Transaction banking: a rising star in the financial services industry
A new era of transaction banking has dawned upon the banking sector. Mohamed Dabo reports slew of poor results from the investment banking arms of the world’s major…
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A new era of transaction banking has dawned upon the banking sector. Mohamed Dabo reports slew of poor results from the investment banking arms of the world’s major…
By Mohamed DaboThe primary challenge for retail-banking leaders is to manage a shift away from a distribution paradigm that, in just…
By Mohamed DaboThe folks at TSB Bank are unhappy about the way consumers are being treated by 'a number of players'…
By Mohamed DaboA new reality is taking shape in retail banking, giving banks further challenges. Mohamed Dabo delves into the data from the…
By Mohamed DaboThe pandemic has brought about a reduction of 40 million in the unbanked populations of Brazil, Colombia and Argentina. Mohamed Dabo reports…
By Mohamed DaboAfter a brief slump in 2020, the US initial public offering (IPO) market has managed to bounce back to…
By Mohamed DaboThe Hong Kong Monetary Authority (HKMA) is urging banks and all authorised institutions (AIs) to 'introduce additional effective measures…
By Mohamed DaboThe Financial Conduct Authority (FCA) has announced its Business Plan for 2021-22. Mohamed Dabo looks at a document that lays out…
By Mohamed DaboBritain’s new target to reach net zero greenhouse gas emissions is 2050. Mohamed Dabo looks at the green finance strategy of…
By Mohamed DaboPandemics and environmental risks are viewed as similar in terms of impact, representing an important wake-up call for decision…
By Mohamed DaboRoyal Bank of Canada announced today that its board of directors has declared a quarterly common share dividend of…
By Mohamed DaboThe NatWest Group and Mastercard have embarked on a further expansion of their partnership by bringing faster, secure online…
By Mohamed DaboRetail central bank digital currencies (Retail CBDCs) promise to provide cash-like safety and convenience for peer-to-peer payments. Mohamed Dabo looks at…
By Mohamed DaboThe Financial Conduct Authority (FCA) and the Payment Systems Regulator (PSR) say they’ll make sure that cash, and the…
By Mohamed DaboSmartStream Technologies is the financial Transaction Lifecycle Management (TLM®) solutions provider. Roland Brandli, the strategic product manager, speaks with Mohamed Dabo…
By Mohamed DaboA new study from Deloitte Research has highlighted hyper-personalisation as a precondition for success in retail banking. Mohamed Dabo reports Hyper-personalisation…
By Mohamed DaboSpurred by high demands placed on call centres during the pandemic, chatbots have taken on new prominence. Mohamed Dabo reports on…
By Mohamed DaboNew vehicle financing is returning to pre-pandemic levels as inventory shortages continue to push average loan amounts and monthly…
By Mohamed DaboSeveral banks have been reporting issues to complaints tracker Downdetector as their online apps suffered an unexpected outage this…
By Mohamed DaboThe net profits of Qatari banks returned to pre-pandemic levels in the first half of 2021 despite higher levels…
By Mohamed DaboSnapshot for week beginning 8 September. The pace of banking mergers and acquisitions (M&As) continues to pick up, with…
By Mohamed DaboFitch Ratings has revised the Outlook on the Long-Term Issuer Default Rating (IDR) of Bank of the Philippine Islands…
By Mohamed DaboA new study reveals how well banks look after its customers, based on a survey of thousands of individuals…
By Mohamed DaboMajor banks are in advanced talks about setting up community banking hubs to protect swathes of the UK from…
By Mohamed DaboWith five cities declared "red alerts" areas this week, after torrential rain that left 21 people dead and forced…
By Mohamed DaboChina’s new bank loans fell more than expected in July to their lowest in nine months while broad credit…
By Mohamed DaboThe Financial Conduct Authority (FCA) has received a total of 2,754 separate allegations of misconduct, including fraud, money laundering…
By Mohamed DaboSnapshot for week beginning 1 August. The Covid-19 pandemic has set the stage for accelerated bank mergers and acquisitions…
By Mohamed DaboWells Fargo has delayed plans for employees to return to corporate offices by a month in response to the rise…
By Mohamed DaboTokyo-based SoftBank Group has reported net profit for the April-June quarter fell 39% from a year earlier to 761.5bn…
By Mohamed DaboGoldman Sachs, which has been forging ahead into consumer banking and wealth management, has now hiked up the pay…
By Mohamed DaboThe smart home makes for smart business: According to GlobalData forecasts, the home automation market will expand to $75.3bn…
By Mohamed DaboSnapshot for week beginning 25 July. After a brief slump in 2020, the US initial public offering (IPO) market…
By Mohamed DaboGalvanised from a rebound of its retail bank and a decrease in its provisions for bad debts, BNP Paribas…
By Mohamed DaboNatWest Bank has returned to profit, as bad loan fears ebb, and immediately promised payouts to shareholders. The state-backed…
By Mohamed DaboStarling Bank has announced the acquisition of specialist buy-to-let mortgage lender Fleet Mortgages in a £50m cash and share…
By Mohamed DaboBank of China (BOC) has announced that starting from 25 July 2021 it will reduce fees for use of…
By Mohamed DaboSantander Bank has announced that its Commercial Banking division is collaborating with Revenue Management Solutions (RMS), a healthcare remittance…
By Mohamed DaboDozens of websites across Britain, including those of major banks like Barclays, HSBC, Lloyds, Halifax, TSB, Tesco Bank, and…
By Mohamed DaboUK Government Investments (UKGI), which manages the government’s shareholding in NatWest, says it is aiming to sell shares over…
By Mohamed DaboSnapshot for week beginning 11 July. The IPO business, which retreated for a good part of 2020 and early…
By Mohamed DaboSantander UK and Infosys Finacle have announced the roll out of Santander UK's international cash management platform as part…
By Mohamed DaboSwiss banking giant UBS has reported a 63% rise in second-quarter net profit as markets continued to facilitate the…
By Mohamed DaboBeijing’s push for greater green financing in China is prompting leading financial institutions to step up their environmental information…
By Mohamed DaboUS banks are sitting on a pile of cash that could turn into billions of dollars of profits, but…
By Mohamed DaboThe Bank of Tokyo-Mitsubishi UFJ (MUFG Bank) plans to get rid of in-person service counters, including those for opening…
By Mohamed DaboThe oldest banks in the United Arab Emirates is preparing for a digital-only future as it fends off competition…
By Mohamed DaboCitigroup managed to beat second-quarter expectations for revenue in spite of a 12% decline from a year earlier, driven…
By Mohamed DaboThe second-quarter results of Wells Fargo bank were boosted by a $1.6bn release of its credit loss reserves as…
By Mohamed DaboSnapshot for week beginning 04 July. For the first time in history, global venture investments broke through the USD100…
By Mohamed DaboA revolutionary banking platform and currency anchored to physical gold, designed to protect customers not banks, is the new…
By Mohamed DaboJPMorgan, the biggest US bank by assets, has reporter second quarter net income of $11.9bn, up $7.3bn, driven by…
By Mohamed DaboRetail banks have been issued a warning by the Financial Conduct Authority (FCA) about continuing weaknesses and failings surrounding…
