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

Hungary passes new law helping borrowers, hitting banks

The legislation was backed by 167 lawmakers in the 199-member parliament.

Barclays tops British banking complaints league

Barclays received the most complaints among Britain's banks in the first half of this year, though complaints overall in the sector fell 5 per cent

Santander closing in on Unicredit's Pioneer stake

UniCredit had in 2011 considered the sale of Pioneer but dropped the idea after failing to conclude a tie-up with Eurizon Read more: http://www.dailymail.co.uk/wires/reuters/article-2765683/Santander-closing-Unicredits-Pioneer-stake-sources.html#ixzz3E6f

Aldermore Bank Plans London IPO to Raise $123 Million

Aldermore Group Plc, one of a group of U.K. lenders seeking to challenge the dominance of the nation’s big banks, said it plans an initial public offering next month.

RBS gears up for Citizens float with £5.5m payout for bosses

Bank is floating its US business at a valuation of up to $14bn

Bank Chairmen Call On BBA To Seek Mergers

The principal lobbying group for British bankers is to examine plans for a consolidation of dozens of industry trade bodies following top-level talks between the country's biggest lenders.

Sberbank denies report on plan to exit Hungary

Russian-owned Sberbank had denied rumours that it plans an exit from Hungary, Austrian economic daily Wirtschaftsblatt reported on Tuesday.

Bank of Ireland chief executive back at desk following cancer treatment

Mr Boucher joined Bank of Ireland from Royal Bank of Scotland in 2003

RBS, Lloyds plan to move after Scottish Yes vote

Scotland's financial-services industry is threatening to head for the border, with Royal Bank of Scotland and Lloyds Banking saying they plan to move to England if the country votes for independence.

Personal current accounts – who pays, who benefits? - FCA

There were around 141 million current and deposit accounts in the UK at the end of 2012, of which 94% were held with only six banking groups.

Citi to close three branches in Hungary

Citi Magyarország is closing three of its branches outside of the capital, the lender was reported saying yesterday.

Dutch Rabobank receives green light to operate in Turkey

The watchdog approved the establishment of the lender, which will have the Dutch group as the controlling shareholder, in August 2013.

RBS and Lloyds will leave Scotland if it votes for independence

Banks reveal they have made contingency plans, with the Treasury saying the move was "understandable"

Axa Wealth: Remove barriers to investing

Choice and flexibility will be key for product development with a focus on adaptability to meet the varying needs of consumers’ life stages.

Royal Group to invest $5 billion in Serbia bank

Abu Dhabi-based Royal Group is set to invest $5 billion in establishing a bank in Serbia, AMEinfo has investigated.

RBS set to raise $4bn from US listing of Citizens

RBS said yesterday it would sell 140 million shares in Citizens at between $23 and $25 each in the New York IPO, and could sell a further 21 million shares in an over-allotment option granted to the underwriters of the offer.

Lloyds Banking Group + Barclays Plc: Are LLOY and BARC the Two Best Plays in UK Retail Banking Sector?

Lloyds Banking Group plc and Barclays plc have both been tipped as being best-in-class for investors looking to take advantage of the recovery in UK retail banking names

Foreign-owned retail bank branches May Face Closure in UK Crackdown

At least seven foreign-owned retail bank branches in the UK, including some Indian ones, could be forced to close down in a crackdown on overseas banks in a bid to insulate the British economy from global crises.

Polish watchdog okays BGZ bank takeover by BNP Paribas

The offer values Poland's No.11 lender by assets at almost 4.52 billion zlotys

Two bidders in talks with UniCredit over bad loan unit-sources

The unit, UniCredit Credit Management Bank, manages more than 40 billion euros (31.51 billion pounds) of non-performing loans that belong to both UniCredit - Italy's biggest bank by assets - and to third parties.