12/15/2015
New digital bank planned by UK private equity firm
It is understood that the new entity has a code name ‘Abacus’.
Retail Banking
12/15/2015
RBS Said to Receive Interest for 2016 Sale of Consumer Bank
A sale of Williams & Glyn would follow the March disposal of TSB Banking Group Plc, a former Lloyds Banking Group Plc unit, to Spain’s Banco de Sabadell SA for 1.7 billion pounds.
12/13/2015
Italy Plans Fund to Help Savers of Four Rescued Banks
The fund may be worth 100 million euros and cover about a third of the savers’ losses
12/10/2015
RBI sells Raiffeisen Bank in Slovenia
This will be booked in the fourth quarter of 2015
12/10/2015
Welcome to the flat-pack bank: Sweden's Ikano founded by family behind Ikea launches first UK savings account – a three-year fix paying 2.55%
Ikano Bank has unveiled a three-year fixed-rate account offering savers 2.55 per cent through its website.
12/06/2015
Ulster Bank and Permo would make a lovely couple
Jeremy Masding has done a decent job righting the ship at Permo
12/06/2015
RBS launches lending spree with Hermes, M&G and AIG
The big institutions plan to lend an extra £700m directly to mid-sized firms next year, harnessing pension funds and other long-term savings to finance business growth
12/01/2015
Tandem digital bank granted licence by the Bank of England
The new bank has recently been recruiting from some of Britain’s established players.
11/30/2015
EU approves EUR2.72bn aid to Greek’s Piraeus Bank
The government's financial assistance, approved on the basis of the bank's amended restructuring plan, is in line with EU state aid rules
11/30/2015
Ana Botin strives to expand Santander, one customer at a time
Go to santander.co.uk," she continues, adding, "Definitely check out the 1|2|3 account.
11/30/2015
Expobank to Buy RBS's Russian Assets as Foreign Banks Retreat
The RBS business had 28 billion rubles ($420 million) in assets as of Nov. 1.
11/26/2015
Lloyds To Axe 1,000 Jobs In Latest Bank Cull
The taxpayer-backed bank will announce on Thursday that another 1,000 jobs are to be axed, Sky News learns.
11/24/2015
Hungarian Central Bank Buys Bourse to Breathe Life Into Trading
The transaction will boost the regulator’s stake to 75.8 percent
11/23/2015
French private equity firm set to buy Fintrax
Galway-based VAT refunder Fintrax is reportedly to be sold to French private equity firm Eurazeo.
11/13/2015
Cerberus Acquires GBP 13 Billion Portfolio of Assets from UK Asset Resolution Limited (UKAR)
Portfolio Consists of Part of the Legacy Book of NRAM, the Former Northern Rock Mortgage Business
11/13/2015
Russia eyeing state aid for VEB bank after $23bn bailout
Battered by low oil prices, Western sanctions and a weak rouble, the proposed aid package is also so large it could impact Russia’s credit rating which two agencies downgraded to junk status earlier this year.
11/06/2015
Societe Generale to shut 400 branches, cut 2,000 jobs by 2020
Unions also expressed fears of compulsory cuts.
11/03/2015
Re-empowering The Disenfranchised: At what Cost? by By Mark Forman
It comes as no surprise and, indeed, has been recognised by many, including the FCA, that the Retail Distribution Review (RDR) has left a group of consumers bereft of access to financial advisers and therefore financial advice.
11/01/2015
RBS sells remaining stake in Citizens Financial
RBS will withdraw its director from the Citizens board
11/01/2015
RBS spin-off Williams & Glyn is at death's door before it's even been born
Whatever its profitability and whatever RBS’s return, W&G will be an also-ran, unable to be a substantial challenger bank