06/29/2017
Co-op Bank bondholders to lose at least 55pc of their money in restructuring deal
That swap involved a loss or “haircut” of about 50pc of bondholders’ original investment.
Retail Banking
06/26/2017
Co-Op Bank halts sale process
The investors want to extricate the bank from the Co-Op Group’s retirement plan
06/25/2017
South Korea's Woori Bank to open Frankfurt subsidiary ahead of Brexit
The South Korean bank's decision to set up the subsidiary was made at the start of this year and will likely see it set up shop with five staff this autumn - all of which are expected to be new hires.
06/25/2017
The European Central Bank moves to wind down two Italian banks
The banks will continue to operate and depositors will not suffer any inconvenience.
06/25/2017
Intesa Sanpaolo board tasks CEO with completing purchase of Veneto banks' assets
The board of Italy's biggest retail bank Intesa Sanpaolo has tasked CEO Carlo Messina with completing the purchase of the good assets of two ailing Veneto-based lenders.
06/23/2017
Deutsche Bank To Sell Retail Banking Business In Spain For €1.4 Bn Less Than Expected
The bank’s wholesale and investment banking activities, as well as its business in Portugal, will not be included in the operation.
06/23/2017
Swedish-owned firm to buy bad loan portfolio from Latvia's Reverta
The value of the transaction has not been disclosed under the terms of the deal.
06/22/2017
KBC may sell troubled Irish mortgages to draw line under crisis
Belgian group affirmed its commitment to Ireland in February after years of speculation
06/22/2017
BNP Paribas to cut jobs in revamp of French retail banking arm
BNP Paribas said it was discussing the voluntary job cuts plan that would come via retirements with French trade unions.
06/21/2017
252 Bank of Scotland jobs in dundee to be axed
A spokesmanLloyds said the branch would remain open and customers should not experience any changes.
06/21/2017
Intesa Sanpaolo Says Willing to Buy Certain Assets, Liabilities From Vicenza, Veneto Banca
Intesa said this will need to happen at terms and conditions which won't dent the lender's capital buffer and affect its dividend payout policy.
06/19/2017
The psychology doctor behind reboot of Santander's online banking subsidiary
Openbank's boss discusses agility and a 'mobile first' strategy for Spain's first full-service digital bank.
06/19/2017
Co-Op Bank Rescue Threatened By Pensions Stand-Off
The Co-Op Group is said to be demanding a cash sum of closer to GBP300.0 million for the pension scheme, according to Sky.
06/18/2017
Italy Rules Out Winding Down Struggling Veneto Banks-Source
A spokesman for the Commission said he could not confirm the report.
06/14/2017
KBC completes acquisition of United Bulgarian Bank and Interlease
The transaction will only have a limited impact of 0.54% on KBC’s solid capital position, keeping its CET1 ratio well above the regulatory minimum capital requirements.
06/11/2017
Santander’s Ana Botín has no trouble playing hardball
Bank chief walked away twice before buying Banco Popular for €1
06/11/2017
UniCredit CEO confident Italian banks will help rescue Veneto lender
I am optimistic by nature and I am in this case too.
06/10/2017
ABN Amro IT takes share of blame for mortgage malpractice
As a result, they often had to solve things manually, causing delays in the process
06/08/2017
Italy's banks in talks with Rome over rescuing Veneto lenders: sources
Italian banks would have to shell out 11 billion euros to protect depositors at Veneto Banca and Popolare di Vicenza if the two banks were wound down, one source said on Thursday.
06/08/2017
Banco Santander Wins Auction to Acquire Banco Popular
A few over 30 bidders placed their bids.