In May, households withdrew £4.6bn from banks and building societies.
Latest articles from Databank
M&A fees most affected as investment banking activity dips
July 4, 2023M&A fees are down 35% for the year to date, dropping to a nine-year low.
Have Europe’s banks become too big to fail?
June 20, 2023Large banks in the region retain more than 70% of all banking assets, with an average size of almost €700bn.
Fossil fuel financing reached $5.5tn in the past seven years
June 13, 2023Many banks are members of the Net-Zero Banking Alliance, but the “net zero” targets leave controversial portfolios unaddressed.
Lending to UK SMEs declines as economy slows
June 6, 2023The decline also reflected the increased competition with specialist and challenger banks.
Research highlights state of UK interest rates
May 30, 2023The country’s Financial Conduct Authority has written to High Street banks asking them to justify their lower savings rates.
US banking M&A plummeted in 2022
May 23, 2023Globally, M&A deals dropped 19.6% year-on-year in 2022. All regions, except for the Middle East and Africa, saw a year-on-year decline.
EU Commission pushes for new rules for bank failures
May 9, 2023Meanwhile, countries in the region are increasing the amount of deposits protected by EU deposit guarantee schemes.
Explosive ATM attacks on the rise in Europe
May 2, 2023The issue is especially acute in countries still with a large ATM network, such as Germany.
Deposit outflows preceded SVB collapse
April 25, 2023Even before the collapse of Silicon Valley Bank, investors and depositors had already started shifting their money from banks into more lucrative funds.