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Retail Banking

02/22/2017

French bank BPCE targets 1 billion euros of annual cost savings by 2020

The plan to merge and simplify the organizational structure of its regional banks would result in 750 million euros of “cost savings in a full year by the end of 2020”.

02/22/2017

Lloyds profits more than double to £4.2bn

Bailed-out bank increases bonus pool and will pay special dividend as it shrugs off effects of Brexit vote

02/22/2017

Metro Bank closes in on first ever profit as customer account numbers surge

The first new retail UK retail bank in a century has sought to take away business from Lloyds, HSBC, Santander, Barclays and RBS

02/21/2017

RBS required to fund £750m to challenger banks

The global banking firm will help smaller banks expand what they can offer to start-ups and small businesses.

02/21/2017

NatWest bank introduces ‘Esme’ lending platform to cope with fintech firms

Fintech startups hover over in order to increase their share in the lending sector.

02/20/2017

Russia seeks to implement Islamic finance in its banks

Russia is hoping to implement Islamic Finance system in its banks

02/20/2017

RBS plans fintech fund to stimulate banking competition

Fund is part of a plan drawn up by RBS as an alternative to the sale of around 300 branches to satisfy a condition of its 2008 bailout

02/16/2017

Low interest rates squeeze profits at Crédit Agricole

The results highlight how retail focused European banks are struggling

02/15/2017

Co-op Bank looks to pension change to help boost capital

Ranking fund as preferred creditor would give it priority in case of collapse

02/15/2017

Credit Agricole seeks to reassure over French retail bank unit after writedown

Brassac added that efforts made by the bank to maintain and develop its customer base in a highly competitive environment would pay off in coming quarters, especially given the very slow but gradual rise in interest rates.

02/15/2017

Royal Bank of Scotland to offer SME business loans within hours via digital site

RBS will provide up to £150,000 for a maximum term of five years to small businesses.

02/15/2017

Credit Agricole seeks to reassure over French retail bank unit after writedown

Credit Agricole is the last in a row of France's biggest banks to report about a challenging year for the retail business

02/14/2017

As the Co-Op Bank goes on sale, is now the time to buy UK banks?

Another irony is that, on the surface, the reasons that Co-Op Bank has struggled are common to a number of listed UK banks.

02/14/2017

Royal Bank of Scotland shares race ahead amid reports of cuts

Ultra low interest rates and looming fines mean there isn't a lot left for RBS except to cut costs

02/14/2017

Russian Retail Banks’ Near-Term Financial Prospects Improving - Fitch

Fitch Ratings reported that the near-term prospects for Russian retail banks is improving due to loan impairments and rates reduce in 2017.

02/13/2017

RBS to slash 15,000 jobs after ninth year in red

Rock-bottom rates hold back recovery at bailed-out bank

02/13/2017

Co-op Bank looks for buyers

US hedge fund owners look at options to bolster funds including selling off the troubled bank

02/13/2017

Now Santander lets you make payments using just your voice

Santander lets customers pay using voice controls in its app

02/10/2017

Full-year Italian bank earnings show bad loans have stopped growing

It’s early to say whether businesses and households are emerging from a long crisis.

02/09/2017

Metro Bank speeds up data virtualisation with Delphix

The idea was to integrate enterprise software into an existing IT stack.

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