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ING to exit Austrian retail market

ING has been active in the Austrian retail banking market since 2003.

Bank of Ireland to close 103 branches

Bank of Ireland attributed the closure of its branches mainly to the growth of digital banking among its customers.

Commerzbank to exit Hong Kong, Luxembourg in restructuring

The number of correspondent banks will be reduced to about 1,300 from about 1,600 globally.

Commerzbank to lose 1.7 million clients by 2024 - Welt am Sonntag

Commerzbank declined to comment.

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

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.

Raisin and Aviva launch savings partnership

Throughout the pandemic, the savings rate has soared with £225bn sitting in non-interest bearing deposits.

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.

If Ulster Bank leaves, consumers will be the big losers

Departure of retail bank would amplify the dearth of competition for Irish customers

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.

EBRD and Intrum invest in Piraeus Bank’s NPE portfolio in Greece

The portfolio was acquired through a special purpose company

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.

Santander reports first ever annual loss

Eurozone’s largest retail bank predicts a rebound in 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.

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.

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

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.

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