In such unstable times, European private banking has shown itself to be a strong model. Despite many challenges such as geopolitical instabilities, evolving regulations and COVID-19 economical consequences, European private banks have managed to adjust and maintain the trust of their clientele. The key factor of this resistance is the ability of private banks to…
More nimble fintechs have one advantage over traditional banks when it comes to responding to customer needs to improve customer experience. With over half of customers saying that banking is not fun, banks face the challenge of enhancing user experiences to address changing customer needs, according to the World Retail Banking Report 2022 from Capgemini…
Danske Bank -Sale of private banking activities in Luxembourg completed Danske Bank has completed the sale of its private banking activities in Luxembourg to Union Bancaire Privee (Europe) S.A. (UBP). The customer relationships were successfully transferred to UBP over the weekend. ‘We are pleased that so many of our customers and colleagues in Luxembourg have found a…
Amsterdam ousts London as Europe’s top share trading hub UK’s departure from the EU prompts shift in dealing of stocks and derivatives Amsterdam surpassed London as Europe’s largest share trading centre last month as the Netherlands scooped up business lost by the UK since Brexit. An average €9.2bn shares a day were traded on…
European firms improve diversity scores in pandemic year, study finds The number of major European companies with high participation of women in leadership positions has doubled over the past year, but there was less progress on top jobs, a study by a EU-sponsored non-profit organization showed on Thursday. Brussels-based association European Women on Boards,…
Europe looks to ease lockdowns As global coronavirus cases passed the 3 million mark Monday, some of the hardest-hit European countries signaled tentative moves to restart their economies after weeks of lockdowns. Italy will start reopening construction and manufacturing sectors on May 4, retailers and museums on May 18, and bars, restaurants and hair salons on June 1. Schools won’t reopen until September.…
Barclays has rebalanced its equity focus away from the U.S. and toward Europe and emerging markets for 2020. In its 2020 outlook, published Wednesday, the British lender said it expects European equities to deliver further gains, setting a target for the Stoxx 600 of 430 by the end of 2020, up 6% from Wednesday’s open. The rise is…
Bank of Singapore, the private banking unit of OCBC Bank, has officially opened its European wealth management unit to cater to the region’s growing UHNW consumer base. Dubbed BOS Wealth Management Europe (BOSWM), the new subsidiary is based in Luxembourg and has a branch in London. Bank of Singapore CEO Bahren Shaari said: “Europe has…
