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Retail Banking

09/29/2023

CaixaBank wins the “Momentum Award for Confirming Bank 2023”, awarded by the Asian Development Bank

The award acknowledges CaixaBank as the confirming bank with the highest increase of transactions in the last year, considering both the number of transactions and their total volume.

09/25/2023

Barclays to close accounts of UK expats, impacting savings and pensions access

This decision could potentially affect numerous expats who rely on these accounts for their financial transactions.

09/11/2023

European retailers risk dressing-down from investors as consumers flinch

This gloomy forecast did not play out, with retailers largely able to pass costs on to consumers as demand proved more resilient than initially feared.

08/31/2023

Lending marketplace Freedom Finance becomes Aro in rebrand

CEO Emma Steeley says the change marks a “new chapter” for the company

08/23/2023

Nationwide and Santander slash mortgage rates – ‘other lenders may follow’

In addition to these, Nationwide is reducing selected two-, three-, and five-year fixed rates for existing customers moving home by up to 0.40%.

08/21/2023

NatWest is giving £200 cash boost to people for free for making simple bank change

Here are more details of what you need to do to receive the £200 from the bank and what the eligibility rules are

08/21/2023

Inside the £673mn debt burden SJP advisers are grappling with

Those loans are also made to advisers, and it is the advisers responsibility to repay the bank.

08/18/2023

Barclays has announced 9 more bank branch closures

The nine closures announced this month

08/17/2023

Global Finance recognises CaixaBank's digital transformation with 14 awards, a record for the bank

Recognition of the digital transformation and innovation

08/17/2023

DZ Bank achieves go-live of Regnology Abacus360

Regnology Abacus360 offers financial institutions cost-efficient scaling opportunities and uses cloud-based computing.

08/16/2023

Santander UK increases interest rate on easy access account to seven per cent

The bonus rate for existing Edge Saver customers will apply from today until 12 months have passed from the date their account opened.

08/15/2023

Barclays becomes latest lender to cut mortgage rates

Barclays' changes follow similar announcements from other large lenders

08/11/2023

UK's Co-operative Bank buys Sainsbury's Bank's 479 mln stg mortgage portfolio

Once the deal is completed, Sainsbury's Bank customers are expected to transfer to the Co-operative Bank over a period of one year.

08/09/2023

Lloyds Bank names agency to manage its private rental stock

The deal will see the department look after the mobilisation, lettings and management of 604 properties that Citra agreed to buy last month in June from housebuilder Barratt Developments plc.

08/08/2023

Commerzbank sets up new €10bn asset management firm Yellowfin

Yellowfin will target institutional investors, corporate clients, and high-net-worth individuals with managed assets of at least €30m, complementing Commerz Real and Commerzbank’s own asset management services. 

08/08/2023

Commerzbank with strong first half of the year – net profit increased by almost 50% to €1.1 billion

The cost-income ratio improved to 61% in the first half of the year.

08/07/2023

Commerzbank Second Quarter 2023 Earnings: Revenues Beat Expectations

The increase in margin was primarily driven by lower expenses.

08/07/2023

NatWest imposes new cash limits in latest de-banking row

The move has raised fears that increasing curbs on the use of paper money across the system could have negative consequences for consumer

08/07/2023

HSBC bank chief issues apology over calling UK 'weak'

Tensions between US and China have continued to worsen in recent years.

07/31/2023

NatWest caps off tumultuous week with mixed results

Deposits have also stabilised after disappointment in this area in Q1, even if the bank is paying up to retain these.

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