lafgrp + 4ln   1210

US: Kroger Unit Bans Visa Card Payments
QUOTE made due to Visa's interchange rates.
3PW  SN  4LN 
august 2018 by lafgrp
Global business helps BNP Paribas weather investment bank weakness
BNP Paribas beat analysts' expectations with net profits reaching 2.39 billion euros ($2.78bn) for the second quarter compared to the previous quarter's 1.57 billion euros. Strong performance of BNP's international financial services business helped offset domestic weakness and a slump in its fixed income trading. Its group revenue increased by 2.5 percent year-on-year to 11.21 billion euros and BNP Paribas chief executive Jean-Laurent Bonnafe attributed this to economic growth in Europe.
3PW  FK  4LN 
august 2018 by lafgrp
Standard Chartered has reported a jump in profits, but costs rise
Standard Chartered, enjoyed higher revenues for the first six months of the year, reaching $7.7 billion, a six percent rise compared to the same period last year. The bank's underlying profit before tax reached $2.4 billion, up 23 percent year-on-year. However, operating expenses increased by seven percent to $5.1 billion, which the bank attributed to cash investments of $660 million.
3PW  FK  4LN 
august 2018 by lafgrp
StanChart profit jumps 34 pct as restructuring pays off
QUOTE Pretax profit for StanChart, which focuses on Asia, Africa and the Middle East, rose to $2.35 billion in the first half of the year, from $1.75 billion in the same period last year, the lender said in a regulatory filing on Tuesday.
3PW  FK  4LN 
august 2018 by lafgrp
5 takeaways from Treasury fintech report: National charter, breaches and more | American Banker
QUOTE: The report makes more than 80 recommendations to regulators and Congress largely encouraging financial innovation within a regulated space. Treasury went so far as to endorse a much-discussed national fintech charter developed by the Office of the Comptroller of the Currency, just hours before the OCC announced it would begin accepting charter applications."
3PW  4LN  CD 
august 2018 by lafgrp
Australia: Bankers release new code of conduct in response to repeated scandals, adding 'stronger commitment to ethical behaviour''
QUOTE key changes the new code introduces include:
- A commitment to look after vulnerable customers
- Limiting the hard-sell of add-on products such as credit insurance
- Greater protection for co-guarantors of loans
- Improved assistance for customers in financial difficulty
- Enhanced dispute resolution
3PW  FK  4LN 
july 2018 by lafgrp
Visa offers Latin American banks rewards built on open tech initiative
QUOTE Visa Loyalty Solutions platform provides Visa LAC member banks with a ready-built digital points redemption scheme that they can white-label to their cardholders.
3PW  FK  4LN 
july 2018 by lafgrp
Israel: Leumi sells credit card unit to Warburg Pincus in $685 million deal
QUOTE Israel's second-largest lender expects after-tax profit of $64 million from sale; Leumi had to sell unit as part of government push to increase competition in financial sector
3PW  SN  4LN 
july 2018 by lafgrp
Hong Kong losing to Singapore in terms of ease of bank account opening
QUOTE A survey by the Hong Kong Institute of Chartered Secretaries finds that 40% of the 431 members it surveyed believe that it’s more difficult to open a bank account in Hong Kong than in other jurisdictions.

“Many respondents mentioned Singapore as the jurisdiction of choice for themselves or their overseas clients,” says the Bank Account Opening Survey report released in July. Other jurisdictions mentioned as better than Hong Kong in bank-account opening include China, Dubai, India, Switzerland, Taiwan and the UK.
3PW  FK  4LN 
july 2018 by lafgrp
Malaysia: Homegrown e-wallet app gets international boost
QUOTE “This partnership allows us to create relevance to merchants and customers both inside and outside Malaysia, by leveraging UnionPay’s international presence," [CEO] said at the MoU signing ceremony between Boost and UPI [in] Kuala Lumpur. Boost is a leading e-wallet application with over 2.7 million users with online and offline merchants located at over 30,000 touchpoints nationwide. Its key features include paying utility bills with partners such as Telekom Malaysia, Astro and Syabas, parking payments; instant rewards; donations; buying and gifting digital vouchers for online merchants, food and beverage outlets, entertainment, health and beauty.
