02/23/2017
Lloyds Banking Group posts highest annual profits for a decade
The lender owned by taxpayer reveals results
Retail Banking
02/22/2017
French bank BPCE targets 1 billion euros of annual cost savings by 2020
The plan to merge and simplify the organizational structure of its regional banks would result in 750 million euros of “cost savings in a full year by the end of 2020”.
02/22/2017
Lloyds profits more than double to £4.2bn
Bailed-out bank increases bonus pool and will pay special dividend as it shrugs off effects of Brexit vote
02/22/2017
Metro Bank closes in on first ever profit as customer account numbers surge
The first new retail UK retail bank in a century has sought to take away business from Lloyds, HSBC, Santander, Barclays and RBS
02/21/2017
RBS required to fund £750m to challenger banks
The global banking firm will help smaller banks expand what they can offer to start-ups and small businesses.
02/21/2017
NatWest bank introduces ‘Esme’ lending platform to cope with fintech firms
Fintech startups hover over in order to increase their share in the lending sector.
02/20/2017
Russia seeks to implement Islamic finance in its banks
Russia is hoping to implement Islamic Finance system in its banks
02/20/2017
RBS plans fintech fund to stimulate banking competition
Fund is part of a plan drawn up by RBS as an alternative to the sale of around 300 branches to satisfy a condition of its 2008 bailout
02/16/2017
Low interest rates squeeze profits at Crédit Agricole
The results highlight how retail focused European banks are struggling
02/15/2017
Co-op Bank looks to pension change to help boost capital
Ranking fund as preferred creditor would give it priority in case of collapse
02/15/2017
Credit Agricole seeks to reassure over French retail bank unit after writedown
Brassac added that efforts made by the bank to maintain and develop its customer base in a highly competitive environment would pay off in coming quarters, especially given the very slow but gradual rise in interest rates.
02/15/2017
Royal Bank of Scotland to offer SME business loans within hours via digital site
RBS will provide up to £150,000 for a maximum term of five years to small businesses.
02/15/2017
Credit Agricole seeks to reassure over French retail bank unit after writedown
Credit Agricole is the last in a row of France's biggest banks to report about a challenging year for the retail business
02/14/2017
As the Co-Op Bank goes on sale, is now the time to buy UK banks?
Another irony is that, on the surface, the reasons that Co-Op Bank has struggled are common to a number of listed UK banks.
02/14/2017
Royal Bank of Scotland shares race ahead amid reports of cuts
Ultra low interest rates and looming fines mean there isn't a lot left for RBS except to cut costs
02/14/2017
Russian Retail Banks’ Near-Term Financial Prospects Improving - Fitch
Fitch Ratings reported that the near-term prospects for Russian retail banks is improving due to loan impairments and rates reduce in 2017.
02/13/2017
RBS to slash 15,000 jobs after ninth year in red
Rock-bottom rates hold back recovery at bailed-out bank
02/13/2017
Co-op Bank looks for buyers
US hedge fund owners look at options to bolster funds including selling off the troubled bank
02/13/2017
Now Santander lets you make payments using just your voice
Santander lets customers pay using voice controls in its app
02/10/2017
Full-year Italian bank earnings show bad loans have stopped growing
It’s early to say whether businesses and households are emerging from a long crisis.