All articles by Verdict Staff
Verdict Staff
Deutsche Bank full year profits fall 53%
Deutsche Bank has posted a net income of 2.3bn ($3.1bn) for fiscal 2010, a decline of 53% from the previous year But the acquisition of German lender Postbank boosted Deutsche Bank’s private and business clients business, where pre-tax income soared 94.3% to 890m. The Postbank-acquisition also boosted full year revenues in the private and business client segment to 6.1bn, up 10% versus 2009.
BNP Paribas opens first state of the art concept store in Paris
BNP Paribas has become the latest major retail bank to launch a retail store concept, dubbed 2 Opra, in an attempt to differentiate itself from rivals BNP Paribas (BNPP), Frances largest bank by assets, has launched its first concept store, 2 Opra, which it will use as a lab to test customer demand for the use of the latest technology in retail banking.
US banks rise for 7th quarter in a row
Collective net income for the three months to 31 March totaled $29bn, a 66.5% increase from the same period last year and the best quarterly result since the second quarter of 2007.
Simplicity is the key for BBVA
Spanish lender BBVA has rolled out a new generation of ATMs to appeal to customers not using the self- service channel to its full potential Ignacio Villoch, BBVAs manager for communication and branding, strategy and innovation, discusses the banks marketing and multi-channel strategy with Duygu Tavan. Spains second-largest lender, BBVA, has launched a next generation ATMs with the aim of maximising the use of its self-service channel.
US lenders eye record overdraft income
Regulation E, the provision requiring US consumers to opt-in before lenders can extend or continue to provide fee-based overdraft services for ATM and one-time debit card transactions, is now fully in force US banks continue to revisit their pricing strategies, three months after the rollout of the Regulation Es (Reg E) new overdraft guidelines
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National Irish Bank’s deposits increasing
Danske-subsidiary National Irish Bank (NIB), is mopping up deposits as a result of an outflow of funds from the countrys beleaguered big two lenders: Bank of Ireland and Allied Irish Banks (AIB). A spokesperson for Danske told The Irish Times: Not surprisingly, in the current circumstances, we have been seeing an increase in our deposits, a spokesperson said
US branch numbers decline
The annual snapshot of US banking market metrics from the Federal Deposit Insurance Corporation, one of the most eagerly awaited sets of US banking data, has been released For the first time in more than a decade, the number of bank branches in the US fell, reports Douglas Blakey. The Federal Deposit Insurance Corporation (FDIC) has released its Summary of Deposits (SD) report, an annual snapshot of retail banking data as of 30 June for all FDIC-insured commercial banks, savings institutions and insured branches of foreign banks in the US.
Nationwide to shut 130 outlets across UK
Nationwide Building Society, the UKs largest building society by assets, is closing down its third party agencies because they are no longer profitable.
829 US banks at risk of failure
The Federal Deposit Insurance Corporation (FDIC) has revealed that more than a tenth of the USs 7,830 banks are at risk of closure in the second quarter of 2010. The number of institutions on the FDICs Problem List rose 7 percent from 775 in the first three months of 2010 to 829 in the second quarter.
Metro set to go online following branch launch
Metro Bank, the UK-based retail bank co-founded by celebrated US-retail banker Vernon Hill, is set to launch its online channel following the successful debut of its first branch on 29 July.