Revolut to bid for fresh European licence as it reveals losses September 24, 2018 Fintech powerhouse Revolut has revealed its post-Brexit strategy amid the publication of its 2017 financial accounts, which put a heavy spotlight on the banking app’s operational losses. Primarily, a spokesperson for the London startup confirmed to Morning Wire it had applied for a second e-money licence in Luxembourg, in addition to its 2017 application for a [...]
Bank Pekao backs London as post-Brexit gateway to Poland September 24, 2018 The boss of Poland’s biggest corporate and investment bank has backed the City to remain Europe’s top financial hub as he targets increased investor interest in the growing Polish economy. Michal Krupinski, Bank Pekao’s chief executive, will today unveil a new London office to serve the large British investor community looking for Polish assets, as [...]
PPI scandal turning ‘portions of Britain into fraudsters’, Barclays boss claims September 23, 2018 The PPI scandal has turned “portions of Britain” into fraudsters, Barclays chairman John McFarlane has claimed. McFarlane, said it was “inconceivable” that all the payment protection insurance mis-selling claims that had helped fuel a “flat-screen television” buying spree were genuine. He also accused the government of being complicit in the weakening of the banks by [...]
Danske Bank investigation reaches UK shores ‘as crime agency opens probe’ September 21, 2018 The National Crime Agency (NCA) has launched an investigation into potential ties between a UK organisation and one of the world’s biggest ever money laundering scandals, it is reported. The probe, which is centred around Denmark’s biggest lender Danske Bank, is likely to focus on the role played by customers suspected of illicit activities using [...]
Danske Bank investigation reaches UK shores ‘as crime agency opens probe’ September 21, 2018 The National Crime Agency (NCA) has launched an investigation into potential ties between a UK organisation and one of the world’s biggest ever money laundering scandals, it is reported. The probe, which is centred around Denmark’s biggest lender Danske Bank, is likely to focus on the role played by customers suspected of illicit activities using [...]
RBS, Natwest and Ulster outages: Digital banking comes back online September 21, 2018 Royal Bank of Scotland (RBS), Ulster Bank and Natwest's online banking services were down for around three hours this morning, leaving millions of users without digital access to their accounts. Natwest’s mobile app couldn't establish a connection, and referred users to an online status page, which failed to open, a problem shared by Ulster and [...]
RBS, Natwest and Ulster outages: Digital banking comes back online September 21, 2018 Royal Bank of Scotland (RBS), Ulster Bank and Natwest's online banking services were down for around three hours this morning, leaving millions of users without digital access to their accounts. Natwest’s mobile app couldn't establish a connection, and referred users to an online status page, which failed to open, a problem shared by Ulster and [...]
RBS in talks with the Bank of England over share buyback plans September 20, 2018 The Royal Bank of Scotland has started discussions with the Bank of England over a special share buyback in a bid to speed up the privatisation process. Speaking at a conference in New York RBS deputy chief financial officer Katie Murray confirmed that the bank is in talks with the Prudential Regulation Authority (PRA) over the details of [...]
RBS in talks with the Bank of England over share buyback plans September 20, 2018 The Royal Bank of Scotland has started discussions with the Bank of England over a special share buyback in a bid to speed up the privatisation process. Speaking at a conference in New York RBS deputy chief financial officer Katie Murray confirmed that the bank is in talks with the Prudential Regulation Authority (PRA) over the details of [...]
Barclays faces probe from Treasury Select Committee into six-hour outage September 20, 2018 Barclays faces an investigation from the Treasury Select Committee after it yesterday became the latest lender to experience a major systems failure. Millions of customers were unable to access online banking, telephone banking, as well as branch services for as long as six hours. The Treasury Select Committee is likely to ask the bank similar [...]