03/31/2017
Gov't sells £11.8bn mortgage book to Pru and private equity firm
We are determined to return the financial assets we own to the private sector
Retail Banking
03/29/2017
Barclays in talks to sell Zimbabwe bank
Barclays Bank of Zimbabwe has a market capitalisation of US$60 million
03/29/2017
Desmond Latvian bank eyes Irish move
Rietuma Banka to focus on lending here and the UK after scaling back its operations in the Russian bloc
03/29/2017
Latvian Bank, Belarusian Firm to Buy Russia's Sberbank Subsidiary in Ukraine
Latvia's Norvik Banka and a Belarusian company will buy 100 percent of shares of Russia's Sberbank subsidiary in Ukraine, the deal is expected to be closed in the first half of 2017, Sberbank said in a statement on Monday.
03/29/2017
BNP wins €11bn custody mandate as banks streamline
It was more of an outsourcing decision than a decision to change provider.
03/29/2017
Banco Santander Offers Value
Its profitability is good and the bank is trading at less than book value, which seems cheap for a quality bank like Santander.
03/26/2017
Co-op Bank bondholders protect interests
There is rising concern loss-making Co-op Bank will fail in its attempt to orchestrate a rescue by attracting a suitor willing to acquire its entire business.
03/24/2017
RBS to close 180 branches due to dramatic online shift
Branch closures put pressure on local economies and make it harder for local firms to access banking services
03/24/2017
MKB back in profit after six years
The turn of the tide in its fortunes came about thanks to several simultaneous measures
03/24/2017
Commerzbank expects flat net profit this year
The business environment would likely remain "very challenging" this year
03/23/2017
SocGen plans to spend more on French retail bank business
But investors are already assessing how much European banks could make in a higher rate environment.
03/23/2017
Intesa Sanpaolo voted as most honored European bank by Institutional Investor
By adding insurance and wealth management to its mix of products and services, it has also succeeded at wooing high rollers as depositors and clients.
03/23/2017
ECB's Nouy says some banks may need to be shut
Nouy did not name any bank or country but stressed European rules allowed for some banks to be shut down.
03/22/2017
Sabadell rules out making approach for Co-op Bank
Field of bidders for ailing bank narrows as Sabadell and Santander not expected to make offers
03/21/2017
Challenger bank enters mortgage market
Has struck a distribution deal with Mortgage Advice Bureau, believes it is entering a potentially lucrative market
03/21/2017
House of Fraser pulls £29m investment in UK challenger bank
Our determination to reduce the stress people feel in managing their money is as strong today as it has ever been.
03/20/2017
Russian Bank Raised Millions in Irish Shadow Banking
The notes are now almost worthless and the lender’s chief executive officer has been arrested on fraud charges related to the collapse.
03/20/2017
RBI: Successful completion of merger with RZB
The appointment of the new Management Board also takes effect today
03/17/2017
Poland’s mBank to invest €50m in fintech start-ups
The fund’s financial support, the companies can then offer their solutions to customers from around the world.
03/17/2017
Nordea could move HQ to Finland if Swedish gov't raises costs
The Swedish government is planning to raise the fee that banks pay to an obligatory EU fund intended to bail out failing banks.