All articles by Douglas Blakey
Douglas Blakey
illimity H1 2023 net profit +66% y-o-y to €52.2m
Revenue rises 28% to €204.2m boosted by improved margins and a 17% increase in fees and commissions
Banks should be responsible when acquiring new customers during this inflationary period
Credit card issuers must ensure that they offer riskier customers money management tools, argues Yasha Kuruvilla
Deal focus: Upgrade snaps up BNPL outfit Uplift in $100m deal
In the end, Uplift investors wanted to cut their losses-they injected almost $700m in equity and debt into the BNPL outfit and exit with a whopping loss
Uncertainty and financial challenges driving down homeowner satisfaction with US mortgage providers
Rocket Mortgage ranks highest among mortgage servicers ahead of Guild Mortgage, Chase and Bank of America, according to JD Power’s Mortgage Servicer Satisfaction Study
RBC expands Avion Rewards access to all Canadians
RBC opens loyalty programme to all Canadians without need to be a client
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National Bank of Canada to acquire Silicon Valley Bank’s Canadian portfolio
NBC says that the acquisition aligns with the bank’s commitment to the Canadian Tech industry
Metro Bank to open 11 new stores, posts third straight quarter of profits
Metro Bank reports a first half pre-tax profit of £15.4m compared with a loss of £10.5m in the year ago period
Has distrust in the Chinese mortgage market created opportunities for neo-banks?
Phoebe Hodgson examines the prospects for China-based digital challengers to steal mortgage market share from incumbent lenders
Patents signal: banking and payments sector patents activity drops sharply in 2023
Fintech, digital banking, online payments and cybersecurity remain the most active themes for patent activity ahead of AI ranking a distant fifth
Jobs signal: US, Canada and UK banking sector hiring down sharply for the year to date
The Indian banking sector jobs sector is holding up strongly compared to big drops in hiring activity in the US, Canada and the UK