02/21/2021
Banks are back with handouts to lure in new customers
If you are tempted to switch accounts for the promise of free money or wine, weigh up the costs
Retail Banking
02/19/2021
ING to leave Czech retail banking market by end-2021
ING has been present in the Czech retail banking market for more than 20 years, offering savings accounts and mutual funds.
02/19/2021
Raisin and Aviva launch savings partnership
Throughout the pandemic, the savings rate has soared with £225bn sitting in non-interest bearing deposits.
02/19/2021
NatWest posts pre-tax loss of £351m and announces exit from Ireland
The bank will wind down its under-performing Irish arm Ulster Bank, after concluding it would not achieve sustainable returns.
02/17/2021
If Ulster Bank leaves, consumers will be the big losers
Departure of retail bank would amplify the dearth of competition for Irish customers
02/10/2021
Investec to terminate retail structured products offers
The firm will not launch any further retail structured product plans for the UK retail market from April, launching its last set of new plans between 15 February and 1 April.
02/07/2021
EBRD and Intrum invest in Piraeus Bank’s NPE portfolio in Greece
The portfolio was acquired through a special purpose company
02/07/2021
Ulster Bank's exit from Ireland means €20bn cash will have to be given back to customers
Danske Bank and other deposit takers that have left Ireland, it’s likely that Ulster Banks will ask its customers to make alternative banking arrangements.
02/03/2021
Santander reports first ever annual loss
Eurozone’s largest retail bank predicts a rebound in 2021
02/01/2021
Italian Banking Association Embraces Need For Speed For Future Of Real-Time Payments
These days that “stable and efficient growth” has a lot to do with real-time payments.
01/31/2021
AIB and rival banks prepare for frosty reception to sub-zero rat
AIB told banking analysts last autumn that it was considering imposing sub-zero rates on high net worth accounts, with balances of more than €1 million expected to be hit.
01/25/2021
Rivals look over Ulster Bank mortgages
NatWest-owned lender in early discussions with competitors to assess what they might pay for its low-risk home loans
01/22/2021
Lenders expect more households ‘to default on mortgages in next few months’
Struggling homeowners still have time to apply for mortgage payment holidays and figures released by UK Finance this week show 130,000 mortgage deferrals were in place at the end of December 2020, which is down from a peak of 1.8 million in June 2020.
01/19/2021
Up to 50% of Danish retail deposits hit by negative rates, with more to come
Denmark could serve as a model for other European lenders facing similar challenges, he said in an interview.
01/08/2021
Orange Bank acquires French neobank Anytime
Anytime will continue its market growth under the leadership of its co-founders Damien Dupouy and Thierry Peyre.
01/04/2021
BNP Paribas to become sole sharheolder in bpost bank JV
The term of the current partnership is set to end on 31 December 2021.
01/03/2021
As big banks see profit margins squeezed could we really be paying for current accounts in 2021?
2020 has seen current account cashback and interest perks cut or disappear
12/30/2020
European banks struggle to crack US retail market
Lenders squeezed out as American rivals double down on domestic operations
12/29/2020
Spain's Unicaja, Liberbank to approve merger at Tuesday board meetings
Banks in Europe are grappling with record low interest rates and the economic impact of the pandemic is forcing them to make further cost cuts.
12/29/2020
Irish consumer and business sentiment picks up in December
Bank of Ireland Economic Pulse was up 3.2 on last month but down 12.8 on a year ago