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

HSBC Looks to Unload French Retail Bank

The move to reduce its footprint in Europe would be one of its first strategic actions under new interim Chief Executive Noel Quinn

BNP Paribas plans bid for Deutsche Bank's equity derivatives

Deutsche Bank plans to auction its equity derivatives portfolio next month having received significant expressions of interest from banks, private equity firms and hedge funds, the sources told Reuters.

The European race to provide real-time payments

As financial services players consider their options for instant payments, reachability will be key.

Deutsche Bank to extend hiring squeeze to thousands of temporary workers

New policy could be 'unwieldy' for a sector that requires flexibility when hiring, says one recruiter

Commerzbank discussing more job cuts: newspaper

Shares in Commerzbank were up 1.3% in early Frankfurt trade.

Lendable launches Luxembourg fund with Credit Suisse

The lending platform said the new structure will target British consumers.

Commerzbank mulls branch closures as part of broader strategy review

The Frankfurt-based bank is weighing the closures as part of a broader strategy review.

Bank of China coming to Greece this year

Bank of China is the world’s fourth largest bank by assets behind three other Chinese banks, with nearly $3 trillion.

Hampden posts first-half growth as uncertainty hits London market

Mr Hartop, who noted Hampden’s client base now stands at around 3,000, said: “I guess part of it is that a lot of jobs will be potentially impacted [by Brexit] and obviously it is a lot more [of a] cosmopolitan population down there.

Woes of Metro Bank show how exposed businesses are to a liquidity trap

There have been sporadic examples of this coming back to bite those who have — unwittingly or not — exposed themselves to greater risk than they might ordinarily want.

RBS named UK’s worst bank as Metro Bank comes out on top

Majority-taxpayer owned lender given lowest rating for customer service and branches

Commerzbank posts flat net profit in Q2, helped by low taxes

We are continuing on our growth path and are making significant progress in our customer business.

Staff at Bank of Ireland accuse bosses of 'reneging' on trackers

Now Bank of Ireland has dug its heels in and told the 200 staff and ex-staff it will not be giving them tracker rates or compensating them.

UniCredit Shares Fall on 2Q Results

The Italian bank, which is in the last months of its three-year strategic plan, said that it now sees revenue at 18.7 billion euros

German Challenger Banks Target Firms as Competition Heats Up

Deutsche Bank started a digital bank targeting similar market

Brokers concerned about lenders pulling back

Even firms that used to be looking for lending all the time, it feels like they are looking for a reason to reject it.”

RBS hands Treasury £1bn in dividends as profits surge

The bank says Brexit uncertainty is continuing to hold back demand but it maintains its full year guidance to investors.

Sberbank dodges Brexit risks by opening Cypriot London branch

“If the company loses its ability to ‘passport’ freely into EU countries, it would be prevented from accessing its EU-domiciled clients,” explained Sberbank UK chief in the filing.

Sberbank dodges Brexit risks by opening Cypriot London branch

If the company loses its ability to ‘passport’ freely into EU countries, it would be prevented from accessing its EU-domiciled clients,” explained Sberbank UK chief in the filing.

Platforms may be forced to favour high net worths due to incoming 10pc rule

Official statistics indicate that most UK adults do not have this amount of money to invest, which could effectively bar them from certain platforms.

Retail Banking