3PW  FK  4LN 
july 2018 by lafgrp
NPL ratios of GCC banks likely to increase moderately
Gulf QUOTE banks’ NPL ratios deteriorated only slightly over the past 12-24 months, which according to S&P analysts is somewhat surprising, considering the severity of the economic shocks in their home countries over that period.
3PW  FK  4LN 
july 2018 by lafgrp
Australia: TV investigation reveals links between major banks and Russian mafia
Bill QUOTE Browder’s Hermitage Capital has now filed a crime report with the Australian Federal Police and AUSTRAC, Australia’s money-laundering authority, requesting that a series of suspicious transactions involving Australian banks and companies be investigated. Detailed bank records reveal a total of US$3,472,098 (A$4.7 million) in payments to 11 Australian accounts from foreign accounts suspected to have received the co-mingled proceeds of the US$230 million Russian treasury fraud. All of Australia’s major banks, including ANZ, Commonwealth, Westpac, NAB and HSBC received funds.
3PW  FK  4LN 
july 2018 by lafgrp
Walmart Weighs a Bid From Capital One for Credit Cards - Bloomberg
QUOTE: The world’s largest retailer has narrowed the competition for its credit-card partnership to bids from the two lenders, said the people, who asked not to be identified because no decision has been announced. The negotiations are still ongoing, but the retailer is seeking a partner that can support its aspirations for Walmart Pay"
3PW  4LN  CD 
july 2018 by lafgrp
Zimbabwe still flirting with cryptocurrencies
QUOTE John Mangundya, Governor of the Reserve Bank of Zimbabwe, said this week the institution was 'poised to embrace' blockchain technology, but added that it would adopt a cautious approach.

The Southern African country has initiated a feasibility study on the use of blockchain technology, specifically cryptocurrencies, as it continues to deal with cash shortages.
3PW  FK  4LN 
july 2018 by lafgrp
South Africa: Absa introduces WhatsApp Banking
QUOTE Private lender Kotak Mahindra Bank introduced the service [in India] on a trial basis but Absa is the first bank to launch the service fully anywhere in the world.
3PW  FK  4LN 
july 2018 by lafgrp
US: Amazon's first Prime Day with Whole Foods marks new retail era
QUOTE Prime members will be able to earn up to $30 in free cash when they shop at Whole Foods this week
3PW  FK  4LN  999 
july 2018 by lafgrp
Google Pay catching up with competitors Venmo and Apple Pay
QUOTE features rolled out today have long been functions in competitor payment platforms like Venmo and Apple Pay. Google loyalists could previously still request and pay each other money, but they could only do it through a separate app called Google Pay Send. The functions of Google Pay Send are now integrated into the Google Pay app, so the update essentially eradicates Google Pay Send.
3PW  FK  4LN  999 
july 2018 by lafgrp
Deposits at Italian banks rise in May despite political turmoil
QUOTE rose 5.7 percent in May on an annual basis, accelerating from a 4.3 percent increase in April
3PW  FK  4LN 
july 2018 by lafgrp
ICICI Bank first bank in country to tie-up with Australian bank
QUOTE India's largest private sector bank by consolidated assets, on Tuesday announced its partnership with ...Westpac, one of the top banks in Australia, to offer Indian students a completely online payment solution through its 'Money2World' (M2W) platform for outward remittances.
3PW  FK  4LN 
july 2018 by lafgrp
French government looking at capping bank fees on poor
QUOTE The plan was originally intended to be presented this week but the government decided to postpone it after the summer break to make further tweaks, [Finance Minister Bruno] Le Maire said. “I still need a little time to discuss with the banks and associations,” Le Maire told an economic conference in Aix-en-Provence, southern France.
