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

German Banks Face Big Margin Hit If Rates Do Not Rise

The German banking sector has not been able to significantly reduce operating costs in the recent and not so recent history.

Growth in UK consumer borrowing slows

British economy was driven by debt-fuelled spending during the fourth quarter of 2016

Deutsche Bank to Propose New Bonus System for Execs

Deutsche Bank has revised its system of bonuses for executives after shareholders rejected a plan they tried to get approved last year.

Research analysts culled at top investment banks

Ranks of sellside stock and bond pickers have fallen 10% since 2012

Eurozone Economy on Pace With U.S.

Fourth-quarter output, lowest unemployment in seven years, higher inflation eases some concerns

Bank closure is a ‘great shame’

More customers are using mobile and internet banking

Comdirect pre-tax profit 2016: EUR120.7m

Securities are the best response to the zero-interest environment.

Deutsche Bank’s Key Capital and Cost Challenges in Four Charts

The bank said it’s making progress in resolving other probes into the matter.

European Banks Get Profit Upgrades After Undershooting Six Years

The sector remains one of the cheapest in Europe.

European Investment Bank Provided £5.5 billion In UK Investment In 2016

This included record financing for social housing investment in any European country, and the largest ever loans to universities.

SocGen expects French online banking consolidation

The biggest operators in the online banking market in France are ING direct, SocGen's Boursorama and Credit Mutuel's Fortuneo.

Sumitomo Mitsui Hiring Barclays Private Bankers as Ties End

Barclays has been paring operations in Japan and elsewhere in Asia as part of global cost cuts to boost profitability.

Record year for EIB funding of UK social housing

EIB is currently finalising new support for social housing

Nordea posts 30% rise in net profit

Cost performance and credit quality are in line with our guidance.

Raiffeisen shareholders approve plan for internal merger

The merged company will – as previously the case for RBI – operate under the name of Raiffeisen Bank International AG, and RBI shares will continue to be listed on the Vienna Stock Exchange.

Citi will decide on its Brexit contingency plans within the next 6 months

Cowles said the bank was looking at where to establish a new broker dealer by either creating a new EU entity or through building up one of its existing entities.

Deutsche Bank’s $800 Billion Fund Business

The current management is paying the price for that.

HSBC offshores 200 IT jobs; closes 62 branches

HSBC is focusing its spending on digital channels

Spain's Banco Santander posts 4 pct full-year profit rise, beats forecasts

For 2016, net interest income, a measure of earnings on loans minus deposit costs, was 31.1 billion euros

Santander posts rise in profit as Brazil makes up for poor UK figures

Profit in the UK slumped by 14.7 per cent in the year

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