retail banking

WASHINGTON, Oct 10 (Reuters) – Around 5% of banks globally are vulnerable to stress if central bank interest rates remain higher for longer, despite the easing of turmoil in the…

Deutsche Bank has appointed Dominik Hennen as Head of Personal Banking. The business unit comprises the retail activities of both the Deutsche Bank and Postbank brands, serving the majority of…

ZURICH, Sept 27 (Reuters) – UBS shares fell on Wednesday after a report that the U.S. Department of Justice has stepped up scrutiny into alleged compliance failures that helped Russian…

LONDON/DUBLIN, Sept 18 (Reuters) – Societe Generale’s (SOGN.PA) much-hyped new strategy plans were given a thumbs down by investors on Monday, underscoring uncertainty over European banks as they face a brittle economy….

Some banks are seeing new stresses among certain retail customers, hinting at challenges to come as a resilient US consumer navigates a series of challenges in the second half of…

FDIC Chair Martin Gruenberg said Thursday that the US banking industry “continues to face significant downside risks” from inflation and high-interest rates, which could cause profitability and credit quality to…

ZURICH, Sept 6 (Reuters) – The head of Switzerland’s financial watchdog FINMA has resigned nearly six months after the body drew heavy criticism for failing to prevent the collapse of…

The new program is part of the bank’s “inclusive banking programs,” and is designed for all cannabis-related, plant-touching businesses, many of which have struggled with access to financial services. Berkshire…

Overall, 65% of SBI’s new accounts are being opened through the app. Further, more than 500,000 remittance transactions also take place on SBI’s Yono app. State Bank of India’s ‘You…

KEY POINTS The Consumer Financial Protection Bureau has been cracking down on so-called junk fees, especially from financial institutions. Many banks have lowered their overdraft and non-sufficient funds fees as…

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