3PW  FK  4LN 
july 2018 by lafgrp
UK: Visa and Mastercard Lose Debit and Credit Card Charges Legal Battle
QUOTE Today, the Court of Appeal ruled in favour of Argos, Sainsbury’s, Asda, and Morrisons. It discovered that [interchange] fees were too high and violated the competition law of the European Union.
3PW  FK  4LN 
july 2018 by lafgrp
Australia; Regulator warns banks on credit card debt
QUOTE "We are concerned about the amount of problematic debt we found," ASIC said in the report to be released on Wednesday. Its deputy chairman, Peter Kell, wants banks to "respond swiftly to our findings". ASIC's Michael Saadat [said]: "We don't think it's good enough to allow consumers to continue to struggle when the bank knows they would be better off with a lower rate card."
3PW  FK  4LN 
july 2018 by lafgrp
Leaner and keener: the resurgence of Spain's banking sector
QUOTE Spain’s banks are looking much more stable, having cut non-performing assets in response to European Central Bank pressure. A reduction in overall bank numbers through mergers has streamlined the industry, though observers say increasing profitability remains challenging.
3PW  FK  4LN 
july 2018 by lafgrp
EU's plan on Non-Performing Loans ignores history: Finance Watch
QUOTE The European Commission has announced a plan to deal with NPLs and stop them building up in future. But some parts of the plan ignore important lessons from the Global Financial Crisis:

1: The idea of creating publicly funded national ‘bad banks’ to help banks to get rid of their bad loans could allow poorly-run banks to be kept in business with taxpayers’ money – once again.

2: By selling the non-performing loans as complex, non-transparent securities, the poor quality of the underlying loans would be concealed and the risks would be spread in the whole system – once again.
3PW  FK  4LN 
july 2018 by lafgrp
QR: Beggars in China go cashless, but there's more than what meets the eye
QUOTE paid by small businesses and local start-ups for every scan they get. The scans allow these businesses to harvest user data via the e-wallet applications...which is then compiled and sold for marketing.
3PW  SN  4LN 
july 2018 by lafgrp
China Engulfed in Bank Cards
QUOTE: By the end of 2017 China had issued 7.03 billion bank cards. The equivalent to each person in the country holding 5 cards on average, according to a speech (in Chinese) from Huang Runzhong, secretary general China Banking Association, CBA"
3PW  4LN  CD 
june 2018 by lafgrp
Fintech friends: Monzo partners with TransferWise for international payments | TechCrunch
QUOTE: The TransferWise functionality will start rolling out to Monzo users as of today and will let them send money from their current accounts to 18 of the most popular currencies, with “more being added in the near future”.
3PW  4LN  CD 
june 2018 by lafgrp
Commonwealth Bank to demerge wealth management and mortgage broking businesses
QUOTE: Amid heightened concern about banks owning advice and wealth businesses, CBA on Monday said it would hand existing shareholders shares in a new business to be called CFS Group, which would include a swag of businesses in wealth, advice and mortgage broking, including Aussie Home Loans."
3PW  4LN  CD 
june 2018 by lafgrp
CBA restructures executive leadership | Financial Standard
QUOTE: "Commonwealth Bank made a raft of changes to its executive lineup following the announcement of plans to demerge its wealth management business."
3PW  4LN  CD 
june 2018 by lafgrp
Kenya's Finance Minister proposes reforms to boost bank lending
QUOTE The government is putting in place a package of reforms aimed at optimizing lending to the private sector while at the same time encouraging innovation in the financial sector,” Henry Rotich told parliament in this year’s budget speech.
3PW  FK  4LN 
june 2018 by lafgrp
As Western lenders retreat, African banks see an opportunity
QUOTE One problem is the wide diversity of regulations and markets. Another is that banks are too small outside their core markets to grow organically, says Olamipo Ogunsanya, an analyst at Renaissance Capital. Some have made risky acquisitions, inheriting loan books with hidden troubles. Most banks, she argues, would do better to focus on a few key countries.
