04/05/2021
Dublin-based Depha bank posted €79.4m loss before sale deal
German state bad bank sold business to Bawag, which will continue the orderly winding down of the business
Retail Banking
03/29/2021
‘Nowhere to hide’ for Spain’s new megabank as it hunts for profits at home
Head of combined CaixaBank and Bankia says negative rates will be challenge even after Covid is over
03/25/2021
Santander to close 111 branches across the UK this summer - see if yours is affected
The lender confirmed all outlets will close by the end of August - but said the majority of those affected are less than three miles from another Santander branch
03/22/2021
OakNorth Bank reports £78 million pre-tax profit
In addition to this, the Bank has only had a cumulative ten defaults since inception, six of which have been resolved with 100% recovery and it has therefore, had no loan write-offs to date.
03/22/2021
Garanti BBVA unveils account aggregation for businesses, SMEs and freelancers
The service allows them to easily and quickly view the amounts debited and credited to their non-BBVA accounts.
03/18/2021
HSBC in Talks to Sell French Retail Bank to Cerberus
“Discussions are still ongoing and are expected to be for some weeks to come, and these may or may not lead to a transaction,”
03/17/2021
Santander launches savings and investment calculator
Research carried out by Santander shows more than a quarter of people want to improve their financial know-how as a result of the pandemic.
03/12/2021
NatWest winds up standlone lending business Esme Loans
Esme Loans, NatWest's standalone digital lending platform for SMEs is being wound up as the pandemic takes its toll on the UK's small business community.
03/03/2021
Need for EU bank option undeniable
Investors will applaud Bank of Ireland’s pragmatism but the shopkeeper without a local bank will wonder how many more challenges this world will bring them, their employees, or their customers.
03/02/2021
ING to exit Austrian retail market
ING has been active in the Austrian retail banking market since 2003.
03/02/2021
Bank of Ireland to close 103 branches
Bank of Ireland attributed the closure of its branches mainly to the growth of digital banking among its customers.
03/01/2021
Commerzbank to exit Hong Kong, Luxembourg in restructuring
The number of correspondent banks will be reduced to about 1,300 from about 1,600 globally.
02/22/2021
Commerzbank to lose 1.7 million clients by 2024 - Welt am Sonntag
Commerzbank declined to comment.
02/21/2021
Banks are back with handouts to lure in new customers
If you are tempted to switch accounts for the promise of free money or wine, weigh up the costs
02/19/2021
ING to leave Czech retail banking market by end-2021
ING has been present in the Czech retail banking market for more than 20 years, offering savings accounts and mutual funds.
02/19/2021
Raisin and Aviva launch savings partnership
Throughout the pandemic, the savings rate has soared with £225bn sitting in non-interest bearing deposits.
02/19/2021
NatWest posts pre-tax loss of £351m and announces exit from Ireland
The bank will wind down its under-performing Irish arm Ulster Bank, after concluding it would not achieve sustainable returns.
02/17/2021
If Ulster Bank leaves, consumers will be the big losers
Departure of retail bank would amplify the dearth of competition for Irish customers
02/10/2021
Investec to terminate retail structured products offers
The firm will not launch any further retail structured product plans for the UK retail market from April, launching its last set of new plans between 15 February and 1 April.
02/07/2021
EBRD and Intrum invest in Piraeus Bank’s NPE portfolio in Greece
The portfolio was acquired through a special purpose company