Oil prices and COVID-19 blamed as ABN Amro retreats to core business
The bank has discontinued all trade and commodity finance activities following a €5m net loss in Q2 2020.
Evaluating Banks’ Overall Performance
Background
How well are your cash management banks really performing? Do they provide fast and efficient bank account opening, and accurately and fairly charge for their services? Do they deliver STP in payment…
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Deutsche Bank/BNP Paribas platform integration on track
BNPP hopes to position itself as a leader in alternative business for institutional investors and corporate clients.
UK banks: managing through challenging times with regulatory encouragement
A report from Scope Ratings suggests that while revenues will suffer, UK banks' support of the economy will earn them regulatory support.
Early impact of COVID-19 on European banks revealed
Deutsche Bank research shows the European banking sector suffered mild revenue and cost losses, but loan loss provisions spiked.
Crisis impact on European bank balance sheets revealed
A report from Deutsche Bank shows that banks' balance sheets grew substantially in March.
How financial services firms are confronting COVID-19
Fitch has assessed the downside scenario for global FIs, while a Deloitte survey shows how firms are learning from the pandemic.
Industry roundup: 27 April
News in brief from Deutsche Bank, AvidXchange, Western Union and SurePayd.
Report assesses initial US bank performance in the corona crisis
The report from Deutsche Bank Research suggests the current crisis may pose a greater threat to European banks than those in the US.
How to minimize bank fees & maximize operational efficiency
Strategic Treasurer shows how
Pelican and Banking Labs to bring AI-based payments and compliance to Canada
Banking Labs will market, sell and deploy Pelican solutions to banks and corporates.
Standard Chartered reshuffles banking units
The bank has created a Financing and Securities Services unit by combining Securities Services with Portfolio Risk Management.
Corporate and investment banks must reinvent themselves
A Boston Consulting Group report suggests banks must overhaul business and operating models in order to remain viable.
Barclays research highlights lack of banking industry alignment on key issues.
More than two-thirds of businesses identify collaborating and partnering with fintechs as the preferred approach for traditional banks
COVID-19 impacts on European banks
A report from Scope Ratings says that pre-existing financial health matters as European banks await the economic impact from the virus.
JPMorgan Chase expands commitment to green policies
The firm is facilitating US$200bn in 2020 for transactions that support climate action and efforts to advance UN sustainable goals.
Top 3 external forces driving corporate banking change
Celent's Corporate Banking 2020 Research Outlook explores the impact of new technologies on the sector.
HSBC retains Euromoney trade finance survey crown
Credit Agricole, Santander and Societe Generale are new entries in the top 10.
EBA confirms progress in banks’ balance-sheet repair but paints bleak outlook for profitability
The report finds solvency ratios remaining stable for EU financial institutions.
J.P. Morgan launches AreaX to rethink processes across its Corporate & Investment Bank
The firm's new programme is designed to accelerate innovation, transformation and decision-making.
29% of UK SMEs likely to switch main bank account in next five years
Survey finds SMEs increasingly happy to switch their main account to a challenger bank.
US banking giants edge closer to merger
A proposed deal to combine BB&T and SunTrust Banks cleared a further regulatory hurdle this week
ForgeRock releases open banking and PSD2 accelerators
The management software identity and access software specialist is accompanying the launch with an on-demand webinar
Australian banks told to beef up capital buffers
Three of the country’s Big Four are each requested to set aside an additional A$500m by the Australian Prudential Regulation Authority
Australia’s NAB develops employees’ data and analytics skills
Data is the currency of the future, according to the ‘Big Four’ bank, as it launches two in-house education initiatives for employees