3PW  FK  4LN 
june 2018 by lafgrp
Adyen share price doubles on market debut
shutterstock_125228330
In what is now the biggest European Tech IPO in the year so far, Dutch payments processor Adyen's decision to go public seems to have paid off handsomely: the debut has seen the company surge to almost double its market cap, closing in Amsterdam yesterday at an implied value of €14.2 billion ($16.8bn). What its own chief executive once dubbed "the Unknown Unicorn" now counts household names such as Netflix, Facebook, Uber and Spotify among its customers. It is no accident such companies have found Adyen's services fit their needs: the firm has made a point of serving larger companies with a lot of cross-border operations. "There has been a remarkable level of M&A activity and investment in acquiring lately", notes David Hickey, head of Research at Lafferty Group. "In the last month alone, there have been two major deals announced in Europe: Worldline's acquisition of Six Payment Services and the merger of Nets and Concardis. This follows the completion of the Worldpay Vantiv merger in January."
3PW  DH  4LN 
june 2018 by lafgrp
Bank of Ireland to ramp up tech spending, but could cut 1,500 jobs - Independent.ie
QUOTE The much-anticipated strategy reboot will widen and accelerate the group's upgrade of its technology platform, adding €250m to the €900m cost already earmarked for the vast software overhaul.
3PW  FK  4LN 
june 2018 by lafgrp
Blockchain is opening up Kenya's $20 billion informal economy
QUOTE Janeffer Wacheke’s fresh-vegetable stall in Nairobi uses technology that’s helping crack a problem Kenyan banks have so far failed to solve -- measuring the creditworthiness of traders in the country’s $20 billion informal economy.

Economist Anzetse Were QUOTE If you want to penetrate markets in Africa, you need to have a strategy for the informal sector.”
3PW  FK  4LN  999  QN 
june 2018 by lafgrp
What happens when a town loses its last bank?
QUOTE One of the main businesses likely to suffer is the supermarket next to the bank. Its owner Dalip Chawla came to Boort six years ago when there were two bank branches in town.
3PW  FK  4LN 
june 2018 by lafgrp
First Data and Mastercard team on digital disbursements
QUOTE enabling First Data to provide a digital disbursement platform to Mastercard’s business customers.
3PW  FK  4LN 
june 2018 by lafgrp
Ten Chinese banks go live with Swift’s gpi service
QUOTE Together, they represent an estimated 86% of cross-border payment traffic conducted by Chinese banks in mainland China. A number of foreign banks operating in China are also active on the gpi network.

The gpi initiative was launched in 2017, with the aim of reducing payment settlement time to a single day. Typically, Swift payments can take days to settle.
3PW  FK  4LN 
june 2018 by lafgrp
Deal inked to introduce Alipay, WeChat Pay to East Africa
QUOTE following the agreement [with "Equity Bank and Singapore-based online payment company Red Dot Payment"] East Africans will be able to use WeChat Pay and Alipay to purchase goods and services in local currency
3PW  FK  4LN 
june 2018 by lafgrp
​​One in three Australians willing to allow banks to share data for Open Banking
QUOTE The research also found Australian consumers are less willing than those in other Asia Pacific countries to embrace new bank services based on emerging technologies such as artificial intelligence (AI) and machine learning – but younger generations are driving change.
3PW  FK  4LN 
june 2018 by lafgrp
UK Banks Put on War Footing by BOE as Cyber Threat Increases
QUOTE The BOE has identified cyber attack as a major risk to banks, and has firms tested to determine their resilience.
3PW  FK  4LN 
june 2018 by lafgrp
Zelle Will Overtake Venmo in 2018
QUOTE will grow by more than 73% this year to reach 27.4 million users in the US, putting it slightly ahead of Venmo's 22.9 million users. Meanwhile, Square Cash will round out the top three with 9.5 million users.
3PW  FK  4LN 
june 2018 by lafgrp
Visa slashes fee on debit card payments, wants more small merchants on board
QUOTE The largest quantum of decrease will apply to transactions under Rs 2,000.
