European banks have been forced to slash more than 60,000 jobs as they face falling profitability, The Financial Times reported on Saturday (Dec. 7). Lenders across Germany, the U.K., France, Spain and Switzerland have suffered due to Brexit, slowing economic growth, increasing regulations and the...
A group of banks in Europe said they are trialing SWIFT instant gpi cross-border payments. Elsewhere, Square has launched a payment processing service for CBD firms.
SWIFT announced Tuesday (May 21) that a group of banks are trialing instant gpi cross-border payments in Europe via the TARGET Instant Payments Settlement platform. In a press release, SWIFT said it has teamed with the European Central Bank to extend cross-border payments further into...
Danske Bank whistleblower Howard Wilkinson, speaking during a public hearing at the Danish parliament Monday (Nov. 19), contended that a major European bank helped to process as much as $150 billion in suspicious payments, and noted that two U.S.-based lenders were involved. According to a...
February 12, 2024
Europe’s new top bank regulator wants lenders to beef up plans for dealing emerging risks. “Many of the issues dominating today’s headlines were inconceivable a decade ago,” Claudia Buch said in her first speech as chair of the European Central Bank’s Supervisory Board Monday (Feb. 12), per a report by Bloomberg News. “This underscores the need for banks not […]
December 08, 2019
European banks have been forced to slash more than 60,000 jobs as they face falling profitability, The Financial Times reported on Saturday (Dec. 7). Lenders across Germany, the U.K., France,...
May 21, 2019
SWIFT announced Tuesday (May 21) that a group of banks are trialing instant gpi cross-border payments in Europe via the TARGET Instant Payments Settlement platform. In a press release, SWIFT...
November 19, 2018
Danske Bank whistleblower Howard Wilkinson, speaking during a public hearing at the Danish parliament Monday (Nov. 19), contended that a major European bank helped to process as much as $150...
