08/25/2017
Russia's Otkritie sells stake in Cyprus bank
Otkritie bought the stake in RCB in 2014 through a $124 million additional share issue.
Retail Banking
08/24/2017
British banks set to close record 762 branches this year
Lloyds Banking Group will shut 195, while HSBC and Barclays will close 117 and 90 to 100 respectively.
08/23/2017
Commerzbank and BNP Paribas part ways over lending JV
Commerzbank introduced its own digital instalment loans in the first half of the year.
08/23/2017
Dutch bank NIBC considering IPO among strategic options
Backed by our current shareholder.
08/17/2017
Barclays ring-fencing project means downtime for customers
Barclays told customers it would be carrying out work to align with new banking legislation.
08/17/2017
Bulgarian banks show interest in financing projects of SMEs under Juncker Plan
The financing of the new programme is jointly provided by BDB and EIB as part of the EU's Investment Plan for Europe.
08/15/2017
Russian lender looks to Africa for expansion
Russia's second biggest bank VTB opened its subsidiary Bank VTB-Africa in Angola in 2006
08/15/2017
Royal Bank of Scotland to cut nearly 900 IT jobs in London, union Unite says
The decade of slashing jobs has done nothing to boost morale.
08/14/2017
Government bank bailout: All but 5 per cent of bailout recovered
The spending watchdog adds that only £7billion of the £60billion bailout that Northern Rock received is still outstanding.
08/11/2017
Co-operative Bank sheds customers amid its £700million hedge fund rescue deal
Lost around 25,000 current account customers since the end of last year
08/10/2017
British bank Aldermore's first-half profit jumps 32 percent
Aldermore, one of the banks aiming to challenge Britain's "Big 5" lenders, said total customer deposits also grew more than 10 percent to 7.3 billion pounds in the period.
08/10/2017
HSBC Malta’s profitability dented by various factors
HSBC Malta reported a profit before tax of €25.9 million during the first half of 2017
08/08/2017
Monte Dei Paschi H1 Loss Exceeds 3 Billion Euros-Boersen-Zeitung
Italy published a decree authorising a state recapitalisation of Monte dei Paschi di Siena
08/08/2017
Ex Northern Rock boss who waltzed off with £750,000 to start claiming £304,000-a-year pension
He's still padding up for Sunderland Cricket Club, totting up a decent(ish) batting average so far this season of 28.5.
08/07/2017
Latvian banks’ expenditure on managers' salaries grows by 39.1% in H1
The share of employees' wages, meanwhile, rose by 1.7 percentage points to 18.9%.
08/07/2017
Banks issue new sort codes in ringfencing of high street operations
Barclays is not alone in needing to issue new sort codes
08/07/2017
RBS is back in profit – should the government sell more of its stake?
The government has no business playing the stock market with taxpayers’ money.
08/07/2017
Bank of Cyprus set to go digital
One bank that is going through a digital transformation is the Bank of Cyprus.
08/04/2017
Mediobanca profit falls on one-off costs
Net profit for the whole fiscal year ending in June rose 24% to EUR750 million.
08/03/2017
Portugal Wants to Move on From Bank Collapse
Banco Espirito Santo collapsed under the weight of bad debts to companies held by the family-controlled Espirito Santo Group