3PW  SN  4LN 
june 2018 by lafgrp
Deutsche Bank CEO says Europe must create conditions for banking consolidation
QUOTE Christian Sewing, the new CEO of Germany’s largest bank, said that the German and European markets were too fragmented, with disparate rules on insolvency, consumer protection, and mortgage securities.
3PW  FK  4LN 
june 2018 by lafgrp
Chile: $10 Million Bank Heist Heightens Concerns Over Cybersecurity
QUOTE Hackers infected around 9,000 computers and hundreds of servers belonging to Banco de Chile, in which Citigroup Inc. owns a 29 percent stake, forcing the bank to halt almost all operations May 24 at its nearly 400 branches throughout the country. It took almost two weeks for the bank to resume normal services.
3PW  FK  4LN 
june 2018 by lafgrp
Google slammed for flogging app on Google Play Store that wirelessly scans credit card details
QUOTE: Credit Card Reader NFC has been downloaded more than a million times on Google Play by would-be crooks across the world. A phone with the £5 app installed only needs to be quickly waved near somebody’s wallet or pocket to work. It siphons highly sensitive banking data including 16-digit long card numbers, expiry dates and lists of recent transactions."
3PW  4LN  CD 
june 2018 by lafgrp
Nedbank Let Consumers to Temporarily Stop Cards Through Money App
QUOTE: The bank said in a statement that the Freeze function disables all chip transactions, ATM withdrawals and online purchases on the selected card. However, it is not a permanent transactional block and, as such, does not require the client to apply for a new card."
3PW  4LN  CD 
june 2018 by lafgrp
VyStar Credit Union Partners with Fiserv to Enhance Mobile Banking App with Innovative Card Control Features | Business Wire
QUOTE: “Our new Card Control App lets our members protect the debit card in their wallet with the phone in their pocket, wherever they are, any time of the day,” said Brian Wolfburg, President/CEO, VyStar Credit Union. “This app is ideal for our members who want to proactively monitor and manage their debit card accounts.”
3PW  4LN  CD 
june 2018 by lafgrp
India hikes interest rate for first timein 4.5 years
QUOTE likely to lead to higher lending rates for borrowers
3PW  FK  4LN 
june 2018 by lafgrp
Italy: Over five million users For Jiffy Digital Payments
QUOTE Over 130 banks have already subscribed
3PW  FK  4LN 
june 2018 by lafgrp
Toronto-Dominion Bank Is Eating Everyone's Lunch
QUOTE TD has outperformed the Big Five over the past year, five year and 10 year periods. Its five-year outperformance is particularly impressive. It has returned 85%, while Bank of Montreal is a distant second with a 67% return.
3PW  FK  4LN  QN 
june 2018 by lafgrp
Nebulasis building a Google for the blockchain world
QUOTE Combined, [Nebulas'] technologies...incentivize developers to create useful dapps that gain traction and make the entire blockchain ecosystem more useful. [Those key technologies are:]

-Nebulas Force ["programmers can tweak the blockchain’s core protocols without affecting the entire network": ie, without forking],

-Nebulas Rank [Google-like "ranks users and dapps based on how active they are on a network"], and

-Proof of Devotion ["gives developers on a blockchain with high NR scores the right to verify transactions and earn rewards"]
3PW  SN  4LN  PDF  999 
june 2018 by lafgrp
Nigeria: New e-payment system, CashUrban, coming soon
QUOTE CashUrban is a secure online cash exchange platform where users can transfer and receive cash within their neighborhoods with ease through the assistance of cash merchants registered on its platform.
3PW  SN  4LN 
june 2018 by lafgrp
Cryptocurrency’s last stand in India: legal fightback underway
QUOTE Several exchanges have already moved to a crypto-to-crypto model doing away with fiat transactions. Earlier in April this year, two of India’s largest cryptocurrency exchanges Zebpay and Koinex introduced crypto-to-crypto trading on their platforms, this way they could continue to operate without banking dependency until there is some clarity on the future fiat-based cryptocurrency trade in India.
