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

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.

Spain's BFA-Bankia reports 827 mln euros profits in first half of 2014

The figure was also higher than profits registered in 2013, when the bank reported 509 million euros of profits.

RBS reports surprise rise in profit but warns of 'bumpy road' ahead

Royal Bank of Scotland (RBS) has said it expects pre-tax profits of £2.65bn for the first half of the year, up from £1.37bn last year.

Metro Bank growing after customer boost but big banks still rule the roost

The new bank continues to show considerable growth but remains some way off the industry's biggest players

Old Mutual plans to retain Intrinsic mortgage arm

We’ll probably take 12 months and see

Secure Trust Bank H1 pretax profit up 84 pct

The benefits of its previous acquisitions, strong controlled growth in the lending book and the entry into SME markets have contributed to a new record level of underlying profit.

Spain's state-owned AENA appoints banks for share sale

Spain's state-owned AENA has appointed banks Santander, BBVA, Bank of America Merrill Lynch, Goldman Sachs and Morgan Stanley to run a process in which just under half the company will be privatised

Spain Sells Catalunya Banc to BBVA for $1.6 Billion

Spain has taken an important step toward completing the cleanup of its banking sector by selling the state-owned Catalunya Banc to BBVA for 1.19 billion euros, or $1.6 billion.

Banco Espírito Santo Reassures Retail Clients over Parent's Debt

According to the bank, retail clients held 255 million euros in debt from the holding company, Espírito Santo International SA, as of July 10.

Espirito Santo International files for creditor protection

Holding company of Portugal's second-largest bank says it can't meet its obligations

Nordea Estonia boosts profits in H1

The leading European financial group member Nordea Estonia's net profit was 19.1 million euros in the first half of 2014, a major improvement from 12.7 million euros earned at the same time last year, Äripäev.ee/LETA reports.

RBS and Lloyds could be broken up in competition probe

The Competition and Markets Authority (CMA) today unveils the results of its study of the small business banking market and the current accounts sector.

Handelsbanken 2Q net profit tops forecasts

Sweden's Handelsbanken reported on Thursday second-quarter operating profit above expectations thanks to lower loan losses and a boost from dividend income.

Bidders circle as NAB offloads non-performing British loans

National Australia Bank’s $1.2 billion sale of a portfolio of British loans is picking up pace, drawing interest from four parties including giant debt investors Oaktree Capital Management and Pimco.

Big Four banks lose out to easy switching

SANTANDER, Halifax and Nationwide have emerged as the big winners of the battle for current account customers, nine months on from the launch of seven-day switching service.

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