Banking Retail

Latest News for: Banking retail

Fidelity bank: Steadily aiming high

Business Day Online 21 Aug 2018

Fidelity was also recently rated the 4th best bank in the retail segment by KPMG, a consultancy, in its 2017 Banking Industry Satisfaction Survey (BISS).The bank already maintains high standards for some regulatory metrics ... The bank is also counting on its digital banking platform to drive down the cost-to-income ratio to 50 percent (72.7 percent in ......

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Patrick Nygren joins Union Bank as Regional President for the Los Angeles and Central Coast

Market Watch 21 Aug 2018

Nygren has more than 15 years of experience in consumer and small business banking ... operated 355 branches, comprised primarily of retail banking branches in the West Coast states, along with commercial branches in Texas, Illinois, New York and Georgia, as well as 22 PurePoint Financial Centers. We provide a wide spectrum of corporate, commercial and retail banking and wealth management solutions to meet the needs of customers....

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Big banks are getting ready for an uncertain future

CNBC 21 Aug 2018

Upcoming digital banking groups pose a big challenge to established banks. With banks cutting down on physical retail branches, smartphone banking is the new way to go. But are the big banks ready for this challenge? ... ....

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Digital payments: 4 emerging trends

Live Mint 21 Aug 2018

Banks and fintech companies adopting new technologies for ultra-fast transactions, incentivisation of digital payments and use of data are some of the emerging trends that will push forward the adoption of digital payments ... With many banks and fintech firms also offering incentives to consumers for choosing digital wallets for payments, retail payments are likely to grow at a faster pace in 2018....

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Should you shift FDs for better rate?

DNA India 21 Aug 2018

As a result, big old banks offering 7% FD interest are getting away, while the 8-9% offer from newbies hunting for retail deposits goes abegging. DNA Money brings you the latest on bank FD interest rates, and talks to experts about whether you should switch or not ... But banks haven’t been kind to them ... The younger retail investor may swear by mutual funds, but the bank FD remains the favourite for a large population....

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Ping An Insurance posts best 6-month profit in decade on strong customer growth

This is Money 21 Aug 2018

Retail customers grew 25.2 percent in the first half year-on-year, hitting 179 million, with each customer holding 2.39 contracts on average, up 4.8 percent ... Profit from Ping An's banking arm came in at 13.4 billion yuan in the first half, up 6.5 percent. Ping An Bank, like others in the industry, has been shifting to retail banking in an attempt to bolster returns as corporate loans become more risky....

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Banks waive various charges for Kerala customers

The Times of India 21 Aug 2018

ICICI Bank said it will waive off penalties on late payment of EMI for all retail loans -- home, car and personal -- for its customers in Kerala in August ... HDFC Bank has also waived late payment fees on EMIs/dues on loans and credit cards for August....

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Kerala floods: Insurers may face claims worth Rs 5,000cr

The Times of India 21 Aug 2018

Financial institutions - including banks, NBFCs and insurers - are likely to take a hit from the Kerala floods ... An SBI report said banks may see stressed assets and defaults rising towards the end of the year from this region ... With the slowdown in economic activity, banks will have trouble in cash flows from retail, SME and corporate borrowers....

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JSE opens weaker in choppy trade as Trump questions Fed’s actions

Business Day 21 Aug 2018

Local gold miners recovered strongly on the weaker dollar, with banks, financials and property stocks benefiting from the stronger rand ... The president's growing discontent could become a precursor to clashes between the White House and the central bank as the Fed proceeds with long-planned increases in short-term rates, the newswire said ... The gold index rose 2.95%, banks 0.84%, property 0.74% and general retailers 0.7%....

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JSE flat as corporate results offset a weaker dollar

Business Day 21 Aug 2018

Reports suggesting Trump was dissatisfied with rising interest rates put the dollar under pressure, with gold miners, banks and retailers gaining as a result ... Big diversified miners and some rand hedges, however, were under pressure as the rand extended Monday’s gains. The all share firmed 0.07% to 57,186.7 points and the top 40 rose 0.05%. Gold miners rose 2.37%, general retailers 2.07% and banks 1.25% ... ....

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Kony Named Gold Partner by the National Association of Credit Union Services Organizations

Odessa American 21 Aug 2018

As a Gold Partner member, Kony’s digital banking division Kony DBX will support NACUSO’s mission “To be the catalyst for instituting collaboration, innovation, and the reinvention of the Credit Union industry.” ... Kony DBX is the banking and financial services arm of Kony, Inc ... For more information on Kony DBX and Kony DBX Retail Banking, visit Kony DBX or connect with Kony DBX on Twitter, Instagram, and LinkedIn....

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Britain can't afford to close door to EU banks after Brexit

This is Money 21 Aug 2018

Bankers worried this meant that if the EU did not give Britain broad market access, London would impose tit-for-tat restrictions on EU banks or even tighten up treatment of all foreign lenders ... Britain allows non-EU "third country" banks to operate as a wholesale - but not retail - branch in London, meaning it doesn't require costly capital cushions that subsidiaries have....

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US STOCKS-Wall St rises on trade, earnings optimism

This is Money 21 Aug 2018

Trump also said he was "not thrilled" with the Federal Reserve for raising rates and that the central bank should do more to help him boost the economy ... The minutes of Fed's August policy meeting on Wednesday may indicate the central bank's confidence in economic growth and commitment to future rate hikes ... Shares of bank stocks rose....

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