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

Lloyds Bank takes another £1bn hit from PPI scandal

It was forced to take a further charge after the Financial Conduct Authority earlier this year proposed extending the deadline for PPI claims to June 2019.

Swedbank Beats Estimates as Third-Quarter Profit Jumps 23%

Sweden’s biggest mortgage lender generated more revenue

Atom Bank in top 10 of world's best innovators in finance

Durham firm has made the Fintech 100 for the second year running and is the UK's highest ranked business

ABN Amro takeover talks have started, though Nordea says they'll be put on ice until after the Dutch elections

The Dutch government, which owns the majority of ABN Amro's shares, had previously dismissed the possibility of a takeover in the wake of the media reports.

French banks, retailers team up to launch online payment app

Over time, they hope it will attract more.

Monte Paschi Jumps as Board Presses Ahead With Business Plan

The bank, based in Siena, Italy, has said it’s readying a third share sale in two years

Bank branches closing faster in Scotland than rest of UK

Over the same period, the number of branches in England fell by 5%

Sweden's Handelsbanken profit beats forecasts

In this year’s capital assessment, the Swedish Financial Supervisory Authority deems that Handelsbanken’s requirement for common equity tier 1 capital at the end of 2016 corresponds to a common equity tier 1 ratio of 21.1%

UniCredit to sell stake in Pekao

Poland's government is seeking to increase its control over the country's banking sector as part of its broader ambition of having more say in the economy.

Scottish National Investment Bank could support 50,000 jobs and save billions

Economists and trade unionists have backed the idea, which it is claimed could be a major driver for jobs through long-term, low-interest loans for investment.

Banif Bank could be just the beginning – Al Faisal managing director

This investment consists of the acquisition of Portuguese shares in the Malta branch

Challenger banks to hold first post-Brexit Treasury talks

The bosses of smaller banks will meet the City Minister to discuss post-Brexit industry reforms

Four bidders vying for UniCredit's asset manager Pioneer

UniCredit seeks to raise around 3 billion euros from the sale of Pioneer.

Russia's Development Bank Plans to Expand Representative Office in China

Russia's Bank for Development plans to expand its representative office in China while making some layoff in some other missions abroad, VEB Chairman Sergey Gorkov said on Friday.

ING to announce thousands of job cuts

The bank has doubts about its presence in Turkey, where it lacks scale, according to the report.

Zagrebačka Banka to Change Owners?

Insiders claim that the largest bank in Croatia has already been visited by foreign auditors which are supposed to make a preliminary analysis.

BPI bank closes another 25 branches, continuing sector trend

Portuguese bank BPI is to close 25 retail branches across the country, adding to the 27 branches it closed in the first half and continuing a streamlining trend apparent throughout the Portuguese banking sector. Following the branch closures and based on

Retail Banking