Showing 85 to 96 of 176 results
Revolut Launches Deposit Accounts in Italy, Reaching 3 Million Customers
Revolut launched deposit accounts in Italy, offering new customers a 3% interest rate until May 31st, 2025, and expanding its services to 3 million Italian users; existing customers will receive access gradually.
Revolut Launches Deposit Accounts in Italy, Reaching 3 Million Customers
Revolut launched deposit accounts in Italy, offering new customers a 3% interest rate until May 31st, 2025, and expanding its services to 3 million Italian users; existing customers will receive access gradually.
Progress
36% Bias Score
UK Savings Rates Surge Amidst Economic Headwinds
Current economic conditions in the UK are driving up interest rates on savings accounts, offering savers rates as high as 5% on easy-access accounts and 4.8% on five-year bonds, prompting a need to review personal finances before the 31 January tax return deadline.
UK Savings Rates Surge Amidst Economic Headwinds
Current economic conditions in the UK are driving up interest rates on savings accounts, offering savers rates as high as 5% on easy-access accounts and 4.8% on five-year bonds, prompting a need to review personal finances before the 31 January tax return deadline.
Progress
48% Bias Score
Monte dei Paschi Launches €13.3 Billion Takeover Bid for Mediobanca
Italy's bailed-out Monte dei Paschi di Siena launched a €13.3 billion takeover bid for Mediobanca on Friday, offering 23 of its shares for every 10 of Mediobanca's, aiming to close by September pending shareholder approval on April 17; MPS projects significant annual financial benefits, while analys...
Monte dei Paschi Launches €13.3 Billion Takeover Bid for Mediobanca
Italy's bailed-out Monte dei Paschi di Siena launched a €13.3 billion takeover bid for Mediobanca on Friday, offering 23 of its shares for every 10 of Mediobanca's, aiming to close by September pending shareholder approval on April 17; MPS projects significant annual financial benefits, while analys...
Progress
48% Bias Score
Major Banks Abandon Climate Initiatives Amidst Political Uncertainty
Major banks, including JPMorgan, Citigroup, and Goldman Sachs, are abandoning climate initiatives, withdrawing billions from green funds and leaving alliances like the Net Zero Banking Alliance, due to concerns over political uncertainty and stringent regulations; the Federal Reserve also withdrew f...
Major Banks Abandon Climate Initiatives Amidst Political Uncertainty
Major banks, including JPMorgan, Citigroup, and Goldman Sachs, are abandoning climate initiatives, withdrawing billions from green funds and leaving alliances like the Net Zero Banking Alliance, due to concerns over political uncertainty and stringent regulations; the Federal Reserve also withdrew f...
Progress
48% Bias Score
Dutch Banks' €1.4 Billion Anti-Money Laundering Burden Spurs Regulatory Reform
Dutch Finance Minister Heinen reveals that banks spend €1.4 billion annually on anti-money laundering checks, employing 13,000 staff, leading to economic sector exclusions, access impediments, and discrimination; a new balance is sought.
Dutch Banks' €1.4 Billion Anti-Money Laundering Burden Spurs Regulatory Reform
Dutch Finance Minister Heinen reveals that banks spend €1.4 billion annually on anti-money laundering checks, employing 13,000 staff, leading to economic sector exclusions, access impediments, and discrimination; a new balance is sought.
Progress
48% Bias Score
Commerzbank Considers Thousands of Job Cuts in Upcoming Strategy Update
Commerzbank plans to announce a new cost-cutting strategy on February 13th, potentially including several thousand job cuts, to improve its cost-income ratio and increase profitability amid declining interest rates; the bank's current workforce is reportedly not involved in the planning.
Commerzbank Considers Thousands of Job Cuts in Upcoming Strategy Update
Commerzbank plans to announce a new cost-cutting strategy on February 13th, potentially including several thousand job cuts, to improve its cost-income ratio and increase profitability amid declining interest rates; the bank's current workforce is reportedly not involved in the planning.
Progress
52% Bias Score
AI: Reshaping Banking Operations and Customer Service
Banks are increasingly using AI to address challenges from converging industry trends and evolving customer expectations, improving areas such as market trend anticipation, customer behavior prediction, risk management, and back-office efficiency.
AI: Reshaping Banking Operations and Customer Service
Banks are increasingly using AI to address challenges from converging industry trends and evolving customer expectations, improving areas such as market trend anticipation, customer behavior prediction, risk management, and back-office efficiency.
Progress
44% Bias Score
HSBC to Close Zing App, Resulting in 400 Job Losses
HSBC, Europe's largest bank, is closing its mobile cross-border payments app, Zing, resulting in approximately 400 job losses due to a strategic review prioritizing cost-cutting and focusing on core business areas where it has a competitive advantage. The app failed to compete effectively against fi...
HSBC to Close Zing App, Resulting in 400 Job Losses
HSBC, Europe's largest bank, is closing its mobile cross-border payments app, Zing, resulting in approximately 400 job losses due to a strategic review prioritizing cost-cutting and focusing on core business areas where it has a competitive advantage. The app failed to compete effectively against fi...
Progress
36% Bias Score
Major Banks Accused of Interest Rate Profiteering Amid Record Profits
US Senators Warren and Reed accuse seven major banks of profiting from rising interest rates by increasing borrowing costs while keeping savings rates low, despite prior promises to lawmakers; this has resulted in record bank profits and financial hardship for savers.
Major Banks Accused of Interest Rate Profiteering Amid Record Profits
US Senators Warren and Reed accuse seven major banks of profiting from rising interest rates by increasing borrowing costs while keeping savings rates low, despite prior promises to lawmakers; this has resulted in record bank profits and financial hardship for savers.
Progress
56% Bias Score
Trump's Deregulation Boosts Wall Street Optimism, Raising Stability Concerns
Wall Street bankers expect Donald Trump's second term to bring a wave of deregulation, potentially boosting economic growth but also risking financial instability, as evidenced by the 2023 mini-banking crisis partially attributed to Trump's prior deregulation efforts.
Trump's Deregulation Boosts Wall Street Optimism, Raising Stability Concerns
Wall Street bankers expect Donald Trump's second term to bring a wave of deregulation, potentially boosting economic growth but also risking financial instability, as evidenced by the 2023 mini-banking crisis partially attributed to Trump's prior deregulation efforts.
Progress
60% Bias Score
Santander Denies Plans to Exit UK Market
Banco Santander has denied reports that it is considering selling its UK operations, despite lower-than-expected returns for nearly two decades, emphasizing the UK's continued importance to its business and highlighting the complexities and regulatory challenges involved in a potential sale.
Santander Denies Plans to Exit UK Market
Banco Santander has denied reports that it is considering selling its UK operations, despite lower-than-expected returns for nearly two decades, emphasizing the UK's continued importance to its business and highlighting the complexities and regulatory challenges involved in a potential sale.
Progress
44% Bias Score
AI to Eliminate 200,000 Banking Jobs
A recent survey reveals that major banks plan to use AI to automate tasks, potentially eliminating up to 200,000 jobs in the next 3-5 years, primarily affecting middle management and operational roles, prompting the need for widespread retraining.
AI to Eliminate 200,000 Banking Jobs
A recent survey reveals that major banks plan to use AI to automate tasks, potentially eliminating up to 200,000 jobs in the next 3-5 years, primarily affecting middle management and operational roles, prompting the need for widespread retraining.
Progress
44% Bias Score
Showing 85 to 96 of 176 results