10/24/2014
Standalone TSB picks up customers
The bank, which was spun off as a separate business by Lloyds Banking Group in June, said nearly one in 10 new bank account customers in the UK were choosing TSB.
Retail Banking
10/21/2014
SBI to carry on operations in UK despite crackdown on foreign banks
State Bank of India is determined to carry on retail banking operations in the UK despite a recent crackdown by the Bank of England on the operations of foreign-owned banks in the country.
10/16/2014
New UK bank rules help 22% rise in account switching
More than 1.2 million Britons switched bank accounts in the first year of new rules making it easier to change banks, a 22% increase on the previous year and marking some progress in the government's drive to boost competition.
10/16/2014
Banco Espírito Santo’s Obscure Practices Raise Further Questions
Regulators probing Banco Espírito Santo SA, the large Portuguese bank whose collapse rattled global markets this summer, have focused in public on relatively recent problems that doomed the lender and its affiliated companies.
10/15/2014
UniCredit turning to private equity to enable loan detox regime
The trickle of toxic debt being sold by Italian banks is turning into a torrent as UniCredit prepares to announce the disposal of more than €5bn in bad loans to private equity investors.
10/14/2014
Gibraltar International Bank to open March 2015
The delayed closure will give customers sufficient time to make alternative banking arrangements in Gibraltar
10/12/2014
Bestinvest founder returns with new ethical investment platform
John Spiers has bought out part of Truestone and its £500m client roster to start the venture
10/10/2014
Delta Lloyd Drops Plan to Sell Belgian Bank as Talks Failed
Dutch insurer Delta Lloyd NV fell the most in more than a year after it abandoned plans to sell its Belgian bank.
10/10/2014
Lloyds share sale on hold until dividend approved
A sign is seen outside a branch of Lloyds Bank in central London. Britain is unlikely to sell any more of its remaining 25% stake in Lloyds until the bailed-out lender is cleared to pay dividends again
10/10/2014
Parent company of Portuguese bank BES files for bankruptcy
A Luxembourg court on Oct. 3 refused ESFG's request for creditor protection and controlled management.
10/08/2014
Lloyds looks to take on larger UK rivals
The financial institutions unit at Lloyds Banking Group is seeking to shed its “little Lloyds” image and square up to its larger UK rivals.
10/07/2014
Citigroup Said to Delay Plan for Flagship Moscow Branch
New York-based Citigroup is still seeking an alternative location and hasn’t accelerated the search as sanctions against Russia depress economic growth, said the person.
09/30/2014
RBS to invest $1.6 billion on services to corporate clients
The investment includes RBS setting up eight new regional business hubs to support entrepreneurs
09/26/2014
The progress of Metro Bank The branch bites back
Scampering in the opposite direction from the big banks
09/25/2014
The rise of the challenger banks
The face of retail banking in the UK is changing. In July 2010, the sector witnessed something not seen in over 100 years the launch of a new high street bank.
09/25/2014
Hungary passes new law helping borrowers, hitting banks
The legislation was backed by 167 lawmakers in the 199-member parliament.
09/25/2014
Barclays tops British banking complaints league
Barclays received the most complaints among Britain's banks in the first half of this year, though complaints overall in the sector fell 5 per cent
09/23/2014
Santander closing in on Unicredit's Pioneer stake
UniCredit had in 2011 considered the sale of Pioneer but dropped the idea after failing to conclude a tie-up with Eurizon Read more: http://www.dailymail.co.uk/wires/reuters/article-2765683/Santander-closing-Unicredits-Pioneer-stake-sources.html#ixzz3E6f
09/23/2014
Aldermore Bank Plans London IPO to Raise $123 Million
Aldermore Group Plc, one of a group of U.K. lenders seeking to challenge the dominance of the nation’s big banks, said it plans an initial public offering next month.
09/22/2014
RBS gears up for Citizens float with £5.5m payout for bosses
Bank is floating its US business at a valuation of up to $14bn