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

Barclays Sells Portugal Assets

Both businesses, as well as operations in France, are part of Barclays' portfolio of 'non-core' businesses and assets it wants to sell or run down.

Unicredit wants to cut costs at German HVB unit

There are several possibilities to set the bank up in a leaner way and to centralise some of the non-customer facing tasks at a group level

The future of high street banking? It's time to wake up and smell the coffee

Lloyds plans to close 200 branches, but it will open 50 new ones – and visitors will be in for a surprise.

Opel Bank Expands Into Online Retail Banking In Germany

Opel currently has roughly 200,000 customers using its in-house banking service for car loans or leases.

Lloyds Bank on track for private ownership by 2016

Britain’s chancellor George Osborne said yesterday he hoped the sale of the UK government’s shares in Lloyds Banking Group will be completed within a year.

Polish banks face $6bn bill for Swiss mortgages, warns IIF

The Polish parliament’s new plan to solve the country’s Swiss franc mortgage problem could cost Polish banks $6.2bn this year, wiping out profits for 2015 and 2016, according to Institute of International Finance (IIF) research published this

Ex-Mittal Adviser Starts U.K. Bank With Wadhwani, Turner’s Help

Khosla is tapping a network of senior financiers to help build a lender that offers loans to businesses that major banks might ignore.

Deutsche Bank may sell stake in China's Hua Xia Bank

Deutsche Bank, Germany's biggest lender, is considering selling its stake in Chinese group Hua Xia Bank and divesting its retail banking activities in India, the business daily Handelsblatt has reported.

OTP Bank plans to buy Greek banks’ subsidiaries in Romania

OTP posted a consolidated profit after taxes of EUR 123 million in the second quarter of the year.

British banks outpace Euro rivals in rush to sell off unwanted loans

Lenders are pushing hard to finally shed the bad loans of the boom years

New British bank Atom confident of fresh investment

It has already raised 25 million pounds from investors and is seeking a further 75 million pounds to fund its lending, Chairman and founder Anthony Thomson told Reuters.

Posta Seeks to Redraw Hungary Bank Market With Group, CEO Says

The Magyar Posta alliance offers fresh competition for market-leading OTP Bank Nyrt., the country’s largest listed company.

Russian Banks Struggle As Economy, Retail Lending, Contract

Our sector outlook for Russian banks is negative and most banks, with the notable exception of the national leader, Sberbank, were loss-making in the first half of 2015

UK state to start selling shares in nationalized bank RBS

Treasury Chief George Osborne had earlier this year outlined plans to sell part of its stake in RBS.

U.K. Treasury Eyes RBS Privatization

Advisers sound out investors about buying shares in bank as early as this week

New British bank Atom raising 25 million pounds - sources

Atom, which will offer services online and have no branches, is one of a number of new British banks hoping to challenge the dominance of the country's biggest lenders, whose reputations have been hit by a series of scandals.

RBS ends plan to sell UAE transaction services to ADCB - sources

Royal Bank of Scotland (RBS) has ended its plan to sell its United Arab Emirates cash management and trade finance business to Abu Dhabi Commercial Bank (ADCB), sources familiar with the matter said on Monday.

RBS calls for new rules to force lenders to include fees in mortgage interest rates when advertising deals

The move is part of the bank’s drive to bring an end to price promotions.

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.