11/22/2019
Profits fall at Nationwide
Whilst the economic outlook remains uncertain, we expect the current low interest rates and competition in our core markets to continue.
Retail Banking
11/21/2019
Best Bank Awards: Danske Bank
Danske is voted Best bank for Scandinavian currencies at the 2019 FX Week Best Bank Awards
11/17/2019
Bank of China brokers deal to buy €155m Goodbody
Chinese will take an initial 75% stake in Irish financial services firm
11/13/2019
ABN AMRO profit falls as bank announces plan to strengthen financial crime detection
Operating income fell to EUR854 million from EUR1.09 billion, ABN AMRO said.
11/08/2019
Crédit Agricole shares fall as French retail banking disappoints
Results for the third quarter and the first nine months of 2019
11/06/2019
CaixaBank opens Barcelona flagship hub
Alongside the visual elements and technology, the “all in one” Barcelona experience is rounded off with a range of services and possibilities that go beyond strictly banking.
10/30/2019
Jyske Bank lowers outlook, rival Sydbank hikes interest rates
It will also initiate a cost-cutting programme, including staff reductions, so costs in 2020 would equal slightly rising costs this year.
10/30/2019
Santander profits take a £169m hit over PPI claims
Pre-tax profits plummeted by 43% to £785m as Santander took a PPI charge of £169m.
10/28/2019
Spain's Bankia says lending income could fall slightly in 2019
On Monday it posted a 23% drop in third-quarter net profit from a year earlier to 176 million euros due to higher litigation and loan loss provisions, slightly above an average of 173 million euros forecast by a Reuters poll.
10/22/2019
European banks run out of options to protect profits
Negative interest rates, new regulations and sluggish economy mean tougher challenges
10/22/2019
Banco Santander sells Puerto Rico unit to FirstBank for €1bn
The transaction is expected to close in the middle of 2020, subject to regulatory approvals.
10/17/2019
Efma and Accenture Announce Winners of Customer Insight & Growth Banking Innovation Awards
The winners were selected by a panel of judges comprising senior retail bankers from around the world and by Efma members and non-members from retail institutions who voted online.
10/09/2019
Metro Bank launches new game-changing digital insights tool for businesses
The development comes as part of Metro Bank’s efforts to inject much needed competition into the small business banking market following the £120 million funding it was awarded from the Capability & Innovation Fund.
10/09/2019
CEO of Greece’s Largest Bank Has a Plan to Move Past Financial Crisis
Bank weighs speeding up securitization plan scheduled for 2021
10/07/2019
Tough Times Persist For German Banking
One of the biggest long-term problems faced by German banking is the sector’s proliferation of small lenders.
10/03/2019
Estonian bank enters liquidation over money laundering case
Last week, Estonian police found the body of Aivar Rehe, Danske Bank’s head in Estonia in 2006-2015, and confirmed Monday he had committed suicide.
09/25/2019
OakNorth Bank sets up £20m Raw Mortgage Fund loan
Tim Parkes, managing director and lead fund manager at Raw Mortgage Fund, said: “OakNorth Bank has done a fair amount of property lending itself so has a great understanding of the sector, the performance of property assets and can structure a facil
09/24/2019
Santander launches own digital bank Openbank in Germany
The bank offers German customers a state-of-the-art platform and mobile app, featuring AI and machine learning technology, cloud-based systems and the highest security standards for usability and optimal customer experience.
09/23/2019
Commerzbank plans to lay-off thousands in latest restructuring
The lender also aims to shut down 200 branches in Germany, following which, it will operate around 800 offices in the country.
09/12/2019
HSBC Looks to Unload French Retail Bank
The move to reduce its footprint in Europe would be one of its first strategic actions under new interim Chief Executive Noel Quinn