11/23/2014

Banks to float as owner quits UK

After years of trying to build a British franchise under the Yorkshire and Clydesdale brands, NAB said recently that its “absolute priority” was to quit the UK.

11/11/2014

Standard Chartered to cut bank branches

It said productivity improvements from the branch closures, about 8 per cent of its outlets, will help it reach a previously announced $400 million cost-savings target next year.

11/07/2014

Harrods eyes retail banking

The new plan looks more mainstream. Harrods is set to launch a standard savings account next year, building on the mortgage product it launched in 2014.

10/27/2014

Paschi Hires UBS, Citigroup to Explore All Strategic Options

Banca Monte dei Paschi di Siena SpA, Italy’s third-biggest bank, said it hired UBS AG and Citigroup Inc. to explore all strategic options as it considers how to replenish a capital gap that emerges from the European Central Bank’s review.

10/27/2014

Short of capital, world’s oldest bank for sale?

The world’s oldest bank, twice bailed out in the past five years, must replenish €2.1 billion (RM8.74b) within nine months to meet European Central Bank requirements for capital buffers.