10/30/2013

Italian banks' cut plans too modest despite strike call

With Italy mired in its longest recession since the Second World War, the country's hard-pressed banks are cutting jobs, closing branches and infuriating unions, but the cuts are far too modest to achieve the profitability gains they need.

10/23/2013

SEB Q3 Pp Profits, Credit Quality Beat Forecast

Swedish banking group SEB reported on Thursday a bigger-than-expected rise in third-quarter operating profits as it beat forecasts on most income lines and credit quality improved.

10/20/2013

76% of Global Retail Banks Becoming More Innovative - RESEARCH

This year’s study, which surveyed 148 banks in 66 countries, revealed that as the global economy recovers, retail banks across the world are increasingly investing in innovation as a means of generating revenue and controlling costs.