07/30/2020
Historic loss at Santander as UK arm takes £5.5bn write-down
Santander booked €12.6bn (£11.4bn) in write-offs in the second quarter, blaming “the deterioration in economic outlook due to covid-19”.
Retail Banking
07/30/2020
COVID-19: UK bank Lloyds sinks into first-half loss on pandemic woes
The deadly pandemic is having a "profound" effect on global economy, says lender
07/29/2020
Deutsche Bank posts second-quarter net loss
Pre-tax profit of 753 million euros, versus loss in prior year quarter
07/20/2020
Cerberus wants well over 7,000 Commerzbank job cuts…
Cerberus sought to invoke quicker change at Commerzbank, which rejected its demand for two supervisory board seats.
07/10/2020
Digital bank for 'mass affluent' set to launch later this year
Monument estimates that there are around 3.5 million “mass affluent” people in Britain with a combined £200bn in cash between them.
07/08/2020
World Finance Reveals the Winners of its Annual Banking Awards
News provided by World News Media
07/02/2020
TSB and Quilter live with Iress’ platform to connect brokers with lenders
In bringing on board both sides of the value equation, we’re a huge step closer to achieving this goal.
06/12/2020
Revolut: A Normal Bank – Unfortunately
The remainder of the letter was devoted to how Revolut was going to make more money from serving its clients.
06/08/2020
LHV to acquire the Danske Bank’s unit involved with Estonian corporate and public sector credits
LHV Pank and Danske Bank have reached an agreement on the price of the transaction, according to which a discount of 19 million euros will be subtracted from the volume of the portfolio
06/04/2020
Citi defies coronavirus with Western European corporate lending push
The 15 offices are predominantly in central and eastern Europe including Poland, Turkey and Russia.
05/29/2020
Nationwide takes £100m hit as profits plummet
Chief executive Joe Garner said, “While the coronavirus impacted our profitability in the last few weeks of the year, there was pressure on margins even before it hit.”
05/26/2020
HSBC to sell US retail arm as part of more 'drastic' overhaul: reports
It is understood the board's review of what is already the biggest overhaul in the bank's 155-year history will involve deeper job cuts.
05/25/2020
Challengers beat incumbents on account opening experience
UX expert Peter Ramsey from Built for Mars has investigated whether these new entrants do actually make the process of opening an account better.
05/19/2020
Commerzbank calls in consultants from McKinsey and Bain
In January, the chief financial officer of Commerzbank, former McKinsey partner Bettina Orlopp, announced that the bank had hired Bain & Company to identify an additional €500 million in savings
05/15/2020
Russian bank TCS expects slower growth in 2020, withdraws guidance
TCS, the parent company of Tinkoff Bank, had previously said it expected annual net profit to increase to 42 billion roubles - another record - from 36.1 billion in 2019.
05/13/2020
Open Banking: Are consumers keeping an open mind?
While the regulation was designed to facilitate open banking, the market demand was uncertain.
05/04/2020
Banks to book more than $50bn against bad loans
Lenders take diverging approaches in making provisions for coronavirus damage
04/30/2020
CaixaBank posts profit of €90 million
CaixaBank has deployed an extensive package of measures to support the needs of both businesses and individuals.
04/30/2020
Lloyds Banking Group scrapes profit after $1.75 billion COVID-19 provision
Lloyds is viewed as a bellwether for the British economy, as the country’s largest provider of home loans and one of its biggest backers of businesses.
04/29/2020
32 banks incl BNP Paribas, Crédit Agricole go live on blockchain for interbank reconciliations
The permissioned solution uses R3’s enterprise blockchain Corda which enables only the two participating banks to share the transactions with each other.