3PW  SN  4LN 
june 2018 by lafgrp
India: Cryptocurrency Scam Busted
QUOTE Around 25,000 people fell prey to the accused and invested money in the company
3PW  SN  4LN 
june 2018 by lafgrp
UK: Central bank to start checking banks’ ‘living wills’ from 2020
QUOTE major banks will have to start making public self-assessments of their ability to wind down in an orderly fashion without the need for a taxpayer bailout, which will then be publicly checked by the Bank of England. [The] first round of self-assessments by banks will probably start in 2020, to give lenders time to adapt to changes next year that they face not only because of Brexit but also because of ringfencing rules
3PW  FK  4LN 
june 2018 by lafgrp
Argentina: QR payments at 160,000 stores enabled in Mercado Libre app
100m downloads already. Will be moving on to Brazil and Mexico also in time
3PW  PH  4LN  999 
june 2018 by lafgrp
CMR Chile merging with Banco Falabella
QUOTE CMR Chile y Banco Falabella unificarán sus operaciones
3PW  PH  4LN 
june 2018 by lafgrp
Chile: Number of credit cards increases by 140k in one year
QUOTE Tarjetas de crédito en Chile aumentaron en 140.000 en un año
3PW  PH  4LN 
june 2018 by lafgrp
ECB has bought €245bn worth of Spanish bonds under QE
QUOTE El BCE acumula casi 245.000 millones en deuda española
3PW  PH  4LN 
june 2018 by lafgrp
Brazil: Santander Brasil targets loans to small businesses
QUOTE Banco Santander Brasil impulsa el crecimiento de pequeños negocios a través del Programa Prospera
3PW  PH  4LN 
june 2018 by lafgrp
Spain/UK: BBVA increases shareholding in Atom Bank to 39 percent
QUOTE BBVA aumenta su participación en el banco móvil británico Atom
3PW  PH  4LN 
june 2018 by lafgrp
Relatively low rate of financial inclusion in Argentina
A contramano de la región, la mitad de los argentinos aún no tiene cuenta bancaria
3PW  PH  4LN 
june 2018 by lafgrp
India: banks not on board for single-factor authentication move
QUOTE Despite the Reserve Bank of India permitting single-factor authentication for transactions below Rs 2,000 in December 2016, we still cannot use credit cards to pay for shared cabs, nor can we buy a burger without keying in a four-digit password into the swipe machine. Banks are wary of allowing this, and therefore still insist that we enter the debit/credit card number, CVV, expiry date and finally the PIN or an OTP. They say that while they trust their own security and platforms, they are not very confident of the merchant sites their customers visit.
3PW  FK  4LN  999 
june 2018 by lafgrp
State Bank of India fails to find tech investee
QUOTE After working with nearly 150 startups from domains like chatbots, data analytics, the blockchain technology, etc and hosting around five hackathons, the country’s largest lender State Bank of India (SBI) has failed to park any investment from its INR 50 crore fund which was embarked to support Indian fintech companies.
3PW  FK  4LN  999 
june 2018 by lafgrp
Kenya: Young people excluded after squandering mobile loans
QUOTE A recent survey showed that many Kenyans have become prisoners of digital loan platforms, in some instances borrowing to gamble or settle previous debts....Many city youths often take up the loans without proper understanding of the consequences of not repaying.
3PW  FK  4LN  999 
june 2018 by lafgrp
British taxpayer set to lose billions in 2.6 billion pounds RBS sale
QUOTE selling some of its stake in Royal Bank of Scotland for about 2.6 billion pounds, although it will realise a significant loss as it unwinds its holding and returns the bailed-out lender to private hands.
3PW  FK  4LN 
june 2018 by lafgrp
Europe: Visa outage does little for cashless vision
QUOTE In a statement, Visa said the problem was caused by a “hardware failure”, which hardly inspires confidence this could never be repeated: if it does droves of people are likely to look for alternatives.