By Mohamed DaboThe bank of England (BoE) has announced it is ending its restrictions on banks’ dividend payouts and share buybacks,…
By Mohamed DaboSouth Korean banks are set to ease rules on fresh loans for households and small businesses in the third…
By Mohamed DaboThe Financial Conduct Authority (FCA) has fined the Lloyds Bank’s insurance arm £90m for failing to ensure that millions of…
By Mohamed DaboTide, a UK business financial platform, has launched Tide Credit Builder to help small businesses build up their Experian credit…
By Mohamed DaboSnapshot for week beginning 27 June. With dealmakers counting on economic recovery, the banking sector is witnessing a rebound…
By Mohamed DaboLloyds Banking Group has taken the first step to becoming a large private landlord as it searches for new…
By Mohamed DaboBarclays Bank has become the latest UK bank to block customers from making credit and debit card payments to…
By Mohamed DaboWhile many companies are hailing the Covid work-from-home experiment as a success, top Wall Street firms such as Goldman Sachs…
By Mohamed DaboCash management specialist Loomis UK and NatWest are rolling out their Same Day Credit solution nationwide following a successful…
By Mohamed DaboThe Welsh government says 30 branches of a new community bank will open across the country within the next…
By Mohamed DaboThe British government says it aims to transition to a green financial system and mobilise investment for a clean…
By Mohamed DaboGhana International Bank (GHIB), a London-based pan-African bank, has announced that it has partnered with engagement banking technology provider…
By Mohamed DaboSnapshot for week beginning 20 June. Over the years, privately placed debts have emerged as an important source of…
By Mohamed DaboThe Reserve Bank of India (RBI) has set a deadline of 30 July for banks to relinquish the current…
By Mohamed DaboActivist investors, who have been successful in forcing US and European companies to divest their fossil fuel holdings, are…
By Mohamed DaboLloyds Bank’s call centres are trying out new ways of dealing with rude and abusive customers as the Coronavirus…
By Mohamed DaboZand, which aims to be the first fully independent digital bank in the UAE, gears up to launch both…
By Mohamed DaboSWIFT’s new strategy for instant, frictionless payments and securities processing has received the endorsement of Six leading global banks.…
By Mohamed DaboSnapshot for week beginning 13 June. Accenture, the consulting giant that has announced 65 deals in the past two…
By Mohamed DaboCredito Emiliano (Credem), one of the largest 10 banks in Italy, has gone live with a new mobile app,…
By Mohamed DaboMany regional banks are emerging from the pandemic with loads of cash. As Mohamed Dabo reports, interest in acquisitions…
By Mohamed DaboGoldman Sachs has launched a transaction bank in Britain as the global investment bank steps up its move into…
By Mohamed DaboThe stricter capital requirements proposed for banks exposed to volatile cryptocurrencies reflect the high degree of risk of crypto-assets,…
By Mohamed DaboBrazil’s exporters' association (AEB) is suing several foreign and domestic banks for 19bn reais ($3.77bn) over alleged manipulation of…
By Mohamed DaboJPMorgan Chase has agreed to buy digital wealth manager Nutmeg Saving and Investment, part of a push to establish…
By Mohamed DaboArtificial intelligence (AI) is bringing retail banking its deepest level of disruption in decades, if not ever. Mohamed Dabo…
By Mohamed DaboDespite seeing stronger revenues, African banks are facing a challenging path to recovery. Mohamed Dabo reports In plotting their…
By Mohamed DaboBank of America is now spending over $1bn a year on cybersecurity, CEO Brian Moynihan said in an interview…
By Mohamed DaboSnapshot for week beginning 6 June. In the low interest environment of the Covid-19 crisis, banks are increasingly hunting…
By Mohamed DaboHSBC is taking major steps to becoming an all-digital bank. Mohamed Dabo reports Last November, the bank made two…
By Mohamed DaboHSBC has launched an Application Programming Interface (API) Developer Portal - develop.hsbc - which will support all its market facing APIs. It…
By Mohamed DaboSnapshot for week beginning 30 May. US banks were well capitalised going into the global pandemic, but the outbreak…
By Mohamed DaboG4S, a UK’s secure cash management firm, is partnering with OneBanks, a shared branch banking innovator, to enable banking…
By Mohamed DaboThe Bank of England (BoE) has published the Climate Biennial Exploratory Scenario (CBES) to explore the financial risks posed…
By Mohamed DaboNew data from FICO, the global analytics software provider, reveals the levels of consumer tolerance to new account opening security…
By Mohamed DaboHSBC UK has become the first high-street bank to launch a free news-style mobile app to help British businesses…
By Mohamed DaboThe Financial Conduct Authority (FCA) says many cryptoasset companies are failing to meet money laundering standards. In a 3…
By Mohamed DaboStarling Bank will once again allow its customers to transfer money to cryptocurrency platforms, ending a temporary ban imposed…
By Mohamed DaboSnapshot for week beginning 23 May. Many regional banks are emerging from the pandemic with massive cash reserves and…
By Mohamed DaboBankable, Aion Bank, and Vodeno have announced a 10-year strategic, multi-layered partnership for all European markets and the UK.…
By Mohamed DaboBahrain’s public prosecutor has referred 13 banks, including Iran’s Central Bank, to court for money laundering and other “unlawful…
By Mohamed DaboTD Bank says its second-quarter profit more than doubled compared with a year ago as the bank recovered some…
By Mohamed DaboHabib Bank Limited (HBL) has become the first bank in Pakistan to invest in a digital fintech startup with…
By Mohamed DaboFitch Ratings has revised upward its assessment for China’s bank operating environment (OE), to ‘bbb-’/Positive from ‘bb+’/Stable. The upgrade…
By Mohamed DaboSnapshot for week beginning 16 May. Access Bank, one of Nigeria’s largest banks, has embarked on a round of…
By Mohamed DaboThe coming months have been billed as a uniquely favourable time for bank mergers and acquisitions in Italy. Mohamed…
By Mohamed DaboThe Financial Conduct Authority (FCA) has warned that the rise in scams represents a serious threat to a legitimate…
By Mohamed DaboNatWest Bank now allows its customers to set their own daily bank transfer limits, hoping it will help combat…
By Mohamed DaboMicrocredits allow low-income households to better cope with risk and to enjoy greater flexibility in how they earn and…
By Mohamed DaboThe Monetary Authority of Singapore (MAS) has launched several initiatives to expedite green finance in the city-state through improving…
By Mohamed DaboThe increasing awareness on Islamic banking and finance has created a huge potential demand that Western banks have largely…
By Mohamed DaboThe US Federal Reserve is exploring the possibility of developing a digital currency that “could be designed for use…
By Mohamed DaboThe Birmingham Energy Institute (BEI) and HSBC UK have launched a new four-year philanthropic partnership to support businesses across the West Midlands…
By Mohamed DaboHSBC Bank has strongly urged shareholders not to attend its Annual General Meeting (AGM) in person and instead to…
By Mohamed DaboInvestment firm BlackRock has announced that it is expanding its $50m philanthropic Emergency Savings Initiative, to include five new…
By Mohamed DaboHM Revenue & Customs, the tax authority of the UK government, and the most impersonated organisation in the country…
