Royal Bank of Scotland will pull its corporate and institutional banking operations out of 25 countries in central and eastern Europe, the Middle East and Africa amid a drastic scale-down of its services.
Banks and financial firms in Asia are stepping up the search for data scientists to help meet customer demand for more flexible banking and payment services.
The Chinese government is pressuring the country’s banks to buy what it calls “secure and controllable” IT equipment – but will it push foreign companies out?
Good news for UK companies that import from or travel regularly to Europe: the pound has climbed above £1.40 against the euro for the first time since 2007.
Consultations are currently underway in the EU to determine whether a single market for capital could be rolled out across all 28 member states.
Germany might have thought it had Greece cornered, but as Eurozone leaders meet to talk about debt repayments, Varoufakis warns that breaking promises to the electorate could see another referendum.
CivilisedBank will offer an online service to small and medium-sized businesses later this year after securing its first round of funding.
The e-payments industry is “eating” the traditional finance sector – and PayPal is leading the way, says its soon-to-be chief, Dan Schulman.
The rise of alternative financial providers has hit traditional US lenders hard, and could cause them to lose up to 7% of their annual profits.
Postal Savings Bank of China (PSBC) is to launch an initial public offering (IPO) next year, worth up to $25 billion, according to state-run China Daily. The bank is currently in talks over the sale of a 15 per cent stake to strategic investors for $6 billion.
