08/31/2020
Cynergy Bank applies for £10 mn grant from the Banking Competition Remedies
Cynergy Bank stated that it will create the UK’s first digital relationship bank for the underserved SME section of the economy.
Retail Banking
08/27/2020
Do consumer warnings on financial products work?
The Distance Marketing of Consumer Financial Services Directive has requirements that consumers receive detailed information from financial services providers before a contract is concluded.
08/25/2020
Co-operative Bank to cut 350 jobs
In recent months the bank has not been immune to the effects of low interest rates hitting the income of lenders.
08/18/2020
TBC Bank Announces Unaudited Financial Results
The financial performance measures presented in this report show our reported figures only, while the impact of the above mentioned COVID-19 related
08/12/2020
M&G suffers £7.7bn retail funds outflow in first half
The investment management firm’s assets under management fell by 14% during the economic turbulence.
08/11/2020
Italian bank lending posts biggest rise in 8-1/2 years
Italian bank lending to firms rose sharply in June as businesses resuming activity
08/06/2020
ING posts 2Q2020 net result of €299 million
The impact of Covid-19 was reflected in the higher risk provisioning and goodwill impairments we booked in the second quarter.
08/04/2020
French retail banks need to close branches and slash costs
The digitisation of certain services, enabling physical services to be covered by technology, can lead to an additional saving of €3 billion in France.
08/03/2020
Some German Banks to Be Allowed to Pay Dividends Despite ECB Ban
The order applies at least until January and the ECB said it will review its stance again in the fourth quarter.
08/03/2020
BBVA, named best bank in Europe and Latin America for innovation in digital banking
Newly renamed ‘Innovation in Digital Banking Awards,’ this honor was created because the publication believed it need to to more broadly recognize the innovation strategies that banks have defined to advance their digital transformations.
07/30/2020
Historic loss at Santander as UK arm takes £5.5bn write-down
Santander booked €12.6bn (£11.4bn) in write-offs in the second quarter, blaming “the deterioration in economic outlook due to covid-19”.
07/30/2020
COVID-19: UK bank Lloyds sinks into first-half loss on pandemic woes
The deadly pandemic is having a "profound" effect on global economy, says lender
07/29/2020
Deutsche Bank posts second-quarter net loss
Pre-tax profit of 753 million euros, versus loss in prior year quarter
07/20/2020
Cerberus wants well over 7,000 Commerzbank job cuts…
Cerberus sought to invoke quicker change at Commerzbank, which rejected its demand for two supervisory board seats.
07/10/2020
Digital bank for 'mass affluent' set to launch later this year
Monument estimates that there are around 3.5 million “mass affluent” people in Britain with a combined £200bn in cash between them.
07/08/2020
World Finance Reveals the Winners of its Annual Banking Awards
News provided by World News Media
07/02/2020
TSB and Quilter live with Iress’ platform to connect brokers with lenders
In bringing on board both sides of the value equation, we’re a huge step closer to achieving this goal.
06/12/2020
Revolut: A Normal Bank – Unfortunately
The remainder of the letter was devoted to how Revolut was going to make more money from serving its clients.
06/08/2020
LHV to acquire the Danske Bank’s unit involved with Estonian corporate and public sector credits
LHV Pank and Danske Bank have reached an agreement on the price of the transaction, according to which a discount of 19 million euros will be subtracted from the volume of the portfolio
06/04/2020
Citi defies coronavirus with Western European corporate lending push
The 15 offices are predominantly in central and eastern Europe including Poland, Turkey and Russia.