Societe Generale offloads stake in TBC Bank Group
French banking group Societe Generale has divested its entire 5.3% equity stake in Georgia’s TBC Bank Group. Societe Generale offloaded…
Month: June 2017
UK banking app transactions surge 57% in 2016
Customer appetite for banking apps in the UK shows no signs of abating as number of transactions through apps surged…
Association of Banks in Singapore launches new instant fund transfer service
The Association of Banks in Singapore (ABS) has unveiled a new peer-to-peer funds transfer service that allows interbank transfers using…
Almazergienbank to issue JCB cards in Yakuitia
Joint-Stock Bank Almazergienbank, a regional bank in the Russian Far East, has signed an agreement with JCB International to issue…
Dutch government divests further 7% stake in ABN Amro
NL Financial Investments (NLFI), which manages the Dutch government’s investments, has decided to dispose an additional 7% stake in ABN…
AIB effectively combats net interest margin pressures
Following the financial crisis of 2008, significant attention has been focused on bank earnings and earning power. Many European banks…
ByHedge funds forced to bail out the Co-op – again
The Co-operative Bank, having failed to find a willing buyer despite searching for several months, has had to return cap-in-hand…
ByBankia to take over Banco Mare Nostrum
Spanish state-owned lender Bankia has agreed to acquire another local nationalised lender Banco Mare Nostrum (BMN) in an all-stock transaction…