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

New bank gearing up for launch in the UK

It became FGTB in March this year and received the PRA authorisation in April.

Irish Bank Officials’ Association to rebrand itself

Group to become Financial Services Union to extend its appeal beyond traditional sector

NatWest & RBS to scrap Ex Pat mortgages

We regularly look at the demand for our products from customers and balance this with the costs and complexity of providing them safely to customers.

Hungary to finalise deal for 15% stake in Erste Bank arm

The deal was mediated by the European Bank for Reconstruction and Development, which will also buy a 15 per cent stake. The value of the purchases has not been disclosed.

RBS Chairman Says Bank Has Done More Than Others to Reduce Pay

The company passed its compensation report for 2015 with the backing of about 99.6 percent of voting shareholders.

Spanish banks close branches and cut jobs

Ignacio Soto of the UGT union, said: “We fear that the job cuts in the banking sector have not ended.”

Monte Paschi mandates Mediobanca on bad loan platform

Monte dei Paschi and Mediobanca declined to comment.

Yorkshire And Clydesdale Bank Launch Digital Challenger Bank B

UK regionals Clydesdale and Yorkshire Bank are joining the digital revolution in banking with the launch of an online and mobile-only bank dubbed B.

Intesa Sanpaolo sells two units for $1.2 billion

The deal is expected to be finalized by the end of this year and will generate a net capital gain of about EUR892 million in Intesa Sanpaolo's 2016 consolidated income statement, the lender added.

Commerzbank looks to build on gains of recent years

The deal did indeed define Mr Blessing’s time at the top — but in a way few imagined.

FBN Bank (UK) reviews strategy under new CEO

FBN Bank (UK) is set to expand its teams, not only on the front line, but also by hiring people in its risk distribution unit to assist in originating deals

Barclays Bank is now even more unpopular in Gibraltar

Gibraltar is well prepared for this, not unexpected, further failure of the Barclays business by bolstering the provision of alternative banking facilities.”

UK’s CYBG banking group to launch new digital banking platform

UK-based Yorkshire Bank and Clydesdale Bank – which together form CYBG – will launch a new digital banking platform in the coming weeks, as CYBG gets ready to become a standalone challenger bank. The new platform is called “B” and

German Bank Commerzbank Plans to Launch Own P2P Lending Marketplace Within First Half of 2016

The marketplace aims to connect SMEs seeking funding with investors.

We don't need challenger banks - there's enough competition already

And, some would argue, rightly so. But the whole point of the challenger mantra, much loved of former business secretary Vince Cable, was to provoke the incumbents to deliver a better service and better range of products.

Spanish Bank Deals in Portugal Raise Hackles

Pushback shows how nationalistic hand-wringing can create snags for cross-border financial deals

Worst is over for Hungary's battered banks - survey

Polish banks' share prices have collectively lost nearly a quarter of their value since a presidential election last May.

UK banks have yet to address the elephant in the room

With limited revenue growth opportunities, the focus on costs and quality of infrastructure appears to be one of the few critical areas within the banks’ “control”.

Pressure on UK high street banks at ‘all-time high’

Redress for past mis-selling, particularly in relation to payment protection insurance, was one of the main factors hitting profitability.

German Bank Branches Dying Off

According to official Bundesbank statistics, the number of German bank branches closing their doors increased once again last year.

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