11/07/2014

Harrods eyes retail banking

The new plan looks more mainstream. Harrods is set to launch a standard savings account next year, building on the mortgage product it launched in 2014.

10/27/2014

Paschi Hires UBS, Citigroup to Explore All Strategic Options

Banca Monte dei Paschi di Siena SpA, Italy’s third-biggest bank, said it hired UBS AG and Citigroup Inc. to explore all strategic options as it considers how to replenish a capital gap that emerges from the European Central Bank’s review.

10/27/2014

Short of capital, world’s oldest bank for sale?

The world’s oldest bank, twice bailed out in the past five years, must replenish €2.1 billion (RM8.74b) within nine months to meet European Central Bank requirements for capital buffers.

10/24/2014

Standalone TSB picks up customers

The bank, which was spun off as a separate business by Lloyds Banking Group in June, said nearly one in 10 new bank account customers in the UK were choosing TSB.

10/16/2014

New UK bank rules help 22% rise in account switching

More than 1.2 million Britons switched bank accounts in the first year of new rules making it easier to change banks, a 22% increase on the previous year and marking some progress in the government's drive to boost competition.