03/09/2017
Co-op Bank reports loss of £477m in 2016 as sale looms
The troubled lender is engaging with potential bidders after putting itself up for sale last month
Retail Banking
03/08/2017
HSBC Sells US Residential Mortgage Loan Portfolio For USD1.50 Billion
HSBC said the sale was part of an ongoing reduction of its US consumer mortgage loan business, in line with its strategy to sell "substantially all" of HSBC Finance Corp's residential mortgage loans.
03/07/2017
Santander Could Cut Workforce, Branches In Germany In 2017
The Santander Group had an efficiency ratio of 48.1% in 2016
03/07/2017
Russian businessman Kim could sell his Expobank in Latvia
A single economic area and European Union regulations offer optimum conditions for merging European businesses.
03/07/2017
Shawbrook rejects £825m takeover offer from private equity firms
The private equity firm currently holds just under 40 per cent of the bank.
03/07/2017
Intesa Sanpaolo sells Allfunds Bank stake for 900 million euros
Intesa Sanpaolo was advised by Bofa Merrill Lynch and Morgan Stanley.
03/06/2017
Bank ABC adopts new management structure to accelerate growth and expansion
He will also leverage the synergies in our business between the Europe and America.
03/06/2017
Nordea's Mega-Bank Branches Set Off Regulatory Finger Pointing
Nordea says Sweden’s proposal is both surprising and unfair, and is trying to persuade lawmakers to back away from the plan.
03/03/2017
Challenger banks are taking the UK by storm – but can they really compete?
In the wake of the financial crisis, savers confidence in the UK banking system hit rock bottom.
03/02/2017
BNP Paribas Wants to Innovate Smarter and Harder
Startups don’t have the data we have, and for them it is pretty expensive.
03/01/2017
Harrods Bank implements Temenos T24 core banking system
Harrods decided to replace it with FIS’s Profile core banking system.
03/01/2017
Bank of Latvia proposes to reduce personal income tax to 20%; reform corporate tax system
Latvia’s tax burden is one of the lowest in the EU – in 2016 it was about 30 percent of the gross domestic product.
02/28/2017
Barclays Africa ‘divorce settlement’ is not a sale deal
The British bank’s sell-down of its majority stake in its African subsidiary is still some way off.
02/28/2017
‘Crackers’ house-buying process needs industry response: Atom Bank
Harris says that open banking, which will be driven by the Revised Payment Service Directive (PSD2) from 2018, could help drive change.
02/27/2017
Bank of Ireland €1bn tech plan to strengthen acquisition clout
Our IT investment gives us an optionality.
02/27/2017
If Co-operative Bank is taken over are there other ethical alternatives?
The source of the latest capital injection could prove less appealing.
02/27/2017
Intesa Abandons Plans to Buy Generali
The bank said it would continue to expand its wealth management business and develop non-life insurance to the same level of its life business.
02/23/2017
Lloyds a compelling story
The last time it generated this kind of earnings figure was over ten year ago in 2006.
02/23/2017
Lloyds Banking Group posts highest annual profits for a decade
The lender owned by taxpayer reveals results
02/22/2017
French bank BPCE targets 1 billion euros of annual cost savings by 2020
The plan to merge and simplify the organizational structure of its regional banks would result in 750 million euros of “cost savings in a full year by the end of 2020”.