3PW  FK  4LN 
june 2018 by lafgrp
Contactless payment security concerns drive Dutch desire for biometric bank cards
QUOTE: More than 60 percent of Dutch consumers fear contactless skimming, and nearly 40 percent believe that the technology is generally not secure enough, according to Zwipe."
3PW  4LN  CD 
june 2018 by lafgrp
Argentina: Huge growth in mobile banking
QUOTE La banca móvil superó los 7 millones de usuarios y se elige más en los pagos cotidianos
3PH  PH  4LN 
june 2018 by lafgrp
Brazil: Santander Brasil gains with its ‘Superdigital’ platform
QUOTE Banco Santander Brasil avanza positivamente con del desarrollo de Superdigital, su plataforma de pagos
3PH  PH  4LN 
june 2018 by lafgrp
Spain: Bankia and Credit Agricole form a joint venture to offer consumer credit
QUOTE Bankia y Crédit Agricole crean un joint venture de crédito al consumo
3PH  PH  4LN 
june 2018 by lafgrp
Itau launches new cards app across four LatAm markets
QUOTE Itaú lanza su App Tarjetas y se consolida como banco digital
3PH  PH  4LN 
june 2018 by lafgrp
Trust is the new currency in the surreal Venezuelan economy
QUOTE The only realistic payment method is a debit card linked to a Venezuelan bank account. Hyperinflation is fast turning this into a cash-free economy [but also] seems to have generated an extraordinary amount of trust between ordinary Venezuelans. Most realise that electricity black-outs, internet failures and cash shortages make even the simplest of transactions a headache, and they go easy on each other. A few days ago, a friend persuaded an airline to let him board a plane from Caracas on a promise to pay on arrival.
3PW  PH  4LN 
june 2018 by lafgrp
Exclusive: Latvia Probes Whether Russian Money Flows Used to Meddle in Europe | Investing News | US News
QUOTE RIGA (Reuters) - Latvia is investigating whether its banks acted as conduits for Russian funds used to interfere in elections and politics elsewhere, after it received a warning from the United States, officials have told Reuters.
3PW  4LN  EM 
june 2018 by lafgrp
Societe Generale chairman warns of turmoil as Brexit talks drag
QUOTE Politicians must not be fooled by rising equity markets and secure a Brexit deal before the end of 2018 or risk economic turmoil in the markets, according to the chairman of French bank Societe Generale.
3PW  4LN  EM 
june 2018 by lafgrp
RPT-FOCUS-HSBC loses senior European deal-makers as M&A ranking drops - sources | Reuters
QUOTE LONDON, May 31 (Reuters) - At least 10 high-profile dealmakers in Europe have left HSBC in recent months at a time of record merger activity, after the bank failed to overhaul its investment banking unit and revamp client teams, four sources said.
3PW  4LN  EM 
june 2018 by lafgrp
Revolut unveils Connect, an app store for business banking
QUOTE At Revolut, we strive to create a radically better banking experience for individuals and businesses alike.
Our Revolut App has seen the addition of many new and exciting features over the last few months - and today we’re extremely proud to update our business users on one of our best kept secrets yet!
3PW  4LN  EM 
june 2018 by lafgrp
Banks will have to develop PFM tools under FCA high-cost credit ref...
QUOTE UK banks will be forced to develop develop alerts for customers who may be about to slip into the red as well as a range of prompts and PFM tools that make it easier to keep on top of finances following a review by the Financial Conduct Authority into the high-cost credit market.
3PW  4LN  EM 
june 2018 by lafgrp
Starling opens Google Pay in-app
QUOTE Starling Bank, the leading mobile-only bank recently voted Britain’s Best Bank 2018, today brings its customers an enhancement to Google Pay, the fast, simple way to pay in millions of places - online, in stores - and more.
3PW  4LN  EM 
june 2018 by lafgrp
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