By Mohamed DaboSnapshot for week beginning 9 May. The British government has sold 5% of its stake in NatWest, one more…
By Mohamed DaboHSBC customers who fell behind on repayments between 2010 and 2019 have been sent refunds of £50, after the…
By Mohamed DaboAn urgent warning has been issued to all HSBC customers in the UK: watch out for the following text…
By Mohamed DaboThe Financial Conduct Authority (FCA), the conduct regulator for 58000 financial services firms and financial markets in the UK,…
By Mohamed DaboLloyds Banking Group has selected Allianz Partners UK to underwrite and administer its travel insurance offering. Under the recently…
By Mohamed DaboSantander said its services have returned to normal after a “technical problem” which left some customers unable to make…
By Mohamed DaboStarling will soon launch a fresh fleet of adverts for the summer to showcase its app to the UK’s…
By Mohamed DaboCannabis companies in the US lack access to banking and other financial services because the drug is federally illegal.…
By Mohamed DaboA US regulator has asked major banks to think up ways of making loans to people who don’t have credit…
By Mohamed DaboCitigroup aims to hire some 1000 private bankers and relationship managers in Hong Kong as it prepares to shed…
By Mohamed DaboSnapshot for week beginning 2 May. Western media coverage of Africa has always been dramatic, seesawing between passionate eulogising…
By Mohamed DaboEarly signs of economic recovery are putting US banks under growing pressure to slash funds they held for potential…
By Mohamed DaboFrance's biggest lender is finally waking up to the long-neglected potential of the country’s growing army of self-employed. BNP…
By Mohamed DaboHSBC has issued the first green mortgages in the UAE, as the Arab country races to find new ways…
By Mohamed DaboFour lenders that have been struggling to keep up with the staggering demand for Covid business loans have asked…
By Mohamed DaboUS bank Citigroup is looking into the possibility of providing cryptocurreny-related services as demand for digital assets continues to…
By Mohamed DaboEurobank in Greece has selected Temenos Wealth to strengthen its position in wealth management and affluent segment services. Eurobank,…
By Mohamed DaboFrench banking group Société Générale has published net income of €814m for the first quarter of 2021, against a…
By Mohamed DaboSnapshot for week beginning 25 April. The economic effect of the pandemic has resulted in tightened credit standards and…
By Mohamed DaboVirgin Money said its first-half underlying profit before tax more than doubled to £245m (H1 2020: £120m), as the…
By Mohamed DaboThe Central Bank of the United Arab Emirates (UAE) has issued a new regulation designed to develop specialised banks…
By Mohamed DaboWith Barclays Bank’s Annual General Meeting (AGM) due on Wednesday 5 May, a group of investors have written to…
By Mohamed DaboDeutsche Bank has reported its highest quarterly Group profits in seven years. Profit before tax was € 1.6bn for the…
By Mohamed DaboNatWest Bank says its pre-tax profits soared by 82% to £946m over the three months to March. That compares…
By Mohamed DaboSnapshot for week beginning 18 April. Singapore’s financial powerhouse DBS Bank is set to become the largest shareholder of…
By Mohamed DaboLloyds bank has reported a pre-tax profit of £1.9bn on net income of £3.7bn in the first three months…
By Mohamed DaboHSBC has reported profit after tax of $4.6bn, which was $2.1bn or 82% higher than in 1Q20; profit before…
By Mohamed DaboFitch Ratings has revised the outlook for the four large Australian banks to Stable from Negative. A significant and…
By Mohamed DaboUS home prices are rising coast to coast and are outstripping wages and rents. Some say it's another housing…
By Mohamed DaboCryptocurrencies are high risk and speculative, and NatWest will refuse to serve any business customers that accept them as…
By Mohamed DaboThe competition to win new banking customers seems about to heat up, with HSBC now offering a £20 Uber…
By Mohamed DaboSnapshot for week beginning 11 April. Europe’s fintech startups have continued raising vast amounts of capital over the lockdown…
By Mohamed DaboThe American banking giant JPMorgan Chase has made European football fans angry by agreeing to finance the Super League.…
By Mohamed DaboToday, Barclays Bank is opening its new 95% LTV Mortgage Guarantee Scheme products for applications. The move follows on…
By Mohamed DaboHSBC Bank has launched a mobile business banking app designed to help UK small business owners. Mohamed Dabo spoke…
By Mohamed DaboFor consumers in financial distress, banks are willing to help, says the Financial Conduct Authority (FCA). As Mohamed Dabo…
By Mohamed DaboThe UK has announced plans to end the London interbank Offered Rate (Libor) at the end of this year.…
By Mohamed DaboEver more numerous, neobanks have imposed their digital model in France. Mohamed Dabo reports on a booming sector The…
By Mohamed DaboBank of England governor Andrew Bailey has unveiled the design of the new £50 banknote featuring the scientist Alan…
By Mohamed DaboThe Coronavirus pandemic has stifled competition among banks in the current account market, leading to a dramatic fall in…
By Mohamed DaboVirgin Money has launched a high-interest current accounts that pays better rates than many savings accounts. A high-interest account…
By Mohamed DaboIn partnership with Shelter, and other UK and local charities, HSBC Bank is helping people without a fixed home…
By Mohamed DaboTens of thousands of scam messages are being sent out to lure customers at Barclays, Halifax, HSBC, and Lloyds…
By Mohamed DaboCommerzbank and Google Cloud have announced they are expanding their collaboration by entering a five-year strategic partnership intended to…
By Mohamed DaboThe federal stance on marijuana as a controlled substance and lack of regulatory guidance have left US banks in…
By Mohamed DaboThe Federal Reserve has announced plans to allow most banks to resume dividend payouts and stock buybacks after 30…
By Mohamed DaboAs the UK marks one year since the first coronavirus lockdown, Mohamed Dabo has dug up a selection of…
By Mohamed DaboHSBC’s ‘Asia pivot’ gets a shot in the arm as the bank hires 3000 representatives to comb through mainland…
By Mohamed DaboSnapshot for week beginning 14 march. US financial institutions are banking on dealmaking—banking mergers and acquisitions, divestitures, and alternative…
By Mohamed DaboHSBC Holdings has engaged in discussions to sell its unprofitable French retail bank to New York-based private-equity firm Cerberus…
By Mohamed DaboSeveral banks, including TSB, Metro Bank, and Co-operative Bank, have written to the governor of the Bank of England…
By Mohamed DaboMyanmar's military junta is coercing banks to reopen, by threatening to force them to transfer deposit accounts to military-controlled…
By Mohamed DaboSnapshot for week beginning 7 March. If last year was not a year to make a deal, 2021 is…
By Mohamed DaboUK digital bank Revolut is pulling out of Canada, nearly 18 months after introducing a beta version there. The…
By Mohamed DaboNatWest Bank has come under criminal investigation from the Financial Conduct Authority (FCA) for allegedly failing to comply with…
By Mohamed DaboThe Financial Conduct Authority (FCA) has launched a probe into the consumer credit unit of Provident Financial, the UK’s…
By Mohamed DaboCitigroup has begun offering some of its US employees who are still working at offices and branches a rapid…
By Mohamed DaboThe Collapse of Greensill Capital—described by analysts as “a ticking time bomb”—continues to spread pain and fear throughout the…
