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

Nordea CEO Says Turning Point Reached as Outlook Improves

Costs are in line with the plans and credit quality remains solid.

Governor Carney shuts down the Bank of England! 300-year-old tradition of private accounts for staff is axed

Customers could withdraw money from two branded cash machines at its Threadneedle Street building.

Barclays Creates Financial Emoticons To Help Awkward Brits Talk About Money

The release of the financial emoticons comes on the back of research by the UK bank which found that just under a third of Brits would rather be out of pocket than suffer the awkwardness of asking friends and family for money owed to them.

UniCredit chief sets humble tone for the Italian bank

Mustier wants to set a new “tone from the top”. He travels economy class, except for overnight long-haul flights when he goes business class.

Santander and Legal & General Announce New Lifetime Mortgages Partnership

The arrangement has the potential to help existing Santander mortgage customers that are reaching the end of their mortgage term who may have a shortfall in repaying the capital owing on their interest only mortgage.

Shares in Italy's biggest bank went so crazy trading had to be halted

The sale has cheered investors,who have bought into shares so heavily that they were briefly halted

UniCredit sells minority stakes in Pekao, FinecoBank

Italian banks, struggling with capital shortfalls and high levels of problem loans, have become a focus of investor concern in Europe.

Bank Of Italy Says Public Money Needed To Help Banks

Italy's banks are saddled with some 360 billion euros of bad loans and their shares have been hit by heavy selling this year, which has intensified in the wake of last month's referendum in Britain.

German State Saves Struggling Bank’s Art Collection From Deaccession

The collection includes blue chip art.

Intesa Sanpaolo will not inject additional resources into Atlante -report

Intesa put 845 million euros in the 4.25 billion euro fund.

UK banks say ready to lend more after capital requirements cut

The Bank of England, which is trying to ease the hit to the economy from last month’s vote to leave the European Union, said it would lower the amount of capital banks are required to hold in reserve, potentially freeing up an extra 150 billion poun

RBS sale delayed for 'a couple of years' by Brexit share price crash

Markets can turn positive as quickly as they turn negative.

Banks need to offer more to attract savers

The squeeze on European banks’ profit margins, resulting from European Central Bank policies

Italian banks under pressure as political crisis looms

BMPS shares are veering toward a 76% slide for 2016, on course for their worst yearly loss on record.

Santander’s SME clients gain easy access to China

Tony Qiu, general manager of JD.com Worldwide, adds: “Santander Group will be a valuable and trusted ally for JD.com and retail partners."

Italy rescues Veneto Banca after EU bailout plea fails

Germany turns down Renzi’s request to ease rules during Brexit turmoil

Lloyds axes IT staff, closes 23 branches

Staffers in areas such as tech, consumer banking and retail wealth management were told that their jobs were going today.

UOB suspends London property loans programme

The UK's decision to leave the European Union has caused the pound to plunge, and raised concerns over UK property values.

RBI closes sale of Raiffeisen Banka in Slovenia

The sale agreement, which was initially signed in December 2015, constituted one of the announced steps in the implementation of RBI’s transformation program (initiated in February 2015).

Santander maintains guidance

The net impact in the quarter amounted to a charge of c.€250mn.

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