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Lloyds boosted by sharp fall in bad loan provisions

2020 was a challenging year for everyone, but across the UK we saw people and communities come together to support each other and adapt to a completely new way of life.

RBS International announces 2020 annual results

RBS International CEO Andrew McLaughlin (pictured) commented: “Colleagues across our six jurisdictions pulled out all the stops to support customers, each other and the community in an exceptional year.

Barclays bank profit tumbles 38p

The bonus pool for 2020 stood at around £1.6 billion, up six percent.

EBRD provides US$ 100 million loan to Turkey’s Denizbank

The EBRD’s new investment follows a record €893 million in financing to Turkish financial institutions in 2020 to support thousands of businesses across the country, providing the private sector with much-needed funds.

Barclays delivers dividend payout despite profits fall

Barclays warned that costs related to the pandemic will remain high throughout 2021, but that it expects loan loss charges to be “materially below” last year’s £4.8 billion hit.

Bankers mull quitting as Brexit and Covid stress means ‘much longer hours’

More than 40% of senior City executives are considering quitting finance, according to an FN survey

European Banks Use Pandemic to Clean House

Long resistant to change, Germany’s Commerzbank and others are slashing jobs, closing branches and forcing customers online

The Swedish bank plans to be established in ten European countries by 2023.

The banking market is well on its way to change and the winners will be those who best can adapt to the new digital reality.

SocGen posts profit beat in fourth quarter despite dip in trading revenues

We are therefore entering 2021 with confidence and determination with, as a priority, the execution of our strategic roadmap.

Santander targets higher profitability for 2021

In the same period last year, results included significant one-offs, such as gains related to the agreement it reached with Credit Agricole SA to combine their custody and asset-servicing operations.

The Bank of New York Mellon SA/NV Opens a New Branch in Spain

The European Bank has offices in Belgium, Denmark, France, Germany, Ireland, Italy, Luxembourg and the Netherlands

CaixaBank obtains profit of €1.38 billion after making provisions of €1.25 billion for COVID-19

Core income remains stable during the year (-0.1%) and increases by 2.8% compared to the third quarter

The coming squeeze on free banking

With interest rates ultra-low, lenders will seek new ways to make money from retail customers

Goldman sees US$200b opening from European tech unicorns

The number of tech unicorns in Europe has surged over the last three years to around 200, according to Mr Gutman, highlighting the importance of spotting these companies early in the battle for private fundraising mandates and more lucrative work on initi

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