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Banking, Oil Stocks Drag FTSE 100 Lower as Ukraine Tensions Weigh
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Would You Recommend Your Bank to a Friend?
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What Does the Future Hold for Open Banking?
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Banks and Real-Time Data – Are They Running Out of Time?
Time to Ready Global Response to Crypto Risks, Regulators Say
Date: February 17, 2022
By Huw Jones and Tom Wilson LONDON (Reuters) – Risks from the $2.6 trillion crypto market could grow quickly and regulators need pre-prepared measures to bring the sector to heel, the Financial Stability Board (FSB), a risk monitoring watchdog for the G20 economies, said on Wednesday. While cryptoassets like bitcoin remain a small part of...
UK Inflation Climbs to Highest Since 1992 at 5.5%
Date: February 17, 2022
By David Milliken LONDON (Reuters) -British consumer prices rose at the fastest annual pace in nearly 30 years last month, intensifying the squeeze on households and reinforcing the chances that the Bank of England will raise interest rates for a third meeting in a row. The annual rate of consumer price inflation rose to 5.5% in January,...
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...