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

Oliver Wyman to advise on sale of rescued Italian banks

Italy holds the largest stock of NPLs at €161 billion, or 18% of the stock – with SME loans making up 78% of Italy’s NPLs.

VTB and Russian Post to launch new retail bank

The bank is expected to begin the operations in the first quarter of this year.

HSBC to launch mass market investment advice service

It comes as Santander announced its return to the investment advice market earlier this month, and as raft of of banks are said to be eyeing the development of robo-advice services.

Metro Bank Unveils Plans For £1.9bn Float

Metro Bank's board met on Tuesday to discuss its progress towards a flotation

RBS could pay investors £15bn by 2020

The long-suffering bank’s woes could be close to an end, according to a new report from UBS, allowing its share price to rise at long last

HSBC and Barclays to quit UK mortgage trade body

The move to withdraw causes a divide in the industry as both Lloyds Banking Group and Royal Bank of Scotland remain members of the body.

Clydesdale Bank flotation approved by NAB shareholders

National Australia Bank shareholders overwhelmingly back proposal to demerge 75% of troubled British bank

Private equity sells Charter Court bank

Charter Court Financial Services, whose main business is buy-to-let loans, is being sold by Elliott Associates

Start-up banks to be given extra support

Start-up banks launching in the UK are to be given special support under plans by City watchdogs to boost competition in Britain's banking sector.

Intesa CEO Rules Out Takeover of Monte Paschi Amid Selloff

Italian lenders extended declines in Milan trading

Investment banks pitch for roles in HSH privatisation

The ship financier's owners have collected pitches from investment banks vying for roles in the privatisation by a Monday deadline

Sberbank CEO says views idea of selling stake in bank positively

The Russian government controls a 50 percent plus 1 share in Sberbank.

Big price cut looms for Clydesdale float

Investors have said that the price will have to come down by several hundred million pounds.

UniCredit plans no further assets sales after Ukraine unit - CEO

After that, "no other sales are foreseen

MALTA: Banks as restrictors or innovators

One aspect that particularly worries him going forward is Malta’s negotiating capabilities vis-à-vis certain key proposed EU measures.

Deutsche's Postbank float may be delayed by tax issues -sources

German law allows tax-free termination of domination agreements only after five years or due to "important reasons", that need to be approved by tax authorities.

Digital Bank Raises $70M In Pre-UK Move

As noted by FT, the firm was founded by Anne Boden, who was previously the chief operating officer of Allied Irish Bank

Banco Popolare, Banca Popolare di Milano in talks

Italy’s government set the scene for a sweeping consolidation of Italy‘s mutual bank sector more than a year ago passing a law which forced the banks to convert into joint stock companies by the end of 201

UniCredit: Too big to thrive?

Investors are not sold on the plan to reinvigorate Italy’s largest bank.

HSBC in 'profound' apology to customers over online banking glitches

Andrew Tyrie, chairman of the Treasury Committee, said he will be asking for an explanation.

Retail Banking