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

Spanish banks switch from survival to expansion

In the shadow of Boadilla del Monte, to the west of Madrid, lies a purpose-built complex that would put most bank headquarters to shame.

RBS sells £1.1 billion loan book for £400m

The loan book is to be acquired by an entity funded by Deutsche Bank and funds affiliated to Apollo Global Management with completion expected in September.

Lloyds to set out dividend plans ahead of share sale - sources

Lloyds' potential dividend yield and prospects for special one-off payouts would be a big part of the stock's appeal to retail investors, many of whom look for shares to provide income.

Greek Eurobank EFG to buy Alpha Bank branches in Bulgaria

The deal will require regulatory approval in Greece and Bulgaria

More Spanish banks to be swallowed up

High costs and low returns could soon spur a new wave of consolidation in Spain’s banking industry

Lloyds Bank share disposal nets Treasury £550m as sell-off picks up pace

The taxpayers’ stake in the bailed-out bank now stands at just below 15pc

Call is made for North East to get share of any profits made from Northern Rock assets

Former Northern Rock assets are bringing in billions to the Treasury and rumoured to be subject of a sell-off

Greek banks could stay shut for a month, says PM

Banks may not reopen until deal with eurozone is finalized; bill on tough bailout deal goes to parliament

Lloyds Bank to 'derecognise' its staff's biggest union

Lloyds Trade Union, representing more than 25,000 staff, accuses bank of seeking revenge for its recent actions on pensions and equal pay

Barclays may undertake acquisitions to accelerate split of retail arm

Barclays may acquire another bank as part of its plans to ringfence its retail operations, while setting up its investment bank as a standalone unit.

High street banks beating new entrants for consumer trust

Consumers still trust traditional high street banks more than alternatives such as supermarket banks, challenger banks or technology companies, according to research from MoneySuperMarket.

Barclays leak reveals 30 more branches to close between now and October

They show that the bank has earmarked more than 30 branches for closure between now and October.

Russia’s Promsvyazbank Agrees to Acquire Samara-Based Pervobank

OAO Promsvyazbank, Russia’s 11th largest lender by assets, agreed to buy Samara-based Pervobank as a looming recession and high interest rates accelerate consolidation in the country’s finance sector.

UK plans to sell half of RBS stake over two years

Government likely to make loss on £16 billion investment

Yorkshire Bank to invest £1m in flagship branch

Yorkshire Bank is investing more than £1m in a new flagship branch in Leeds as part of a multi-million pound plan to upgrade its high street locations.

Barclays eyes narrow new UK bank as rivals take different path

Barclays is planning to set up a smaller separate UK bank than rivals as British lenders finalise how to restructure to meet new rules designed to give greater protection to savers and taxpayers.

German asset manager to buy most old Volksbanken assets

German asset manager will buy Immigon's Volksbank Invest Kapitalanlagegesellschaft and Immo Kapitalanlage units

Banco Santander Takes Bigger Stake in U.S. Loans Business

This year Santander became the only foreign-based bank to fail the stress test in the U.S. on two occasions.

KBC acquires Volksbank Leasing

Volksbank Leasing Slovakia is a universal leasing company ranked 7th on the Slovak leasing market

UK sells more of Lloyds bank stake, $19.5 billion raised so far

Lloyds said on Thursday that Britain's finance ministry had reduced its stake to 15.9 percent, from 16.9 percent, in a further step towards its full privatisation which is expected next year.

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