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

Commerzbank Q4 weighed down by provisions at Polish mBank unit

The additional sum, which translates to around 436 million euros, brings provisions for Germany’s No. 2 bank to around 600 million euros.

Strategic review of retail banking business models

The Retail banking sector performs a vital role in the economy. There are around 100 million current accounts (PCAs) and 5.6 million microbusiness accounts in the UK, and retail deposits total around £1.5 trillion. Retail lending is a key driver of

ING France retail buyer will get part of €266M-a-year income business

ING France operates both retail and wholesale banking, and ING will retain the wholesale business.

Allica Bank joins the APPG for Challenger Banks and Building Societies

Allica Bank is one of the UK’s top fintechs dedicated to serving SME businesses, with a focus on reimagining relationship banking for SMEs, by combining modern, powerful technology with local relationships in the community.

Italy's Pop Sondrio to explore all options after shedding mutual status

Under Italian rules, the mutual status gives shareholders one vote each regardless of the size of their stake, diminishing the appeal of stakebuilding.

Santander races to claw back £130million after Christmas Day blunder

The bank accidently made double payments to 75,000 businesses and individuals from its own reserves and is working to get it back.

Staff at BNP’s Italian bank stage first strike since 1990s

BNL said that 29.8 per cent of its employees joined the strike.

Alpha Bank agrees sale of bad loan portfolio to Hoist Finance

Greek banks have been working to reduce a pile of about 30 billion euros in bad loans, the legacy of a decade-long financial crisis which shrank Greece's output by a quarter.

UK bank branch numbers have almost halved since 2015, analysis finds

4,735 branches have shut or been earmarked for closure in last six years according to consumer group Which?

UK lender allows homebuyers to borrow seven times salary

Habito’s mortgage terms could revive wider concerns over responsible lending practices

ING to exit retail banking in France

ING is currently exploring the feasibility of an agreement for its client portfolio with third parties.

BNP Paribas reached an agreement with BMO for the sale of Bank of the West

The Transaction is expected to formally close during the course of 2022, upon customary condition precedents

Irish retail banks subject to most restrictive variable pay conditions in EU

Bank staff disadvantaged compared with those working in global big tech and fintech

Major UK banks to roll out shared banking hubs

The retreat from the high street has led to significant concerns over access to cash for vulnerable and older people who still rely on notes and coins in their daily lives.

BNPL-focused TBI Bank enters greek market

Over the past 20 years there the Bank has developed unique know-how in the field of phygital all-inclusive lending

UniCredit wins Turkish regulator approval to sell Yapı Kredi stake

UniCredit is following U.S. banking giant Citigroup and top British insurer Aviva in exiting stakes in Turkish financial companies.

Lloyds Bank to shift to growth mode under new chief

Charlie Nunn will raise budget for private rental business as lender targets wealth, commercial and investment banking

The UK’s seventh largest bank to close 70 branches as customers move to online banking

These changes allow us to maintain an extensive branch presence across the country.

New ‘purpose-built’ $1bn UK clearing bank launches in London

The First Pre-revenue Bank in History to Attain a $1.1bn Valuation

Nationwide's profits more than double

Pre-tax profits rose to £853m in six months to September, from £361 a year ago

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