By Mohamed DaboFitch Ratings believes Japan’s already challenged banking industry will be further stung by lasting economic scars from the coronavirus…
By Mohamed DaboSnapshot for week beginning 28 February. Scandinavia was the hottest spot during the dealmaking week. Across Europe, mergers to…
By Mohamed DaboHSBC has unveiled a record £15bn lending fund for Britain’s small businesses, to help spur on their recovery from…
By Mohamed DaboM&S Bank has announced that it will close all customer current accounts and linked monthly savings accounts in August.…
By Mohamed DaboFrench banks are struggling to restrain their rising the costs as profitability slides. Mohamed Dabo reports The profit margins…
By Mohamed DaboWith bank and building society branches disappearing at a frightening pace, some members of Parliament are pushing for the…
By Mohamed DaboThe Financial Conduct Authority (FCA) has announced a formal end to nearly all Libor rates at the end of…
By Mohamed DaboMajor British lenders—including Lloyds, NatWest, Santander, Barclays and HSBC—are in support of a government mortgage guarantee scheme designed to…
By Mohamed DaboThe Chancellor of the Exchequer’s decision to raise the contactless payment limit from £45 to £100 has sparked strong…
By Mohamed DaboSnapshot for week beginning 21 February. The Australian M&A market is abuzz with anticipation. A significant banking deal sets the…
By Mohamed DaboSainsbury’s Bank has resumed issuing credit cards and personal loans to self-employed workers, a reversal of temporary coronavirus lending…
By Mohamed DaboThe bank of Ireland has announced it will close half of its 28 branches currently operating in Northern Ireland,…
By Mohamed DaboNatWest has launched a new payments service that participating retailers can use without a debit or credit card. The…
By Mohamed DaboSnapshot for week beginning 14 February. It was another busy week for dealmakers, with 47 global deals cornered by…
By Mohamed DaboThe Federal Reserve’s electronic payment system known as Fedwire was thrown into turmoil for several hours on 24 February…
By Mohamed DaboThe Lloyds Banking Group says its profit crashed by 72% in 2020 as the bank struggled with the Covid-19…
By Mohamed DaboBank branches are in the throes of the same seismic shift taking place across the retail sector. Mohamed Dabo…
By Mohamed DaboSeeing its profit plunge 34%, HSBC doubles down on Hong Kong, where the bulk of its earnings comes from,…
By Mohamed DaboBank-fraud activity jumped by 66% between July and December 2020. As Mohamed Dabo reports, Barclays has warned against the…
By Mohamed DaboThe battle between UK retail banks to win the bank balances of mainstream customers is back in full swing.…
By Mohamed DaboNatWest, one of the Big Four clearing banks in the UK, is planning a phased withdrawal from the Republic…
By Mohamed DaboBritish banking giant Barclays says it garnered before-tax profit of £3.1bn (2019: £4.4bn) in 2020, even after setting aside…
By Mohamed DaboSnapshot for week beginning 7 February. The global momentum in dealmaking that started at the beginning of the year…
By Mohamed DaboPhilippines President Rodrigo Duterte has signed the Financial Institutions Strategic Transfer (FIST) Act, a law that will enable firms…
By Mohamed DaboAny digital currency should come from the central bank to ensure the public interest, not private sector profits, said…
By Mohamed DaboPayPal CEO, Dan Schulman has revealed that his company could be a distributor of central bank digital currencies (CBDCs),…
By Mohamed DaboSnapshot for week beginning 31 January. A strategic purchase leads this week’s transactions, in a year billed as the…
By Mohamed DaboEmerging from a difficult year, the French banking Group has reported a Q4 net profit of €470m from a…
By Mohamed DaboKPMG has issued its Hong Kong Banking Outlook 2021, highlighting some bright spots amid the challenging times. Mohamed Dabo…
By Mohamed DaboPresident Biden’s focus on helping minorities and people with low and moderate incomes will lead to more robust consumer…
By Mohamed DaboMore than 60% of 18-30-year olds are considering changing banks in 2021, has revealed an annual survey on banking…
By Mohamed DaboCanada’s civil rights and indigenous groups want the nation’s banks to disclose data related to race, gender, income, and…
By Mohamed DaboSumitomo Mitsui Banking Corporation has announced the launch of Sustainability-Linked Loan (“SLL”) financing for its overseas Japanese customer’s “environmentally…
By Mohamed DaboA new survey has found marked differences between UK and US consumers around reasons to switch to digital-only banks.…
By Mohamed DaboCommerzbank, Germany’s second-largest lender, has reported a net loss of almost €2.9 bn, its first since the Great financial…
By Mohamed DaboSnapshot for week beginning 24 January. It was a busy week for banking dealmakers. They were involved in 16…
By Mohamed DaboSpain’s Santander, the euro zone’s second-biggest bank, booked a record annual loss of €8.77bn in 2020, as Q4 net…
By Mohamed DaboMore and more Swedish banks are turning loan applicants away if their businesses are deemed not clean enough to…
By Mohamed DaboThe Royal Bank of Canada (RBC) has financed over $178bn in fossil fuel projects since the Paris Agreement on…
By Mohamed DaboThe Financial Conduct Authority (FCA), the watchdog that oversees financial firms providing services to consumers, has asked banks to…
By Mohamed DaboATM transactions declined by 37% in 2020, though UK adults still withdrew more than £1,500 on average from cash…
By Mohamed DaboTemenos has announced its next-generation end-to-end corporate lending platform, designed to help banks digitally transform their entire corporate banking…
By Mohamed DaboSnapshot for week beginning 17 January. Earlier this month, the IMF projected an impressive 11.5% growth rate for India…
By Mohamed DaboIslamic finance is a relatively young and undeveloped sector of the German financial services industry. Two new entrants in…
By Mohamed DaboThe National Crime Agency (NCA) says it has arrested three men working for a London financial institution, as part…
By Mohamed DaboWith greedy business owners, criminal gangs, and rogue landlords having fraudulently acquired bounce back loans, UK banks have begun…
By Mohamed DaboFor the better part of a year, Canadian banks have been stashing away enough capital to protect themselves against…
By Mohamed DaboTesco customers are seeing red after a technical defect caused their bank accounts to be debited—often multiple times—months after…
By Mohamed DaboThe Financial Conduct Authority (FCA) has fined Barclays Bank £26m for “failures in relation to their treatment of consumer…
By Mohamed DaboBarclays Bank is not liable for restitution to a woman who was conned into handing over £700,000 to scammers…
By Mohamed DaboSnapshot for week beginning 10 January. Transactions in the retail banking and lending sector continue at the brisk pace…
By Mohamed DaboThe UK’s emergency Covid loans will hit their one-year anniversary dates in March, marking the end of the 12-month…
By Mohamed DaboJPMorgan Chase, America’s largest bank by assets, has reported 2020 fourth quarter net income of $12.1bn, or $3.79 per…
By Mohamed DaboThe Financial Conduct Authority (FCA) has issued a warning about adverts online and on social media promising high returns…
By Mohamed DaboSnapshot for week beginning 3 January 2021. The banking sector ushered in the new year with a raft of…
By Mohamed DaboCanada’s leading banks say they forecast no recovery in consumer spending in the short term, but expect it to…
