and investment banking services in Poland through its Global Banking and Investor Solutions business

State-owned German banks end merger talks as buyout firms circle

Frankfurt-based public lender Helaba terminates discussions with state-owned NordLB

HSBC leaves customers waiting for data reforms

HSBC will be subjected to extra monitoring and, if the situation deteriorates, an external consultant could be appointed to oversee the process.

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