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

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.

Erste Bank Eyes Return to Profit, Solid Growth in Hungary

Jelasity said investors could now be more hopeful about Hungary's economy

New bank set up for armed forces and veterans

The Services Family is in talks with regulators to acquire a licence to offer savings accounts and give out loans.

Government puts sale of RBS, Lloyds stakes on hold after Brexit vote

The finance ministry is braced for a prolonged period of market volatility which it said would make it hard to judge if any sale would achieve value for taxpayers, according to the sources.

Deutsche Bank to shut 188 German branches, cut 3,000 staff

It will first shed almost 3,000 jobs in Germany, with 2,500 in its retail unit, while talks with employee representatives about further cuts continue, Deutsche Bank said in a statement.

Bank Austria Launches Restructuring Program, Eyes Completion by End-2018

The scheme assumes branch closures with their number to fall to 120 in the coming years from the current 200 as well as employment reduction.

Nordea CEO Pledges Dividend Growth Amid Capital Shortfall Fears

Nordea isn’t planning further adjustments in its dividend policy, according to Chief Executive Officer Casper von Koskull.

Deutsche Bank to shut 188 German branches, cut 3,000 staff

It will start closing down branches before the end of the year, with the bulk to be shut in the first half of 2017.

RBS stalls sale process of Williams & Glyn

The key reason it did not have a licence was because it did not have a robust technology platform, he said.

Italy's Banco Popolare completes share sale

Banco Popolare had initially contested the need for such a transaction

Slovenian bank profits grow, households borrow more

Loans to non-financial companies decreased by 11.3 percent with loans to households up by 1 percent.

Hungary, EBRD pay $282 mln for 30 pct stake in Erste unit

An Erste Group spokeswoman said the bank would use the full proceeds from the issuance of the new shares to boost the capital of its Hungarian unit.

RBI announces the positive effect from the takeover of Visa Europe

The expected positive effect from the cash payment of the transaction at closing on RBI’s profit before tax will be EUR 97 million and should be booked under net income from financial investments in the second quarter of 2016.

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