By Mohamed DaboHSBC Bank says the wearing of face masks is now compulsory in all its branches, a measure designed to…
By Mohamed DaboCaixa Geral de Depósitos (CGD), Portugal’s largest bank, has partnered with engagement-banking technology provider Backbase to accelerate its digital…
By Mohamed DaboKomerční banka, one of the largest banks in the Czech Republic, has chosen Temenos Transact to digitally transform its…
By Mohamed DaboBanks forked over a total of $15.13bn (€12.79bn) in aggregated bank fines last year, according to data from the…
By Mohamed DaboRevolut, the British “unicorn” fintech startup, has applied for a full banking licence in the UK, submitting its application…
By Mohamed DaboWhich?, a non-profit consumer protection organisation, has rated 16 of the biggest UK banks on the security of their…
By Mohamed DaboShivalik Small Finance Bank (SSFB) has received a license from Reserve Bank of India (RBI) to carry on banking…
By Mohamed DaboArab Investment Bank, an investment and commercial bank under the supervision of the Central Bank of Egypt (CBE), has…
By Mohamed DaboPowerful forces are now operating to alter retail banking for a new digital era of empowered customers. Mohamed Dabo…
By Mohamed DaboAn increasing demand for a digital banking experience is transforming how the entire banking industry operates. Mohamed Dabo reports…
By Mohamed DaboTemenos has announced that Alpian SA has selected Temenos Transact, core banking and Temenos Payments delivered as SaaS to…
By Mohamed DaboMajor UK banks are set to remain profitable this year despite the effects of the coronavirus. The BoE estimated…
By Mohamed DaboThe Bank of England (BOE) is reviewing its mortgage market recommendations to take account of record-low interest rates, which…
By Mohamed DaboUK banks are healthy enough to withstand severe economic blows and still continue to lend during the pandemic, Bank…
By Mohamed DaboBPC, a global provider of digital payment solutions, has unveiled its new mobile and digital banking app solution, designed to…
By Mohamed DaboSantander has pledged £1m to support small and medium businesses (SMEs) in the Leeds City Region with new apprenticeship…
By Mohamed DaboTymeBank, South Africa’s first digital-only bank, has teamed up with IDEMIA, a global player in augmented identity, to deliver…
By Mohamed DaboFraudsters have made away with $2bn from the California Employment Development Department (EDD), one of the largest departments in…
By Mohamed DaboThe Bank of Queensland (BOQ) Group has selected Fiserv, Inc., a global provider of payments and financial services technology…
By Mohamed DaboCovid-19 has strained existing operations and forced providers to change their products, service delivery, and business models during acute…
By Mohamed DaboIndia’s central bank, the Reserve Bank of India (RBI), has ordered HDFC, one of India’s largest private sector banks,…
By Mohamed DaboBarclays Bank has publishing a new climate dashboard designed to keep track of its progress towards a net zero…
By Mohamed DaboLarsen & Toubro Infotech (LTI), a global technology consulting and digital solutions company, has partnered with Temenos to launch…
By Mohamed DaboThe Covid-19 pandemic is thrusting Japanese banks deeper into the digital age with the revamping of branch outlets and…
By Mohamed DaboIn its full-year financial results Virgin Money has disclosed a 77% drop in profit, partly due to £501m ($658m)…
By Mohamed DaboUlster Bank is to cut nearly all of its fixed mortgage rates from 26 November, making a number of…
By Mohamed DaboEntersekt, a major player in device identity and omnichannel authentication, has announced a partnership with Cellulant, Africa’s leading financial…
By Mohamed DaboUK retail and commercial bank NatWest let itself be browbeaten by the Russian state into shutting Bill Browder’s account,…
By Mohamed DaboOutdoing earlier predictions by founder and CEO Anne Boden to break even by year-end, Starling bank has announced that…
By Mohamed DaboVirgin Money UK has announced the closure of its Yorkshire Bank branch on Kirkgate, effective 16 March 2021, which will leave…
By Mohamed DaboVirtual bank competition in Hong Kong is off to a slow start as growth prospects are still hindered by…
By Mohamed DaboPayability, a major funding platform for eCommerce businesses, says it has partnered with online marketplace Newegg to launch Newegg…
By Mohamed DaboThe government needs to level the playing field between non-bank lenders and banks to deliver emergency loans to small…
By Mohamed DaboLondon-based enterprise connectivity platform Yapily has launched in Germany as it turns its attention to “driving open banking adoption…
By Mohamed DaboTemenos, the banking software company, has published a new report by The Economist Intelligence Unit (EIU) based on an…
By Mohamed DaboBarclays and HSBC have been taken to task by environmental activists, after the banks increased their fossil fuel investments…
By Mohamed DaboTemenos, the banking software company, has announced that BlueShore Financial, a boutique full service financial institution, has signed for…
By Mohamed DaboBritish lenders face a growing stream of new demand for loans as Covid-hit businesses seek funds to cope with…
By Mohamed DaboBanks were able to prevent more than £1bn in Covid-19 support loans from being paid out to scammers, according…
By Mohamed DaboCanadians were up in arms earlier this year when a regulator’s report into how banks deal with customer complaints…
By Mohamed DaboVideo banking provides a high-tech alternative to face-to-face interactions. Mohamed Dabo reports on the next-level efficiency in consumer banking. Video banking…
By Mohamed DaboAs the Bank of England hints at cutting the base rate from 0.1% to below zero for the first…
By Mohamed DaboCitigroup has named a new leader for its global consumer bank, as the former head is promoted to CEO.…
By Mohamed DaboBanks have been partially replaced by fintech companies that offer faster, more convenient, and cheaper financial services. Mohamed Dabo brings you…
By Mohamed DaboBNP Paribas Group posted net income of nearly €1.9bn in the third quarter, or 2.3% less than a year…
By Mohamed DaboThe Covid-19 pandemic is expected to see business lending grow by 14.4% this year – the highest level in…
By Mohamed DaboLloyds Bank has announced a pre-tax profit of £1bn ($1.3bn) in the third quarter on income of £3.4bn, recovering…
By Mohamed DaboSuccessfully maintaining the flow of credit to consumers is at the centre of any solution to the coronavirus crisis.…
By Mohamed DaboFour important trends are changing the terms of success in retail banking. New research by McKinsey & Company looks…
By Mohamed DaboPresenting the biggest challenge to global mortgage markets since the 2008 financial crisis. mortgage markets since the 2008 financial…
By Mohamed DaboBarclays became the first major UK bank to report third-quarter results today: group profit before tax for the first…
By Mohamed DaboThere has been a record growth in unsecured consumer credit granted by Finnish credit institutions. Mohamed Dabo reports on…
By Mohamed DaboAssurant, a global provider of lifestyle and housing solutions that support, protect and connect major consumer purchases, has partnered…
By Mohamed DaboThe UK’s National Crime Agency (NCA) has announced that it is carrying out a “thorough assessment” into allegations that…
By Mohamed DaboBank of Ireland, the only major bank in Ireland that does not currently support Apple Pay, says it will…
By Mohamed DaboUlster Bank, a retail bank and one of the Big Four Irish clearing banks, has put into circulation new…
