The bank, which is rivalled by Santander, HSBC UK, Lloyds, Barclays and more, will close 55 more bank branches in the coming months. Warning issued for millions banking with NatWest from September onwards NatWest is set to close 55 more branches in 2025. The bank, which is rivalled by Santander, HSBC UK, Lloyds, Barclays and
What is the latest in the digital transformation of banks? How is AI influencing how banks work now, and how might it redefine the industry going forward? At Bloomberg’s 2025 Sell-Side Leaders Forum in London, Ron van Kemenade, Group COO at Lloyds Banking Group, sat down with Bloomberg Originals’ Nate Lanxon to discuss how Lloyds
It began last year, when Milanese banking giant UniCredit angered Prime Minister Giorgia Meloni’s government by attempting to take over crosstown rival BPM, which Meloni had hoped to merge with the partially bailed-out Tuscan lender Monte dei Paschi di Siena. In response, Rome deployed screening tools known as the ‘golden power’ — whose purpose is
Nigeria’s equities market increased remarkably by 4.26 percent in one week as investors’ interest mostly in banking and insurance stocks drove the value of NGX-listed stocks higher by N3.464 trillion, the highest weekly gain this year. The record rally on the Nigerian Bourse in the trading week ended Friday, July 11, pushed the returns year-to-date
Finance Ministry officials and the Reserve Bank of India (RBI) are in early discussions on several proposals aimed at building larger and more powerful banks to support the country’s rapid economic growth over the coming decades, according to Bloomberg. These proposals include allowing large companies to apply for banking licences, encouraging non-bank finance companies (NBFCs)
The government and the Reserve Bank of India are looking at the entry of new banks and merge some of the existing public sector banks to create a financial system that can encourage risk-taking ability to support the pace of growth in a country that is slated to be the third largest economy by 2027-28.
Today’s need-to-know stories Fed proposes rating overhaul to ease path for US bank M&A The Federal Reserve has proposed changes to how it evaluates major US banks under its large financial institution rating framework, aiming to make it easier for them to qualify as “well managed” and therefore reduce barriers to mergers and acquisitions. Under
Equity Bank has announced that its digital banking services are currently experiencing intermittent downtime. According to the bank, the temporary outage is affecting its Mobile App, online banking portal, *247# USSD service, and the EazzyBiz platform for businesses. In a service notice issued on Friday, July 11, the bank confirmed that its technical team is
Photo: Mali Maeder on Pexels.com Lloyds Banking Group and its four charitable Foundations have launched a joint Financial Resilience fund, offering £4.2 million to help people in financial hardship. The funding will go to charities who can help these people gain confidence and skills to manage their finances, reduce reliance on debt and achieve long-term financial stability.
The Executives Behind Palmer Luckey’s Tech-Focused Erebor Bank
Palmer Luckey, CEO of defense tech giant Anduril Industries, is quietly building a new digital banking venture — and we now know more about who will be helping him. The startup, Erebor, is raising $225 million at a $2 billion valuation, Business Insider reported in July. It has backing from Peter Thiel’s Founders Fund and