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

Deutsche Bank reduces branch network in Germany

Deutsche Bank is cutting its retail outlets in Germany from 700 to 500 as it looks to lower costs and adapt to digital banking.

Deutsche Bank Plans to Shut More Than 200 German Retail Outlets

The move comes after the bank hinted that it will face challenging conditions in the first quarter due market volatility

Italian Bank Prepares Government-Backed Bad Loan Sale

Italy and the European Commission agreed in January on a plan to help banks offload bad debts through a securitization program benefiting from a government guarantee.

Reports: U.K. to sell bank assets worth 16 billion pounds

Its deposits and branches were sold to rival lender Abbey, part of Santander, whereas its loans remained with the government.

For a Peek Into Greek Banking Mess Look at Eurobank-Nikas Ties

On Feb. 19, Nikas, with total debt of 77 million euros, said it signed an accord with some of its creditors involving loan writeoffs

NatWest tightens online banking security after hacks' 'hack' exposé

The UK bank's parent, Royal Bank of Scotland Group, is also shoring up its security.

Crédit Agricole to Refocus on Retail Banking

French bank’s revamp aims to boost earnings over the next three years

Private Banks Launch Own 'Bad Bank'

Germany's top private banking association has created its own national bank to help rescue or wind down ailing financial firms, Handelsblatt has learned.

Hungarian Bank Hits a Six-Year High as Chairman's Fund Invests

OTP shares advanced 3.4 percent to 6,602 forint by the close in Budapest on Tuesday, extending a six-day rally to 11 percent.

£10m payday for Metro Bank cashiers as stock market float pays off

Staff can expect further windfalls over the coming years depending on length of service and whether Metro Bank's share price keeps rising.

UK P2P Lender Partners With Metro Bank

This will allow the bank to lend its funds on our platform, a first of its kind in the UK

Metro Bank floats for £1.6bn

Around 70pc of the investors are American.

Italy's weak banks face ECB ultimatums as deposits ebb

They're just the most recent of the country's lenders to draw special attention from the ECB

Sale of ZUNO to the Alfa Banking Group will not be concluded

The reasoning for selling Zuno was to reduce complexity and minimize overlap within the group.

Alpha Bank Looking To Cut Staff by 20%

Alpha Bank, which operates in Cyprus since 1998, currently employs 900 people with the retirement scheme plan looking to slash that figure down to around 170 workers.

RBS's Williams & Glyn Unit Gains Importance as Dividend Obstacle

The 300-branch division, which RBS has been working to divest since 2010 has become a potential roadblock to the lender’s resumption of dividend payments.

Investment banker given top job selling off Lloyds and RBS

The stake in Lloyds has almost all been sold, with less than 10pc remaining in Government hands.

Instalment lender MYJAR receives FCA authorisation

Authorisation by the FCA means that MYJAR, which provides loans online at www.myjar.com, has been shown to meet the required criteria, which includes treating customers fairly and lending responsibly.

For some Nordic banks, boring may be better than bonuses

Handelsbanken epitomises a more conservative Nordic banking style that prioritises cost control over revenue growth.

RBS and Lloyds forecast to cut hundreds of branches

Analysts expect Britain’s biggest banks to cut costs harder in coming years, with hundreds more branches expected to get the chop