Work is underway to ensure the financial sector in Europe is able to stay resilient through a severe operational disruption.
Banks to focus on reducing costs in 2024
December 8, 2023Slower economic growth will weigh on loan growth, and banks worldwide have announced significant job cuts.
Latvian banks to pursue cash availability
December 5, 2023The country’s financial institutions are working on consolidating the role of cash and the requirements for access to it with a law that would take effect in January 2025.
Will CBDCs disrupt banks’ business model?
December 5, 2023Banks’ main concern is that households will prefer risk-free central bank digital currencies over deposits. How CBDCs are implemented will be key to preserving financial stability.
Banesco USA’s CEO bullish on south Florida and Puerto Rico
November 30, 2023CEO and president Calixto Garcia-Velez explains how the bank is dealing with current commercial real estate woes, while anticipating double-digit loan portfolio growth for 2024.
Swedish banks face mixed prospects for 2024
November 28, 2023The country’s slow growth and investment outlook will reduce demand for mortgages, a key growth driver for its retail banks.
Brazil’s PIX a threat to credit cards, but a boon for banks
November 27, 2023Compared to Brazil, banks in Europe or the US have lost the payments game.
Bulgarian banks could face higher costs after country's greylisting
November 21, 2023Being put on the FATF greylist means domestic lenders may struggle to maintain correspondent banking relationships and access external finance.
Ecuador’s banks face double threat of political risk and liquidity challenges
November 17, 2023The country is in the centre of a storm of political instability, fiscal and financing risks.
UK high street banks still offering lower saving rates
November 14, 2023Banks have not made substantial improvements since the FCA’s remarks in July.