12/30/2021
Italy's Pop Sondrio to explore all options after shedding mutual status
Under Italian rules, the mutual status gives shareholders one vote each regardless of the size of their stake, diminishing the appeal of stakebuilding.
Retail Banking
12/30/2021
Santander races to claw back £130million after Christmas Day blunder
The bank accidently made double payments to 75,000 businesses and individuals from its own reserves and is working to get it back.
12/29/2021
Staff at BNP’s Italian bank stage first strike since 1990s
BNL said that 29.8 per cent of its employees joined the strike.
12/29/2021
Alpha Bank agrees sale of bad loan portfolio to Hoist Finance
Greek banks have been working to reduce a pile of about 30 billion euros in bad loans, the legacy of a decade-long financial crisis which shrank Greece's output by a quarter.
12/28/2021
UK bank branch numbers have almost halved since 2015, analysis finds
4,735 branches have shut or been earmarked for closure in last six years according to consumer group Which?
12/28/2021
UK lender allows homebuyers to borrow seven times salary
Habito’s mortgage terms could revive wider concerns over responsible lending practices
12/22/2021
ING to exit retail banking in France
ING is currently exploring the feasibility of an agreement for its client portfolio with third parties.
12/22/2021
BNP Paribas reached an agreement with BMO for the sale of Bank of the West
The Transaction is expected to formally close during the course of 2022, upon customary condition precedents
12/20/2021
Irish retail banks subject to most restrictive variable pay conditions in EU
Bank staff disadvantaged compared with those working in global big tech and fintech
12/15/2021
Major UK banks to roll out shared banking hubs
The retreat from the high street has led to significant concerns over access to cash for vulnerable and older people who still rely on notes and coins in their daily lives.
12/15/2021
BNPL-focused TBI Bank enters greek market
Over the past 20 years there the Bank has developed unique know-how in the field of phygital all-inclusive lending
12/08/2021
UniCredit wins Turkish regulator approval to sell Yapı Kredi stake
UniCredit is following U.S. banking giant Citigroup and top British insurer Aviva in exiting stakes in Turkish financial companies.
12/06/2021
Lloyds Bank to shift to growth mode under new chief
Charlie Nunn will raise budget for private rental business as lender targets wealth, commercial and investment banking
12/01/2021
The UK’s seventh largest bank to close 70 branches as customers move to online banking
These changes allow us to maintain an extensive branch presence across the country.
11/30/2021
New ‘purpose-built’ $1bn UK clearing bank launches in London
The First Pre-revenue Bank in History to Attain a $1.1bn Valuation
11/19/2021
Nationwide's profits more than double
Pre-tax profits rose to £853m in six months to September, from £361 a year ago
11/18/2021
Carlyle terminates discussions over Metro Bank takeover
The Board continues to strongly believe in the standalone strategy and future prospects of Metro Bank.
11/15/2021
BBVA launches offer for rest of Garanti in bet on Turkey
The bid will be carried out after BBVA receives all the necessary regulatory approvals.
11/15/2021
BNP hires advisers to explore $15 billion Bank of the West sale
Discussions are still at an early stage and no deal is certain, they said.
11/08/2021
Co-Op Bank Set for First Profitable Year After Decade of Losses
The firm generated an additional 1.1 billion pounds of gross mortgage lending in the quarter, taking the total for the year to 4.1 billion pounds.