It is too early to understand how much the new service will affect banks’ revenue.
Latest articles from Databank
EU banks to issue more debt as central bank funding declines
August 1, 2023The changing funding composition is particularly relevant in 2023 and 2024, says the European Banking Authority.
US bank deposits stable but commercial real estate woes remain
July 25, 2023The potential risk to banks is mitigated much more than before the global financial crisis.
Financial co-operatives stay strong in Brazil
July 18, 2023Total assets for the country’s financial co-operative sector reported 28.6% growth last year.
UK banks face dropping deposits
July 11, 2023In May, households withdrew £4.6bn from banks and building societies.
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.
Request a demonstration to The Banker Database
