banking
Banking
What does the future hold for Open Banking?
Banking
Banks and real-time data – are they running out of time?
Banking
Time to ready global response to crypto risks, regulators say
Banking
UK inflation climbs to highest since 1992 at 5.5%
Bank of Ireland agrees to 7.5% pay hike over two years
Date: February 17, 2022
DUBLIN (Reuters) – Bank of Ireland has agreed a pay deal recommending performance-linked salary increases of 7.5% over the next two years, the lender said on Wednesday, its largest hike in more than a decade as inflation in its main markets continues to climb. Ireland’s largest bank by assets, which also has a smaller operation in the United Kingdom,...
Poland’s Glapinski says central bank will do all it takes to cut CPI
Date: February 17, 2022
WARSAW (Reuters) – The National Bank of Poland (NBP) will do everything it can to ensure that inflation falls, its governor said in comments published on Wednesday, after CPI again jumped to its highest level in over two decades. Poland’s central bank hiked its main interest rate by 50 basis points to 2.75% in February, its highest level since...
Credit Unions Pass the Tipping Point on Digital Experiences, the Journey Matures this year?
Date: February 16, 2022
By Craig McLaughlin, CEO, Finalytics.ai Five years ago, it was common for credit unions to receive up to 15% of their product applications though digital channels; the branch was still the primary channel of engagement. Two years later, in 2018, digital product applications grew to around 25%. The trend was clear, but no one predicted...
A two-step process to enhance operations at a newly merged bank
Date: February 16, 2022
By Mac Thompson, president and founder of White Clay While much of 2021 remained unpredictable due to the pandemic, bank mergers proved not to be. According to S&P Global Intelligence’s December report, there were 208 U.S. bank deals with an aggregate deal value of $77.58 billion in 2021, which is highest level since 2006, and...
Euro holds gains after hopes of easing in Ukraine tensions
Date: February 16, 2022
By Alun John HONG KONG (Reuters) – The euro held on to overnight gains in early Asian trade on Wednesday having jumped on reports that some Russian forces had moved away from the Ukraine border, though, with tensions still elevated, the common currency failed to make further progress. The Russian defence ministry on Tuesday published...
Banca March buys BNP Paribas’s Spanish private bank, Expansion says
Date: February 16, 2022
MADRID (Reuters) – Privately held Spanish investment bank Banca March has agreed to buy BNP Paribas’s private bank in Spain for 100 million euros ($113 million), Expansion newspaper reported on Tuesday, citing unidentified market sources. BNP Paribas will transfer 80% of its portfolio of clients and its bankers to the Spanish bank, the newspaper said, adding the French bank will retain 20% of...