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Retail Banking

06/10/2016

Brokers seeking buyers told to diversify income streams

A lot of advisers we speak to say they should be writing more but they’re running so fast already on the hamster wheel selling mortgages that it is difficult to jump off and look at what else is around.

06/09/2016

Metro Bank's Craig Donaldson voted UK's highest rated chief executive

Eighteen out of 25 highest rated chief executives across north America and Europe were based in the UK.

06/09/2016

Private & Commercial Finance keen for bank licence as profits soar

Profits in the period to March were 67% higher at £3.5mln

06/08/2016

Nordea becomes biggest lender to Latvian corporate clients in Q1

The Riga branch of Skandinaviska Enskilda Banken had issued no loans as at the end of March 2016.

06/07/2016

Monte Paschi Said to Seek Offers for Managing Its Bad Debts

Monte Paschi erased an earlier drop of as much as 2.9 percent and closed 0.3 percent higher at 59 euro cents in Milan trading.

06/07/2016

ACI Worldwide Announces Collaboration with Raphaels Bank

Enables payment service providers and challenger banks to access UK Faster Payments Scheme

06/07/2016

New UK bank, CivilisedBank, submits banking licence application

It will also offer savings and investment products to retail customers.

06/06/2016

Lithuania: Transfer of Danske Bank's retail banking clients to Swedbank has begun

This will increase its loan portfolio by almost 500 million euros and bring its market share to 40 to 50 per cent.

06/01/2016

JC Flowers and Apollo Circling Irish-based Bank

US private equity firms JC Flowers and Apollo are among bidders circling a Dublin-based bank which is being sold under the wind-up of failed former German lender WestLB.

05/30/2016

Cyprus NPLs here to stay

Clerides is worried that expectations are being built that cannot be fulfilled.

05/30/2016

Barclays set to offer perks to customers to ramp up profits at its credit card business

The changes are part of Barclays chief executive Jes Staley’s push to bring the bank back to its roots as a High Street lender.

05/24/2016

150 more jobs to be cut at Clydesdale bank as lender announces £450million hit

The £450m has been set aside to deal with an expected rush of PPI claims.

05/23/2016

Competition chiefs are paid to protect us from overmighty firms - but have FAILED, says challenger banking boss

Rarely the diplomat, Lynam has some choice words for the team at the CMA which drew up the report.

05/23/2016

Barclays tightens buy-to-let properties lending rules

The changes come into effect from 26 May.

05/20/2016

RBS extends alternative financing recommendations

Capital Connections is an extension of an existing scheme at RBS that puts unsuccessful applicants in touch with peer-to-peer lenders Assetz Capital and Funding Circle.

05/20/2016

Sberbank to start Islamic banking pilot program

According to the UAE Finance Ministry, Islamic banking is developing faster than traditional banking, attracting $1.8 trillion annually.

05/17/2016

Costs of overdrafts to fall as part of UK banks overhaul

Competition and Markets Authority estimates that consumers could save over £100 a year

05/16/2016

RBS Shows Banks’ Tech Nightmare as Scottish Branches Spur Delay

The best laid schemes of McEwan and his predecessor Stephen Hester are being held back by technology systems that have been patched together and modified over decades.

05/16/2016

RBS mulls sale of Williams & Glyn and NatWest

RBS is required to sell off branches as part of the conditions around its bailout

05/13/2016

Nordea scouts for fintech startups

Nordea is also working with a couple of the other startups for possible cooperation.

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