UK current account switches +10%, Monzo biggest net gainer
UK current account switches for the year to end March 2020 total 1,017,354, up 10% year-over-year. Notably, Monzo has the highest…
ByMonth: April 2020
ANZ H1 profits plummets 51%; defers interim dividend payout
Australia and New Zealand Banking Group (ANZ) has reported a profit after tax of A$1.55bn for the half-year ended 31…
DBS Q1 profit slumps 29%; sets aside $772.5m to negate Covid-19 impact
Singapore-based DBS Group has reported a net profit of SGD1.17bn ($829m) for the first quarter of this, which is a…
Arab Bank Switzerland makes strategic investment in Taurus Group
Arab Bank Switzerland has made a strategic investment in the digital asset infrastructure firm Taurus Group. Though the exact size…
Santander buys majority stake in payments platform Ebury for £350m
Banco Santander has acquired a 50.1% stake in UK-based payments platform Ebury, following the receipt of all regulatory approvals. Santander…
LendingTree makes strategic investment in Stash
US-based online financial services marketplace LendingTree has made a strategic investment in financial technology company Stash Financial. The investment is…
TSB taps IBM to launch virtual assistant for online customers
TSB has launched a Smart Agent function on its website, giving customers immediate access to measures the bank has introduced…
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Future bank branches could be multipurpose, says Barclays boss
Post-covid-19 bank retail branches could be used by investment banking and call centre workers, Barclays chief executive Jes Staley predicts.…
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