All articles by Rozenn Le

Rozenn Le

Review has little effect on UK mortgage market

The number of mortgage loans has risen in the UK despite the rules rolled out by the mortgage market review (MMR) in April, according to lenders.

Zimbabwe’s CABS to rebrand and refurbish branches

Zimbabwe’s mortgage lender Central African Building Society (CABS) has announced it will progressively rebrand and refurbish its branches to improve customer experience, starting this month.

With £1m in capital required, more UK businesses apply for banking licences

A rising number of UK businesses are applying for banking licences as the minimum required in capital for new entrants has dropped from £5m ($8.5m) to £1m.

RBS to challenge payday lenders by offering “loans within minutes”

Royal Bank of Scotland (RBS) has announced that it will be offering “loans within minutes” as part of a £1bn ($1.7bn) investment in its high-street business.

Banks should launch their own app stores – Gartner

Analyst house Gartner is expecting to see 25% of the top 50 largest banks launching their own banking app store to improve application discovery and user experience.

France’s Finance minister speaks out against $10bn BNP Paribas fine

French Finance minister Michel Sapin has spoken out against the possible $10bn fine the United States require from bank BNP Paribas over alleged sanctions-violating, describing it as “inequitable”.

Young North Americans ready to bank with untraditonal financial institutions – Accenture

Four in ten young North American adults would consider switching to a branchless digital bank, and 70% would bank with companies not usually associated with financial services, according to Accenture’s latest survey.

Scotland’s Clydesdale Bank to introduce plastic banknotes from 2015

The first plastic banknotes in Great Britain will be introduced in Scotland next year to celebrate the 125th anniversary of the Forth Bridge, Clydesdale Bank has announced.

Reserve Bank of India orders disabled-friendly ATMs

The Reserve Bank of India has ordered all commercial banks in the country to facilitate easy access to their branches and ATMs for disabled people.

Lloyds caps mortgage applications at £500,000

Lloyds Banking Group, the UK’s biggest lender, has announced new restrictions on its mortgage lending policy, capping applications at no more than four times a borrower’s salary.