With the financial services industry – and retail banking in particular – facing tough economic times following the COVID-19 pandemic and resulting change in customer behavior, the budget cycle is never over. critical to support a difficult year ahead. Asking five simple questions about contracts with third-party vendors could makeRead More →
The global economy is on a wave of mergers and acquisitions, with more mergers in the first half of 2021 than in any year of this century. Rich in cash and able to borrow at extremely low rates, businesses around the world are seizing the opportunity to reinvent, reorganize andRead More →
European banks are under pressure to review their operations in the aftermath of the Covid-19 crisis, or risk losing up to 160 billion euros in revenue. That’s according to a report by consultants Oliver Wyman, which says that while European banks have weathered the pandemic better than expected, they needRead More →
The ESG Insider newsletter compiles news and insights on environmental, social and governance developments leading to changes in business and investment decisions. Subscribe to our ESG Insider newsletter and listen to the “ESG Insider†podcast on SoundCloud, Spotify and Apple podcasts. How much would you pay for a bumblebee? ThisRead More →
The non-bank lender has announced that it has extended its commitment on trailing commission payments to brokers for borrowers affected by COVID-19. In March of this year, Pepper Money was the first lender to announce that it continue to honor all track payments for customers affected by the coronavirus pandemicRead More →
Europe’s financial sector has reached a ‘peak of uncertainty’ as regulators and banks scramble to avoid the harshest effects of the UK’s exit from the single market just 36 days from the end of the period. Brexit transition. A combination of policies around trade talks, EU concerns about Britain deviatingRead More →
LONDON / MILAN / MADRID (Reuters) – European banks are expected to set aside billions for potential loan losses as well as taking profits from the coronavirus crisis when they start reporting results in the next two weeks. FILE PHOTO: The Deutsche Bank logo is pictured on a company’s officeRead More →
Banks have long had an advantage when it comes to customer data. From checking accounts to credit cards, established lenders have access to vast amounts of information that financial technology (fintech) competitors could only dream of. In Europe, all that could be about to change. This Saturday, banks operating inRead More →
We long for turning points. As we mark five years since European Central Bank President Mario Draghi’s ‘whatever it takes’ speech – which crushed government and corporate bond spreads and contributed to an 80% rise eurozone equities – are we on the verge of another inflection? The Eurozone has justRead More →