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

China Merchants Bank hedges bet over UK licence

Chinese bank also in talks with Luxembourg regulator in case of UK exit from European Union

KBC opens up its fourth banking hub in Ireland

The branch is open from Monday to Friday between 9am and 5.30pm with late opening on Thursday until 7pm and Saturday opening from 10am - 2pm.

Commerzbank profit doubles as it reduces bad assets

Commerzbank, Germany's second-biggest bank, said Thursday (Aug 7) that its net profit more than doubled in the second quarter thanks to favourable results in its retail banking operations and lower risk provisions.

Barclays moves 1.6 million Isa savers on to lower interest rates

More than a million savers who hold Isas with Barclays are set to see their returns drop as the bank announced it is moving them all on to a product with a lower interest rate.

CMA consults on improving UK retail banking

The Competition Markets Authority is consulting on improving competitions among UK retail banking sectors to meet the needs of small- and medium-sized enterprises.

RBS sells corporate portfolio to UniCredit Tiriac Bank, will exit Romania

RBS Romania’s client portfolio consists of over 500 middle size and large private companies, local and international, as well as public and financial institutions. UniCredit Tiriac Bank will also take over RBS Romania’s staff.

Goldman Sachs, Deutsche Close to Acquire NBG's Buyout Firm

This figure is a third less than the Greek bank’s original investment in the firm.

UniCredit Tiriac Bank H1 net profit drops 42 pct to RON 121.3 mln

The bank’s net operational profit also increased to RON 379.9 million (EUR 85 million) in the first half of 2014, up 10.5 percent year-on-year.

Credit Agricole Net Falls 98% on Banco Espirito Santo

Credit Agricole SA, France’s third-largest bank by market value, said profit was almost wiped out in the second quarter on charges tied to its stake in Portugal’s bailed-out Banco Espirito Santo SA.

Portugal Announces $6.6 Billion Espirito Santo Rescue

Portugal’s central bank took control of Banco Espirito Santo SA, once the country’s largest lender by market value, in a 4.9 billion-euro ($6.6 billion) bailout that will leave junior bondholders with losses.

Santander named Best Bank in Western Europe and in five of its key markets

Euromoney said it believes Santander is “unique” in having a credit rating higher than its domestic sovereign

Caixa named Best Bank for technology and innovation

Caixa Bank, Spain’s leading bank by market share, has been named the World’s Best Retail Bank for Technology Innovation for the second consecutive year by the British financial magazine Euromoney.

Banco Santander H1 Profit Rises - Quick Facts

Banco Santander SA, the largest bank in Spain, Thursday reported a rise in first-half profit despite a slight decline in net interest income.

Santander eyeing Barclays Spanish unit, unclear if adds value

Barclays is in the middle of a restructuring and banking sources previously said it was sounding out buyers for its retail operations in the country.

Barclays banks on money savings perks to keep current account customers

Bank rules out paying interest on current accounts as its boss claims the reason so few customers switch is because they are "happy"

Santander profit jumps on economic revival in Spain, Britain

We are on the path for sustained growth regarding profits

Germany's Commerzbank 'plans more cost-cutting'

A bank spokeswoman only told AFP that "as part of the regular review of business processes, Commerzbank plans restructuring measures within Finance".

Raiffeisen shifts Russia focus to retail - CEO in paper

One cannot sacrifice all ethical and moral standards for the sake of business

Banca Generali Q2 net up 37 pct

Italian asset manager Banca Generali a 37 percent increase in second-quarter net profit to 49.6 million euros ($66.6 million) boosted by rising assets under management and higher fees.

Meet the banker hoping to turn around the UK’s most broken industry

This understates his job title somewhat. Vaswani is Barclays’ CEO of personal and corporate banking, a powerful new job which has seen him take control of its global operations in retail, business and wealth management.

Retail Banking