By Mohamed DaboThe Central Bank of the Bahamas (CBOB) is preparing to launch its new digital currency, the so-called Sand Dollar,…
By Mohamed DaboOne year after setting out its 2022 strategy, TSB Bank has expanded its relationship with Adobe to make greater…
By Mohamed DaboThe International Finance Corporation (IFC) has announced a finance guarantee facility to Union Bank to boost access to finance…
By Mohamed DaboSantander in North Walsham is closed until October 21 as staff cover for colleagues at the firm’s Norwich bank,…
By Mohamed DaboBanking software company Temenos has announced that Ahli Bank of Jordan has gone live with cloud-native Temenos Infinity to…
By Mohamed DaboBanking software provider Temenos has announced that FlowBank has selected Temenos Transact delivered as SaaS to power its new…
By Mohamed DaboStandard Chartered Bank in Singapore has partnered Moneythor, a digital banking software provider, to launch its new data-driven SC…
By Mohamed DaboDenmark’s biggest lender Danske Bank will slash 1,600 jobs as part of its ongoing effort to save money amid…
By Mohamed DaboTemenos, the banking software company, today announced that Banca Mediolanum Group’s digital bank, Flowe, has gone live with Temenos…
By Mohamed DaboBanks must now prepare themselves for onslaughts of cyber strikes as criminals will try to exploit every potential disruption…
By Mohamed DaboTSB Bank has announced that it will cut around 900 jobs as part of plans to close 164 of…
By Mohamed DaboWhen other banks considered Mr. Trump too risky a client, Deutsche was the lone bank that stuck with the…
By Mohamed DaboCanada’s six biggest banks said they expect most borrowers who took advantage of pandemic-related deferral programmes to resume payments,…
By Mohamed DaboAustralia has announced plans to relax lending rules in order to jumpstart its economy out of the country’s first…
By Mohamed DaboPrepaid Financial Services (part of a listed entity, EML Payments) has unveiled a range of product enhancements designed “to…
By Mohamed DaboTemenos, the banking software company, has announced that BlueShore Financial has implemented additional functionality for Temenos Transact, the next…
By Mohamed DaboItalian banking group illimity and Italian Open banking firm Fabrick have have announced a joint venture to create HYPE,…
By Mohamed DaboSwedish open banking platform Tink continues its expansion across Europe with the acquisition of the aggregation platform of OpenWrks,…
By Mohamed DaboUK banks are “outrageously failing” many tens of thousands of expat clients across Europe, as the banks set out…
By Mohamed DaboThe US central bank will analyse large banks’ ability to endure two coronavirus-related recession scenarios as part of a…
By Mohamed DaboTemenos has joined forces with Alibaba Cloud to offer financial institutions scalability, performance, resilience and innovation. Temenos, the banking…
By Mohamed DaboMaybank has downgraded its sector outlook on Asean banks to negative, saying their asset quality risks remain high while…
By Mohamed DaboTemenos, the banking software company, has announced that Elevations Credit Union selected Temenos Infinity delivered on the cloud to…
By Mohamed DaboBank branch staff across the United Kingdom worked with the police to stop more than £19m of fraud in…
By Mohamed DaboThe governor of the Bank of Canada warns the slower rebound facing women, young people, and low-wage workers could pose a…
By Mohamed DaboThe US Department of Justice has charged 57 people with trying to steal more than $175m from the Paycheck…
By Mohamed DaboThe Canadian government is creating a new national programme to help Black Canadians get business loans with national banks. The total…
By Mohamed DaboThe Detroit Pistons have partnered with Flagstar Bank to launch a new program called “Pistons IPO: Initial Pistons Offering,”…
By Mohamed DaboThe National Crime Agency (NCA) has been denounced for failing to properly investigate allegations that banks forged signatures and…
By Mohamed DaboBank of Scotland has revealed that the number of first-time buyers in Scotland is at a seven-year low, falling…
By Mohamed DaboMoody's Investors Service says in a new report that pressure continued to rise for Australia's four major banks during…
By Mohamed DaboThe five largest Chinese banks posted at least 10% year-on-year declines in profit for the first half of 2020,…
By Mohamed DaboSeveral key US mortgage refinance rates dropped this week, according to data compiled by Bankrate. The national averages for…
By Mohamed DaboDesperate to fund its massive military and nuclear weapons programmes, the bankrupt North Korean government is attempting bank heists…
By Mohamed DaboAbsa Bank ha initiated family banking solutions, bundled banking benefits “designed for the whole family and tailored for each…
By Mohamed DaboThe Co-operative Bank has announced plans to cut around 350 jobs, as it closes 18 branches and reduces middle…
By Mohamed DaboRegions Bank today announced it has reopened branch lobbies for walk-in service and implemented health and safety best practices to…
By Mohamed DaboThe impact of the coronavirus pandemic is clouding the prospects for digital banks in Asia, according to the credit…
By Mohamed DaboA team of veteran executives in the home finance sector have announced the launch of a new undertaking “to…
By Mohamed DaboMoody's Investors Service says in a new report that China's new loan prime rate (LPR)--which was reintroduced in August…
By Mohamed DaboMortgage insurers in Canada dread extending six-month Covid payment deferrals, anticipating with horror what could happen if the payment…
By Mohamed DaboThe US central bank has partnered with the Massachusetts Institute of Technology (MIT) in a multiyear effort to build…
By Mohamed DaboUS banking giant Citigroup has initiated a lawsuit to recover £134m ($176m) it claims it accidentally transferred to creditors…
By Mohamed DaboAn independent survey asked retail banking customers whether they would recommend their bank to friends and family: their answers…
By Mohamed DaboChina’s Commerce Ministry has announced imminent plans to expand a pilot programme for its homegrown digital currency to include…
By Mohamed DaboFor Abhijit Bose, head of WhatsApp India, there is a remarkable business opportunity in bringing prosperity to the aspiring…
By Mohamed DaboThe Bank of England (BoE) is preparing the City for the possibility of a shift into negative territory for…
By Mohamed DaboMoody's Investors Service says in a new report that a concentration on retail financing and other structural features will…
By Mohamed DaboThe CEOs of 27 firms among New York’s major industries—including banks, tech companies, and consulting firms—are forming a group…
By Mohamed DaboBritain’s banks will lend 15.9% less to individual and household using funds for individual and family purposes, predicts the…
By Mohamed DaboThe US central bank has said it hopes to make its round-the-clock, instant payments system operational "as soon as…
By Mohamed DaboGermany’s second-largest bank has said it wrote off €175m ($207m) in the second quarter related to a large single…
By Mohamed DaboBank lending in Singapore fell for the third consecutive month in May as the contractionary effects of the lockdown…
By Mohamed DaboRevolut has announced the launch of Open Banking for its over 400.000 retail and business customers in Italy. The…
By Mohamed DaboAs the coronavirus pandemic continues to take a mounting toll on the Canadian economy, the Canadian Bankers Association (CBA)…
By Mohamed DaboThe British multinational’s performance in the first half of 2020 was heavily impacted by the Covid-19 outbreak, geopolitical risk,…
