04/11/2017
Egyptian billionaire launches new bank in Europe
RiverBank is an independent Luxembourg based Pan-European lender that specialises in providing loans to small and medium-sized businesses.
Retail Banking
04/10/2017
Challenger bank secures banking licence and £30m council investment
Securing a banking licence by the PRA and the FCA underlines the strength of our business model and the calibre of our experienced management team.
04/06/2017
Lloyds Bank to close a further 100 branches, with the loss of over 200 jobs in 2017
Unite the union representing staff said the loss of a further 100 local banks will be painful for high streets across the country to absorb.
04/06/2017
Co-op Group slumps to £132m loss after bank stake write-off
The Co-operative Bank has been put up for sale amid concerns over its balance sheet strength as it continues to suffer following its 2013 rescue after the discovery of a £1.5bn black hole in its finances.
04/05/2017
Lloyds to close scores of bank branches across UK
The continuous stream of branch closures announced by the UK’s retail bank branches appears to show no signs of ending.
04/03/2017
RBS rising from ruins as shadow of former self
RBS will shut its Capital Resolution division
04/02/2017
Portugal Sells Novo Banco to Lone Star
U.S. private-equity firm will inject $1.07 billion into bank for a 75% stake
04/02/2017
Virgin Money expected to bid for troubled Co-op Bank to dramatically expand its modest current account business
Whoever takes over the bank will have to shore up its finances with a capital injection of £750 million.
03/31/2017
Ukraine's Sberbank to be renamed Norvik Bank
Norvik Banka is the seventh largest bank in Latvia by assets with more than 150,000 customers.
03/31/2017
Gov't sells £11.8bn mortgage book to Pru and private equity firm
We are determined to return the financial assets we own to the private sector
03/29/2017
Barclays in talks to sell Zimbabwe bank
Barclays Bank of Zimbabwe has a market capitalisation of US$60 million
03/29/2017
Desmond Latvian bank eyes Irish move
Rietuma Banka to focus on lending here and the UK after scaling back its operations in the Russian bloc
03/29/2017
Latvian Bank, Belarusian Firm to Buy Russia's Sberbank Subsidiary in Ukraine
Latvia's Norvik Banka and a Belarusian company will buy 100 percent of shares of Russia's Sberbank subsidiary in Ukraine, the deal is expected to be closed in the first half of 2017, Sberbank said in a statement on Monday.
03/29/2017
BNP wins €11bn custody mandate as banks streamline
It was more of an outsourcing decision than a decision to change provider.
03/29/2017
Banco Santander Offers Value
Its profitability is good and the bank is trading at less than book value, which seems cheap for a quality bank like Santander.
03/26/2017
Co-op Bank bondholders protect interests
There is rising concern loss-making Co-op Bank will fail in its attempt to orchestrate a rescue by attracting a suitor willing to acquire its entire business.
03/24/2017
RBS to close 180 branches due to dramatic online shift
Branch closures put pressure on local economies and make it harder for local firms to access banking services
03/24/2017
MKB back in profit after six years
The turn of the tide in its fortunes came about thanks to several simultaneous measures
03/24/2017
Commerzbank expects flat net profit this year
The business environment would likely remain "very challenging" this year
03/23/2017
SocGen plans to spend more on French retail bank business
But investors are already assessing how much European banks could make in a higher rate environment.