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

OTP named Euromoneyʼs ‘Best Bank’ in CEE, Hungary

The group posted a corrected, after-tax result of HUF 284.1 billion in 2017, 41% higher than a year before, OTP said.

Portugal’s Novo Banco completes sale of controlling stake in Cabo Verde bank

This was the second attempt to divest the Cape Verdean bank after having failed to sell to a group of investors led by Portuguese businessman José Veiga in 2016.

Absa launches new branding, as Barclays ends its 100-year history in Africa

The restructuring started with halving the number of executives at the retail and business banking unit last month.

Bank of Cyprus to sell UK subsidiary for 117mln euros

It said the accounting profit from the sale is estimated at €3 mln.

Commerzbank’s head of corporate finance puts his faith in Schuldschein

Commerzbank’s head of corporate finance, Roman Schmidt, speaks to Danielle Myles about the bank’s new approach to coverage, blockchain’s investment banking potential and the Schuldschein market’s ability to reinvent itself.

SocGen to buy Commerzbank's equity and commodities arm

With a state of the art technology platform, it benefits from significant franchises in diversified and complementary segments.

Thousands of bank branches could still close costing 12,000 jobs

New research from Which? reveals that 670 branches have already closed this year or been announced to close, and 2018 could eclipse last year for closures.

Bank of Estonia sets 2018 economic growth forecast at 3.5%

Is quite natural for growth to be slower as there have been fewer unused production resources available with which to grow, and investment statistics indicate that new production capacity is only slowly being added.

FCMB’s UK Subsidiary Expands Banking Proposition

Our successful UK platform has proven to be of great importance to the Nigeria

Chetwood Financial gets £150 million from investor Elliott for ‘no hidden fees’ bank

The rationale behind the bank appears more inclusive than traditional banking has been.

Ulster Bank keeps branches ‘under review’ as cashless outlets double

Bank to update Oireachtas committee on overcharging issue that will result in €38m paidout

Virgin Money bought by CYBG for £1.7bn

Under the terms of the deal, Virgin Money shareholders will get 1.2125 new CYBG shares for every Virgin Money share they hold, and will end up owning about 38% of the combined business.

Lloyds sells £335m stake in Standard Life Aberdeen

The bank recently invited fresh bids for the contract, which is one of the biggest fund management contracts ever put up for tender in Europe.

UK to sell stake in owner of Ulster Bank

The sale of a 7.7pc stake is being managed by Morgan Stanley, Citigroup, Goldman Sachs and JPMorgan, UK Government Investments, which manages the country's RBS holding, said.

CYPRUS: To resolve non performing loans we should look to Ireland

As for setting up a secondary market or introducing securitisation, this is for the birds as they say in the UK.

British lender Hermes to home in on Irish market

The asset manager said that it could not yet confirm the size of the fund or what proportion of it would likely be spent in Ireland.

Lloyds to Sell $5.8 Billion of Irish Mortgages to Barclays

Barclays likely to sell on loans to investors, person says

Silicon Valley Bank to open office in Germany with Deutsche alumna

About 50 percent of all venture capital-backed tech and life science companies in the U.S. are among its customers. In the first quarter of 2018, the average credit volume was $23.8 billion.

The best of the best: RBI 2018 Global Awards winners revealed

It was a good night for Emirates NBD with three awards and for Royal Bank of Canada with two wins.

Commerzbank first-quarter pretax profit drops on higher costs

Stable revenues of €2.30bn (Q1 2017: €2.39bn) – revenues adjusted for exceptional items slightly higher than in Q1 2017

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