Banking News
Keep up-to-date with what’s happening in banking and financial services by receiving our weekly Banking News Newsletter. Banking News contains a wrap-up of the week’s key news and events, and is delivered direct to your inbox.
Co-op Bank reports loss of £477 million in 2016
(10 March 2017 – United Kingdom) The Co-operative Bank has reported an annual loss of £477 million (A$769 million) in 2016 as it continued to be hit by “legacy issues” of the past and rock-bottom interest rates.
MAS to extend blockchain trials to securities settlement and cross-border payments
(9 March 2017 – Singapore) The Monetary Authority of Singapore (MAS) has announced the successful conclusion of the proof-of-concept project to conduct domestic inter-bank payments using blockchain technology.
ASB appoints Fairfax NZ MD to senior role
(8 March 2017 – New Zealand) ASB Bank has announced that Fairfax New Zealand’s managing director has been appointed as the new head of its Technology, Innovation and Payments division.
NAB Ventures leads funding round for FX platform
(8 March 2017 – Global) NAB Ventures has led a $US24 million ($31.6 million) funding round by foreign exchange (FX) payments group Veem, in a deal the bank believes will assist it in increasing its market share in international money transfers made by small business.
New hires bolsters Natixis’ Asia operations
(8 March 2017 – Asia) Natixis has made two senior appointments in Asia further strengthening its Debt Capital Markets business in the region.
Supporting banks named ahead of Apple Pay’s Italy launch
(8 March 2017 – Italy) Apple Pay is “arriving” in Italy with support from Mastercard, Visa, Carrefour Banca, UniCredit and German payment processor Wirecard’s Boon service, Apple’s website says.