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

Bradford & Bingley repays £3.8bn to taxpayers

Ukar Payments To Taxpayers Reach £3.8 Billion In the First Nine Months of 2013

OTP Bank sees lower risk costs ahead - deputy CEO

Hungarian lender OTP Bank is likely to need less risk provisioning in the future as risk coverage against its non-performing loans has reached a historic high and the stock of bad loans has begun to decline

BNP Paribas to buy Belgian Fortis stake for 3.25 billion euros

BNP Paribas has agreed to buy the Belgian state's 25 percent stake in BNP Paribas Fortis for 3.25 billion euros $4.36 billion (2.72 billion pounds) in a move that will help the country keep its commitment to lower public debt.

Intesa Sanpaolo 3Q profits plunge by almost half

The results show choppy economic waters are having a negative effect on Italy's banking system.

Standard Bank puts UK unit up for sale to focus on Africa

Standard Bank has announced the latest step in its long-term strategy of selling off its non-African operations with Friday’s Stock Exchange News Service

Commerzbank's Painful Restructuring Gains Traction

The country's second-biggest lender of Deutsche Bank said net profit jumped by 15 percent to 77 million euros in the period from July to September.

France's BNP Joins Battle for Rabobank's Polish Arm

France's biggest lender said on Thursday it had made a non-binding bid for Bank BGZ BGZ.WA

Banca Generali Q3 net profit rise 8 pct

Italian asset manager Banca Generali said on Tuesday its net profit rose 8 percent to 105.1 million euros in the third quarter of this year thanks to a significant rise in management fees.

Banks Spruce Up Branches To Attract New Customers

Velizy, France - Installation art, interactive walls and a robot doorman; the flagship branches of the world’s top banks have come a long way from the iron grilles and potted plants of old.

ABN Amro increases fees for business customers

The paper says the new charges make ABN Amro ‘by far’ the most expensive bank when it comes to basic bank charges.

US debt fund among group taking control of the Co-op Bank

Co-operative Group to inject £400m into its banking arm as part of a detailed £1.5bn recapitalisation plan to be outlined on Monday

China Construction Bank looks to Europe for deals

He wanted to expand operations to more European countries

RBS avoids being split into 'good' and 'bad' banks

Royal Bank of Scotland has said it will not split into separate so-called good and bad banks, and also announced a loss for the third quarter of the year.

Slovak Banking Industry Records Growing Net Income

In the first nine months of 2013, Slovakia´s banking sector recorded a total net profit of € 449m.

Commerzbank's Polish arm BRE posts in-line net profit

BRE and other Polish banks have relied on retail loans

Italian banks' cut plans too modest despite strike call

With Italy mired in its longest recession since the Second World War, the country's hard-pressed banks are cutting jobs, closing branches and infuriating unions, but the cuts are far too modest to achieve the profitability gains they need.

Clydesdale Bank swings to profit following job cuts

Chief executive David Thorburn said: “The restructuring of our business over the past 18 months has been substantially completed a year ahead of schedule.

Russia's Sovcombank to buy local GE Money Bank

Russia's mid-sized Sovcombank is buying the local unit of GE Money Bank, a subsidiary of U.S. conglomerate General Electric

Lloyds Q3 profit up, but takes another PPI hit

"The outlook for the UK economy now looks more positive and the group's business model is well matched to the economic environment," the bank said in a statement.

SEB Q3 Pp Profits, Credit Quality Beat Forecast

Swedish banking group SEB reported on Thursday a bigger-than-expected rise in third-quarter operating profits as it beat forecasts on most income lines and credit quality improved.

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