All articles by Ellie Chambers
Ellie Chambers
UK’s four biggest banks reserve £21.5bn for conduct costs in 2013 – London School of Economics
The UK’s four biggest banks were forced to reserve £21.5bn ($36bn) to pay fines and customer redress during 2013, according to academic research.
Glitch at US Bank leaves 15,000 Alaska state workers unpaid
A glitch at US Bank has left 15,000 employees of the state of Alaska waiting an extra day for their paychecks.
Co-op Group shrinks stake in struggling banking arm
The UK’s troubled Co-operative Group is to reduce its 30% stake in the Co-op Bank, which currently stands at 30%.
One Savings Bank seeks to raise £41.5m in London IPO
UK lender One Savings Bank is seeking a valuation of between £500m ($848m) and £600m when it floats on the London Stock Exchange in June.
Barclays to shed European retail bank and cut 19,000 jobs by 2016
Barclays is to shed its entire European retail bank and cut 19,000 jobs by 2016, with 14,000 jobs to go this year.
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OECD urges central bank to reign in UK property market
An international think-tank has urged the Bank of England to reign in the UK property market by cutting mortgage subsidies.
TDBC webinar highlights growing interest in PFM tools
The latest Digital Banking Club Webinar, entitled “Personal Financial Management: a key weapon in banking loyalty wars?” was hosted by RBI and Intelligent Environments on 24 April. A record numbers of listeners heard three expert presenters discussing the growing popularity of PFM tools. Ellie Chambers and Sebastian Whale report
JPMorgan Chase shuts down porn stars bank accounts
The US porn industry is up in arms after JPMorgan Chase appeared to order the closure of the accounts of hundreds of adult film stars.
Australias big four banks backing companies accused of unethical practices in Asiapac – Oxfam
Oxfam has condemned Australia’s four biggest banks for supporting companies that are accused of illegally forcing indigenous peoples from their land.
Alpha Bank reportedly eyeing up Citibank’s Greek outfit
One of Greece’s largest four lenders, Alpha Bank, is eyeing up Citibank’s Greek business, according to media reports.