By Mohamed DaboDigital bank Varo Money has received a bank charter from the Office of the Comptroller of the Currency (OCC)…
By Mohamed DaboWith the UK and the EU “unlikely” to reach a free-trade agreement by the end of the year and…
By Mohamed DaboGold prices have soared to an all-time high, and banks in India are outdoing one another in the rush…
By Mohamed DaboLloyds Banking Group has reported a rare pre-tax loss of £602m in the first half of the year, after…
By Mohamed DaboSpanish banking giant Banco Santander has announced an €11bn loss in the second quarter, citing Covid-plagued economic environment and…
By Mohamed DaboDevelopment Bank of Singapore (DBS) has partnered with the Government Technology Agency of Singapore (GovTech) to pilot the latter’s…
By Mohamed DaboData from the European Central Bank (ECB) have revealed that lending to nonfinancial firms increased 7.1% year on year…
By Mohamed DaboAs homeowners rush to take advantage of lower rates, mortgage refinance applications have jumped 122% from a year ago,…
By Mohamed DaboBarclays Bank takes a leading role in tackling climate change by becoming one of the first banks to pledge…
By Mohamed DaboWhile banks generally don’t expect the economy to pull out of its slump anytime soon, Bank of America executives…
By Mohamed DaboMajor banks in Hong Kong have suspended their back-to-office plans as a third wave of coronavirus infections—the worse yet—reaches…
By Mohamed DaboChina’s financial regulators have rung the alarm bell about a new wave of bad loans, as the covid-19 crisis…
By Mohamed DaboUp to £36bn worth of government-backed business loans could turn toxic by next year, as firms struggle to repay…
By Mohamed DaboAndrew Bailey, the governor of the Bank of England (BoE), has revealed Britain’s intention to introduce a central bank…
By Mohamed DaboThe lobby group representing Canada’s big banks says there just is “no public policy objective or existing gap in…
By Mohamed DaboThe US-based personal finance innovator that withdrew a 2017 bank license application amid sexual harassment allegations against co-founder and…
By Mohamed DaboThe Canadian banking giants are among the latest companies to climb aboard a campaign that has vowed to fight…
By Mohamed DaboDigital banking startup Yapeal has chosen card-issuing platform Marqeta to help energise its digital wallet. The Marqeta platform facilitates…
By Mohamed DaboThe payments landscape is on the verge of a major transformation. All participants must step up to keep pace…
By Mohamed DaboTSB Bank emerged from a much-publicised IT crisis two years ago determined to regain customer trust. As Mohamed Dabo…
By Mohamed DaboSelf-service is an integral part of today’s consumer banking. NCR’s Robert Johnson warns against complexity as the industry strives…
By Mohamed DaboThe fintech-big bank relationship is often depicted as a David-versus-Goliath story. This is wrong, says Lloyds’ Ravi Bhalla, the…
By Mohamed DaboTymeBank is the first bank to be issued a new banking license by the South African Reserve Bank since…
By Mohamed DaboData from the Bank of Korea (BOK) has revealed that the number of fake South Korean banknotes found in…
By Mohamed DaboBritish online money transfer service TransferWise has received regulatory approval to provide retail investment products and services in Britain.…
By Mohamed DaboOnline shoppers lost over £16m to cybercriminals during the covid-19 lockdown, with younger shoppers bearing the brunt of the…
By Mohamed DaboWarning bells have been sounded over scammers targeting customers and claiming to be from banks or the financial watchdog.…
By Mohamed DaboThe coronavirus pandemic is the biggest challenge faced by financial institutions over the last century. Mohamed Dabo asked what…
By Mohamed DaboMajor banks in Asia have resumed hiring new staff to boost their digital operations. Financial institutions ranging from the…
By Mohamed DaboThe CEO of Japan’s third-largest lender says economic conditions are worse today than they were during the emblematic event…
By Mohamed DaboBritish banks and regulators are discussing the possibility of extending relief measures for covid-hit customers until the end of…
By Mohamed DaboCIMB Bank in Singapore was forced to backtrack after a group of angry customers set up a website to…
By Mohamed DaboSpain’s fifth-biggest lender is preparing to eliminate 235 branches in the country, to trim costs and focus on its…
By Mohamed DaboWorldline has reached a multi-year deal to build and operate an omni-channel contact service centre for BNP Paribas Fortis.…
By Mohamed DaboBrian P. Brooks, acting head of the Office of the Comptroller of the Currency (OCC), has warned that mandating…
By Mohamed DaboUS policy makers are grappling with a paradox that has Black- and other minority-owned businesses facing the biggest hurdles…
By Mohamed DaboUK lenders have approved £27.5bn to more than 650,000 businesses so far through the three major government-backed lending schemes.…
By Mohamed DaboIndia may need to invest up to 1.5tn rupees ($19.81bn) into its state-owned banks, whose bad loans problems have…
By Mohamed DaboState-owned lender Bank Rakyat Indonesia (BRI) is struggling to help customers that are worse off during the pandemic than…
By Mohamed DaboTrillions of euros in ultra-cheap money is too slow getting into the hands of the intended targets, as fearful…
By Mohamed DaboUS banking regulators have temporarily eased a key capital measure for large banks to allow them to grant more…
By Mohamed DaboTesco Bank customers who have been granted credit card payment holidays on the back of the covid-19 crisis have…
By Mohamed DaboThe coronavirus pandemic has ignited a proliferation of attempts to damage, disrupt, or gain unauthorised access to the computer…
By Mohamed DaboTinkoff Bank CEO Oliver Hughes says “this is a brilliant time,” as the Russian online banking platform reports robust…
By Mohamed DaboDebt-plagued Indian banks have petitioned the government to set up a bank that would buy bad loans to help…
By Mohamed DaboCovid-hit Japanese firms' voracious need for funding boosted bank lending faster in April than at any time since the…
By Mohamed DaboThe banking and finance industry has provided financial relief to hundreds of thousands of consumer credit customers whose finances…
By Mohamed DaboEuropean banks have declined the European Central Bank’s offer to pay them to keep loans flowing to eurozone businesses.…
By Mohamed DaboPhilippine banks have increased provisioning to prepare for a possible threefold surge in credit losses, amid sagging domestic economy.…
By Mohamed DaboThe covid-induced surge in loan delinquencies is threatening Vietnamese banks’ earnings and their growing capital momentum. Banks across the…
By Mohamed DaboData released by the Australian Banking Association (ABA) shows that banks are escalating their assistance to consumers and businesses…
By Mohamed DaboBNP Paribas has set aside new provisions in anticipation of a surge in customers defaulting on their loans because…
By Mohamed DaboThe Lending Standards Board (LSB), which provides independent oversight over personal and small business borrowing in the UK, says…
By Mohamed DaboRemote working and disruptive changes in operations are bringing about a range of technical problems that banks across the…
By Mohamed DaboHigh street banks have increased interest rates on new personal loans as fears of the coronavirus raise concerns about…
By Mohamed DaboBanks are giving out fewer Coronavirus Business Interruption Loans (CBILs) as time-consuming steps slow down the processing of the…
