07/17/2014

Handelsbanken 2Q net profit tops forecasts

Sweden's Handelsbanken reported on Thursday second-quarter operating profit above expectations thanks to lower loan losses and a boost from dividend income.

07/13/2014

Big Four banks lose out to easy switching

SANTANDER, Halifax and Nationwide have emerged as the big winners of the battle for current account customers, nine months on from the launch of seven-day switching service.

06/29/2014

Banco Popolare to seek mergers, freezes bad debt unit sale

Italy's fourth-biggest lender Banco Popolare will look at merger opportunities once it has passed a Europe-wide health check of the sector, and has cancelled the sale of its bad debt unit for now, its CEO told daily Il Sole 24 Ore in an interview.

06/29/2014

Ulster Bank's plans for Permanent TSB merger in balance

Ulster Bank's matrix IT system would be extremely difficult to unpick from the overall RBS group system, which would make it almost impossible to migrate customers over to the Permanent TSB system and vice versa.

06/24/2014

Popular buys Citi's retail, credit card business in Spain

Spain's Banco Popular has agreed to buy Citi's retail banking and credit card business in Spain, a sign that foreign banks are retreating from the country's financial services market in the wake of the financial crisis.

06/23/2014

Bulgaria ready to rescue Corpbank after bank run

It was not immediately clear how much capital would be needed to prop up Corpbank - which had loans of almost 5 billion levs ($3.5 billion) as of March, and capital of 622 million levs - and the subsidiary.

06/19/2014

TSB to be valued at £1.3bn

Lloyds Banking Group is set to value spun-off retail bank TSB at £1.3 billion when it prices its share offer on Thursday.

06/16/2014

Jyske Bank Group cuts 177 full-time jobs

Due to a lower level of activity, declining loan volumes except for new home loans, the IT conversion of Spar Lolland to Jyske Bank and a merger of staff functions at BRFkredit and Jyske Bank

06/13/2014

Dutch to change bank debt rules

The Dutch government proposed to amend its tax rules to make it easier for lenders there to tap into Europe’s fastest-growing market for bank debt.

06/10/2014

Tesco Bank opens its first current account

Tesco will today shake up the retail banking industry when it becomes the first supermarket to launch a current account in competition with high street banks.