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Retail Banking

05/13/2024

Bank branch closures: Lloyds, Santander and more shut down 6,000 locations - which brand has axed the most sites?

High street banks have cited the changing consumer behaviour as to why locations have been forced to close down in recent years.

05/09/2024

NAB partners UK fintech Banked to boost merchant adoption of A2A payment solutions

The first group of NAB business clients to adopt the functionality are to go live with A2A payments “in the first half of 2024”.

05/08/2024

BBVA refuses to raise offer for Spanish bank merger with TSB owner Sabadell

BBVA offered an exchange ratio of one newly issued BBVA share for every 4.83 Sabadell shares, a premium of 30 per cent to their closing price on 29 April, the last session before it made the offer.

05/07/2024

DNB Bank Reshuffles Management, Establishes Business Banking Norway Unit

In order to deliver the best services to our customers in the future as well, we must develop even faster.

05/07/2024

Banks accused of withholding more than £200m from SMEs

The average SME in the UK has around £75,000 of business savings and is offered less than 1.6% interest on average on this balance by the big banks.

04/30/2024

CaixaBank reports a net profit of €1.01 billion up to March (+17.5%) with increased loan production and customer funds

CaixaBank Group serves 20.1 million customers through a network of over 4,100 branches across Spain and Portugal and has more than €600 billion in assets.

04/29/2024

Lloyd’s of London leans on its unique qualities to ignite growth

To give the market’s stakeholders their credit, they’ve known Lloyd’s needed to change for some time.

04/24/2024

NatWest boss admits ‘unexpected challenges’ for bank in 2023

Rick Haythornthwaite addressed the bank’s shareholders at its annual general meeting on Tuesday.

04/24/2024

LHV Bank reports record growth in 2023, focusing on SME Lending and Retail Banking in 2024

Building on this success, at the start of 2023 LHV Bank broadened its offering to encompass SME lending and later in the year launched its personal savings accounts.

04/08/2024

German Banks’ Soured Property Loans Surged in Quarter

The pain may continue as work-from-home policies reduce demand for office space.

04/04/2024

Clearbank reports first annual profit as deposits double and customers boom

The fintech clearing bank reported a pretax profit of £18.4m last year, swinging from a £7.1m loss in 2022.

04/01/2024

Government quietly pauses Natwest retail bidding process

Firms including AJ Bell and Hargreaves Lansdown have reportedly been in contention to handle the sale and had submitted bids to the government.

03/28/2024

Credit Agricole says it will not fund two major LNG projects

The decision follows pressure on banks from environmental groups to shift investment dollars away from climate-warming oil and gas projects.

03/19/2024

Santander offers £185 cash bonus for switching current account

The deal is open to new and existing customers who meet certain requirements

03/18/2024

NatWest, HSBC, Lloyds, Santander 'summoned' by FCA over need to 'stump up'

The high street banks were called to discuss a cash injection into Open Banking Limited.

03/18/2024

Nationwide adds British Sign language to online content

They estimate that BSL is the first language of over 87,000 deaf people in the UK, meaning that written English is inaccessible for many.

03/13/2024

RBS: Growth in private sector activity gains momentum

A softer contraction in manufacturing output meant that the downward pressure on overall performance eased somewhat.

02/27/2024

Instant bank transfers will soon be available across EU

The EU's 27 member states approved the law Monday

02/26/2024

European banks promise €120bn of shareholder returns on interest rate gains

Returns via buybacks and dividends higher than any year since before the financial crisis

02/23/2024

Lloyds Banking Group posts mixed results amid regulatory uncertainty

The bank’s net interest margin fell to 2.98%, as it faced pressure from mortgage pricing and deposit migration, while its revenue declined by 10% in the fourth quarter.

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