Hints and tips:
...All LOBs, including the other two—Personal Banking (29%, mostly cards) and Global Wealth (11%)—should have more clarity from better 2024 disclosure....
...And ever since he had wanted to drive one. He still has the letter. “The last car I bought, just to put things in perspective, was a Mercedes V-Class, to put all the kids and the dog in it.”...
...Apple has considerably more global reach and consumer trust than most banks. Is it any wonder, then, that it is slowly but surely turning into a financial institution?...
...The key to scaling, said Naik, is being brandless and joining forces with companies on the ground in markets that have already established trust with local consumers and regulators....
...The plans included launching a business in the Philippines, where the bank has already started applying for a banking licence, and acquiring a payments company in Latin America....
...The company counts banking and technology heavyweights including Bank of America, HSBC, Barclays, Intel, ING, and UBS among its shareholders....
...Commonwealth Bank of Australia last year sold the investment group to Mitsubishi UFJ Trust and Banking Corporation (MUTB) for A$4bn....
...and banking sectors when the epidemic started....
...The sale of Colonial First State Global Asset Management by Australia’s biggest bank by assets is the latest in a swath of divestitures by Australian lenders, which are refocusing on core banking services...
...She has simplified the group, tidied up its structure and settled a commercial dispute over the family name with a rival branch of the 250-year-old Rothschild banking dynasty....
...In Spain, restructuring in the banking sector has helped companies access funding for overseas expansion, particularly in Latin America and the Middle East....
...I wrote a piece invoking a breakdown in trust between banks and described the atmosphere as “panic”, but did not mention the bank branch....
...research efforts at companies stretching from Samsung to Daimler-Benz and JPMorgan Chase....
...The alleged fraud took place in the state-owned Punjab National Bank’s far-from-glamorous Brady House branch, located in a fusty colonial-era building in Mumbai’s historic business district....
...The manoeuvre suggests a lack of trust in Italian ownership and defies the notion of open investment in Europe....
...A round up of some of the week’s most significant corporate events and news stories. US court told PwC cut corners in Colonial audit Control+C, Control+V....
...Corp., Goldman Sachs Group Inc., J.P....
...On one of the busiest corners of London opposite Holborn station sits Metro Bank’s first branch, emblazoned with its trademark bright red and blue signs....
...Stephen Ley, financial services partner and payments specialist at Deloitte, says that mobile banking apps have already overtaken branch and online interactions with customers, even if much activity is just...
...Vernon Hill was the founder and former Chairman and President of Commerce Bank, and developed a banking philosophy focused on building a stable bank through deposit taking, and creating fans through delivering...
...As a consequence, consumer trust in the sector plunged....
...Bidders through to a second stage of more detailed discussions include Sumitomo Mitsui Banking Corporation, Sumitomo Mitsui Trust Holdings, and Shinsei Bank....
...illegal loans through Kookmin’s Tokyo branch....
...The Bank of Mum and Dad has therefore a) bought its overgrown kid somewhere to live, in the form of a listing and b) handed him a trust fund to live on....
...of every 10 banking transactions in South Korea take place outside a branch....
International Edition