By Mohamed DaboPost-covid-19 bank retail branches could be used by investment banking and call centre workers, Barclays chief executive Jes Staley…
By Mohamed DaboKenyans should use digital payment methods instead of cash as a precautionary measure against the coronavirus, the government has…
By Mohamed DaboThe British bank has reported a 42% fall in first-quarter net profit year-on-year and decided to take a £2.1bn…
By Mohamed DaboThe number of card payments in Japan will grow by 2.6% in 2020 and ATM withdrawals will shrink by…
By Mohamed DaboNearly 13,000 Metro bank customers are set to receive more than £10.5m in refund after the bank failed to…
By Mohamed DaboThe Financial Conduct Authority (FCA), Britain’s regulator of the financial services industry, says banks must be impartial in how…
By Mohamed DaboAmerica’s biggest banks gave preferential treatment to their wealthiest clients as they processed the federal government’s $349bn aid package,…
By Mohamed DaboChinese commercial banks’ non-performing loan (NPL) ratio is expected to continue climbing in the second quarter of this year,…
By Mohamed DaboAs consumers everywhere take to online shopping amid coronavirus social distancing and lockdown mandates, cybercriminals are increasingly focusing on…
By Mohamed DaboBanks and credit unions across the United States have run low on cash as the coronavirus pandemic prompts customers…
By Mohamed DaboWhile banks, lenders, and credit card issuers are offering assistance, many customers who have been financially affected by the…
By Mohamed DaboThe US government’s $349bn emergency small business lending program has officially tapped out, leaving small business owners waiting in…
By Mohamed DaboNew measures designed to help credit card holders and debtors that are impacted by the coronavirus pandemic will take…
By Mohamed DaboBanks are bracing for billions in credit card losses as cash-strapped customers struggle with rising unemployment and salary cuts…
By Mohamed DaboThe Taiwanese government has made available an additional $1.33bn, on top of the previous $2bn (T$60bn) package, to stimulate…
By Mohamed DaboBig banks are setting aside billions in additional money to get ready for an avalanche of loan defaults as…
By Mohamed DaboAs US lenders strive to divvy up the government’s $349bn aid package, Black-owned and other minority-owned businesses are struggling…
By Mohamed DaboAll customers visiting bank retail branches must now wear face masks to be allowed to enter, the Association of…
By Mohamed DaboThe Federal Reserve is modifying the asset cap it has imposed on Wells Fargo so the bank can participate…
By Mohamed DaboBank of America will host its 2020 annual meeting of shareholders via a live webcast due to public health…
By Mohamed DaboThe heads of Britain’s Barclays and Spain’s Banco Sabadell are the latest European bank captains to sacrifice part of…
By Mohamed DaboThe UK’s biggest business lender is receiving nearly 10 times as many calls as usual from ailing firms vying…
By Mohamed DaboThe Monetary Authority of Singapore (MAS), the island’s central bank and financial regulator, is allowing banks to adjust their…
By Mohamed DaboWells Fargo has decided to offer fewer mortgage products as the coronavirus-fuelled economic downturn puts increasing pressure on America’s…
By Mohamed DaboAmerica's $350bn small business loan programme has been hamstrung by a host of technical glitches preventing thousands of applicants…
By Mohamed DaboThe coronavirus pandemic has triggered a ‘significant rise’ in the demand for savings solutions, reveals an independent financial advisory…
By Mohamed DaboThe raft of financial support measures for businesses and consumers announced by the Monetary Authority of Singapore (MAS) threaten…
By Mohamed DaboLarge British banks have decided not to pay shareholders nearly £8bn worth of dividends, and to cancel cash bonuses,…
By Mohamed DaboSeveral US banks have warned they will find it hard to take part in the government’s small-business rescue programme,…
By Mohamed DaboBank of America, which hired over 2,000 new employees in March alone, says it will not be doing any…
By Mohamed DaboThe Indian government has directed that banks are essential services that must remain operational during the three-week coronavirus lockdown.…
By Mohamed DaboCanada’s banking watchdog has reduced the amount of capital banks have to set aside for a buffer, freeing up…
By Mohamed DaboThe European Union has decided to delay tough new capital requirements for banks in order to encourage business and…
By Mohamed DaboSmall business owners and industry observers have criticised banks for impeding access to the government emergency coronavirus loan scheme,…
By Mohamed DaboThe Reserve Bank of India (RBI) has initiated a host of measures aimed at minimising the damage from covid…
By Mohamed DaboThe Monetary Authority of Singapore (MAS) has pledged to provide up to UD$60bn to support more stable USD funding…
By Mohamed DaboSeparate bills in the US House of Representatives and Senate propose creating so-called digital dollars and the accounts that…
By Mohamed DaboAs the impact of the coronavirus outbreak continues to intensify across the United States, reducing foot traffic to retail…
By Mohamed DaboThe UK financial watchdog is encouraging banks to take steps to facilitate customer access to cash--such as waiving fees…
By Mohamed DaboSome businesses have warned that the government's £330bn rescue package for British businesses doesn't go far enough. The government…
By Mohamed DaboTwo Democratic senators have introduced a bill that would keep consumers from paying “unnecessary bank fees” during the coronavirus…
By Mohamed DaboAmerica’s biggest banks have asked the federal government to give them some regulatory relief to better enable them to…
By Mohamed DaboAfter decades of rising capital requirements, UK banks are confident that their balance sheets are strong enough to withstand…
By Mohamed DaboThe largest US bank by assets has pledged to pay a $1000 bonus to its workers who are staffing…
By Mohamed DaboAustralian banks will defer loan repayments for small businesses affected by COVID-19 for six months. Australian Banking Association CEO…
By Mohamed DaboBank of America commits $100m to help communities around the world get through the coronavirus Pandemic. As the world…
By Mohamed DaboSingapore financial-technology firm MatchMove has teamed up with home-grown finance company Singapura Finance and two others to apply for…
By Mohamed DaboThe biggest banks in the US have decided to stop buying their own shares in order to use those…
By Mohamed DaboMany of the City of London's biggest institutions are taking decisive action to combat the spread of the coronavirus.…
By Mohamed DaboBanks are increasingly encouraging the use of their online and mobile banking, as more customers are seeking ways to…
By Mohamed DaboBank of America CEO Brian Moynihan said his banks is ready to help out customers impacted by the virus…
By Mohamed DaboHBL Bank, Pakistan’s largest bank, is worried that the pandemic might force China to put the break on the…
By Mohamed DaboMortgage lenders across the UK have announced plans to allow people affected by the coronavirus outbreak to defer mortgage…
By Mohamed DaboGlobal banks including UBS Group and Bank of America are expanding their contingency plans across Asia to ensure their…
By Mohamed DaboUK-based banking and financial services firm Virgin Money said it was closing 52 branches and cutting 500 jobs as…
By Mohamed DaboHSBC is to bolster its newly combined retail and private banking business as it aims for the internationally-minded wealthy…
By Mohamed Dabo