retail-banking
BusinessStanChart to Double Down on Wealth Business, Trim Retail as It Lifts Outlook
BusinessVans-Owner Vf Corp Soars 22% as Turnaround Plan Starts to Pay Off
Top StoriesAnalysis-SocGen’s CEO Krupa Tightens Screws on Costs as Bank’s Turnaround Plan Falls Flat
Top StoriesVans-Parent Vf Corp Posts Smaller Q1 Revenue Drop Than Expected, on Better China Demand
Santander Creates Two New Global Businesses for Retail, Consumer Areas
Date: September 19, 2023
Santander creates two new global businesses for retail, consumer areas By Jesús Aguado MADRID (Reuters) -Spain’s Santander is consolidating its retail, commercial and consumer activities across all markets under two new global businesses to help it improve performance and add customers, it said on Monday. The new Retail and Commercial unit and Digital Consumer Bank...
NatWest Appoints Former Nationwide CFO to Its UK Bank Board
Date: September 1, 2023
NatWest appoints former Nationwide CFO to its UK bank board LONDON (Reuters) – NatWest has appointed Mark Rennison, a former Nationwide Building Society Chief Financial Officer, to the board of its ring-fenced retail bank, the British lender said on Friday. Rennison will serve as a non-executive independent director on the board of NatWest Holdings Limited...
Kering Recruits Estee Lauder Exec for Push Into Cosmetics
Date: February 3, 2023
PARIS (Reuters) – French luxury goods group Kering said Friday it was entering the cosmetics business, with the announcement that it has recruited seasoned Estee Lauder executive Raffaella Cornaggia to head the push into the new segement. “We are building this new area of expertise within our Group to ensure that our brands can fulfill...
3 Trends Shaking up the Finance and Retail Banking Sector
Date: October 21, 2022
South Africa’s four biggest banks – Absa, Standard Bank, Nedbank and FNB – may account for the lion’s share of the banking market, but they can’t afford to be complacent. Accelerated by the COVID-19 pandemic, there are sweeping changes influencing the finance sector, including the emergence of new players and disruptive technology. Will the Big...
The Retail Case for CBDCs: Public Money for the Public
Date: October 19, 2022
By Jorge Zaccaro, Economist Programmer at Minka More and more central banks are considering issuing their own digital currencies as part of their mandate to maintain monetary and financial stability, as well as in response to the increasing adoption of cryptocurrencies. It may seem at first that central bank digital currencies (CBDCs) are an entirely...
JPMorgan Readies Overseas Retail Expansion With German Hiring Spree
Date: September 5, 2022
By Marta Orosz and Tom Sims FRANKFURT (Reuters) – JPMorgan plans to hire a team of retail bankers in Germany as the biggest U.S. lender prepares to expand its international consumer business in pursuit of steadier revenue streams. In its first such foray outside the United States, JPMorgan entered the British market with a digital-only...