All articles by Duygu Tavan
Duygu Tavan
Crédit Agricole’s client base up 25% in Italy
Credit Agricole will incorporate all of Cassa di Risparmio della Spezias branches into its Italian business within the next few months, increasing its Italian retail client base by a quarter. Crdit Agricole Italian unit Cariparma Crdit Agricoles branch network will increase by 172 outlets and have a total of 902 branches across Italy.
China Banking Corporation launches mobile app
China Banking Corporation (China Bank), headquartered in the Philippines, has become the latest bank in Asia to introduce a mobile banking service. The China Bank Online for Mobile app complements China Banks internet banking service and is accessible via all internet-enabled mobile devices, including the Ipad and Ipod Touch The bank said that the app makes the three most used banking services balance enquiry, fund transfer and bill payment fast, easy and convenient
Bleak conditions in UK banking sector continue into 2011
The latest survey on the financial sector by Pricewaterhouse Coopers (PwC) and CBI confirmed bleak conditions in the UK banking market Although banks feel more confident than at any time since 2005, profitability grew at the slowest pace in since March 2009 and fell unexpectedly in the last three months of 2010. In retail banking, the survey found that subdued business was triggered by continuing feeble conditions in new mortgage lending and debt repayment
TEB to introduce digital credit card
Turk Ekonomi Bankasi (TEB) is going to introduce a digital credit card in the second half of the year following huge success with the launch of the worlds first digital card last year.
RBC sponsors golfers Furyk, Els, Kuchar
Royal Bank of Canada has announced that it will sponsor golfers Jim Furyk, Ernie Els and Matt Kuchar during the PGA Tour The bank said the partnerships are part of its strategy to strengthen its charitable causes and one of the key sports for the banks brand communication. The PGA tournament will begin in Hawaii on 10 January and last seven days, during which time Furyk, Els and Kuchar will carry RBC branded golf bags; and feature in RBCs marketing and advertising campaigns planned for the US, Canada and international markets.
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Bank of Ireland ups fees ante, seeks fresh capital
Bank of Ireland (BofI) will start to charge the majority of its current account customers from the end of February. To avoid current account charges, BofI customers will require to deposit a minimum of 1,000 ($1,311) per month into their account and in addition, make nine payments per quarter. The increase in fees runs contrary to an assurance given by BofI last August that it was supporting its customers through these challenging times.
US- consumer confidence in banks rises slightly in H210
US bank s’ customers have regained a little confidence in their financial institutions during the second half of 2010, according to a report from BAI and Finacle.
BofA to extend checking account fees, TCF U-turn bucks trend
Bank of America (BofA) is to ramp up its drive to charge customers monthly fees for all but its most affluent clients. BofA will charge customers a monthly fee of $9 for its Essentials account if they visit a branch teller or receive paper statements. Customers who elect to use BofAs eBanking account, launched last year, will continue to receive free checking if they use only the banks online channel and choose toreceive electronic statements
HSBC to target Thai retail growth
HSBC is aiming to boost its retail banking business in Thailand following the local governments easing of its restrictive banking rules. The Thai government is going to relax rules under its Financial Sector Master Plan phase II, allowing foreign lenders to open up to two additional branches. Phase II of the banking competition law will enable HSBC to boost its credit cards and personal loans business, the core focus of its retail banking business in Thailand, the bank said.
Retail segment key driver for Turkish banks’ profits in 2011
Retail banking is going to be the key driver of success for banks in Turkey this year, according to a study by the Boston Consultant Group (BCG). Online banking soaring by 137% and reached 6.4m active customers in 2010, while the number of total ATMs across Turkey soared by 81% since 2005, taking the total number to 27,000 in 2010.