by Nehad Kenanie | Mar 6, 2017 | Europe, Executive Changes, Germany, Operations, Transaction Banking, Uncategorised
(6 March 2017 – Europe) Deutsche Bank plans to raise capital, list its asset management business and overhaul its business structure as it tries to reinvent itself after spending two years dealing with its past misdeeds and huge losses.The strategic revamp,...
by Brett Williamson | Mar 6, 2017 | Asia, Market Share, Press Release, Research, Trade Finance, Uncategorised, Wallet Share
A staggering 75 percent of Corporates in Asia say that when it comes to Advice, they would use referrals or personal networks over their own bankers, the latest research from banking analysts East & Partners Asia (E&P) has found.The Asian Institutional Trade...
by Nehad Kenanie | Mar 3, 2017 | Australia, FinTech, Technology, Uncategorised
(3 March 2017 – Australia) Bank of Queensland will this week host more than 130 aspiring entrepreneurs at a fintech hackathon.The event is being staged from 3-5 March at Q-Labs in Brisbane. The bank’s group executive and chief operations,...
by Nehad Kenanie | Mar 3, 2017 | Research, Trade Finance, UK, Uncategorised
(3 March 2017 – United Kingdom) Due to its attractive role and importance in corporate off-balance sheet funding, supply chain finance has been attracting intense interest in the last few years, and particularly in relation to the contribution it can make to...
by Nehad Kenanie | Mar 3, 2017 | Lending, UK, Uncategorised
(2 March 2017 – United Kingdom) Virgin Money is considering entering the small business banking market with aid from the Royal Bank of Scotland under new Treasury plans to boost competition in the sector.Speaking to the Financial Time (FT), Virgin Money’s...
by Nehad Kenanie | Mar 3, 2017 | Asia, New Products, Uncategorised
(2 March 2017 – Asia) According to United Overseas Bank (UOB), it has launched Southeast Asia’s first virtual accounts payable solution, the UOB Virtual Payment Solutions suite.The bank says the new platform will assist “companies in raising their...
by Nehad Kenanie | Mar 2, 2017 | FinTech, UK, Uncategorised
(1 March 2017 – United Kingdom) Worldpay founder Nick Ogden has launched ClearBank, the first new UK agency and clearing bank to be created in over 250 years.At a press conference in London attended by UK Government ministers, Ogden said that ClearBank is...
by Nehad Kenanie | Mar 2, 2017 | Credit Ratings, New Zealand, Uncategorised
(1 March 2017 – New Zealand) Following the expiration of an unconditional guarantee from its majority stakeholder, New Zealand Post, ratings agency S&P Global Ratings (S&P) has downgraded Kiwibank's long-term issuer credit rating to A from A+.S&P...
by Nehad Kenanie | Mar 1, 2017 | Financial Results, UK, Uncategorised
(28 February 2017 – United Kingdom) Royal Bank of Scotland (RBS) reported a sharp rise in losses as higher misconduct charges and restructuring costs underscored the challenges facing the lender nine years after it was bailed out in the world's biggest bank...
by Nehad Kenanie | Mar 1, 2017 | Asia, Business Development & Expansion, Mergers & Acquisitions, Uncategorised
(28 February 2017 – Asia) Singapore’s largest domestic bank, DBS Group is expanding its wealth management business and expects the segment will account for as much as a fifth of its revenues in a few years as it capitalises on a trend of Asia growing...
