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

UniCredit's HVB says won't move capital to Bank Austria

HVB's Weimer said any money would have to come from parent UniCredit.

Metro Bank reboots website

As we celebrate our sixth anniversary, we would like to thank all our customers, colleagues and investors who have supported us in our mission to develop Metro Bank into a major banking force in the UK.

Santander UK makes second attempt to buy RBS branches

Santander could buy 316 branches from RBS, which are currently earmarked for launch as the new Williams & Glyn brand

Credit Agricole completes ownership overhaul, retail suffers

It focuses the listed bank more on asset management, insurance and investment banking activities. It is also expected to bolster capital and help finance dividends.

France's Axa will not contribute to new Italian bank bailout fund

We don't intend to pay into the Atlante (II) fund, just as we did not pay into Atlante I, for the obvious reason that we are shareholders of the bank (Monte dei Paschi) and have participated very extensively in the clean up of the bank

ING reports business uplift from 'Think Forward' digital strategy

ING records strong commercial growth and continued progress on Think Forward strategic priorities

Banque PSA Finance and Santander Group Extend Partnership from Europe to Brazil

The partnership is helping to strengthen the competitiveness of Banque PSA Finance in Brazil to the benefit of the three Brands’ Peugeot, Citroën and DS’ customers.

Fosun International offers to invest in Portuguese bank

Acquiring stakes in BCP will also strengthen Fosun's overseas financial enterprises, such as commercial and private banking services.

Commerzbank Scraps Full-Year Target, Sees Decline in Profit

They have slumped about 44 percent this year, while the Stoxx Europe 600 Banks Index has slipped 30 percent.

Monte dei Paschi approves privately-backed rescue plan

Monte dei Paschi said it had secured underwriters to back its plan, which calls for the sale of 9.2 billion euros in bad loans and a 5 billion-euro capital increase.

Is this the slow death of 'free' banking?

The British have got so used to free banking that we take it for granted, but now it is at risk from death by a thousand cuts.

Germany's oldest bank: Brexit could fast-track our UK targets

Germany's oldest bank is "100%" committed to growing its business in London, despite the uncertainty sparked by the UK's decision to leave the EU.

Italy's Monte dei Paschi gets alternative rescue proposal from UBS

A bank spokesman said the two letters were part of the same proposal.

Lloyds to slash 3,000 jobs and close 200 branches

Those cuts come on top of 9,000 job losses and 200 branch closures that were announced two years ago.

Metro Bank stems losses by nearly 50%

Revenue of £46m was up 63 per cent in the second quarter compared with the same period last year.

Italy’s FinecoBank to expand to UK

It is understood FinecoBank will launch in the UK initially with current accounts, individual saving accounts (ISAs), self-invested personal pensions (SIPPs) and execution-only stock broking.

Jean-Pierre Mustier to re-set purpose and direction at UniCredit

While the accelerated sales of stakes in Fineco and Pekao signal a new style, UniCredit's returning CEO says HVB still fits with the core Italian business

Commerzbank ‘to shed more jobs’

The sources said that in recent years the division had been struggling due to weak loan demand from corporate clients and would be at the core of a new round of cost cuts by Commerzbank.

Santander Profit Dented by Restructuring Costs

Spanish bank books charges to cover branch closures and layoffs

PTSB reports first post-tax profit since 2007

The Core Bank’s NIM (excluding ELG fees) increased to 1.76%

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