07/28/2016

Italy’s FinecoBank to expand to UK

It is understood FinecoBank will launch in the UK initially with current accounts, individual saving accounts (ISAs), self-invested personal pensions (SIPPs) and execution-only stock broking.

07/27/2016

Commerzbank ‘to shed more jobs’

The sources said that in recent years the division had been struggling due to weak loan demand from corporate clients and would be at the core of a new round of cost cuts by Commerzbank.

07/26/2016

NatWest and RBS may charge firms to hold deposits

A spokesperson for Royal Bank of Scotland, which owns NatWest, told the BBC the letter was sent to just under 1.3 million of the combined business and commercial customers of the two banks.

07/26/2016

Commerzbank warns of decline in capital position

The bank, which is a key lender to Germany’s Mittelstand companies, also said that its net income in the three months to the end of June had fallen almost a third to €209m, down from €307m in the same period a year earlier. Analysts had ex