In the first quarter of 2024, banks expect a small net increase in demand for loans to firms — for the first time since the second quarter of 2022
Facebook Marketplace scams currently account for 73% of all purchase fraud cases at the bank.
As laid bare by stress test results, relevant credit growth in China is unlikely as it could further undermine banks’ loss absorption capacity.
The growth of credit in Turkey has suffered in the past few years, though it showed more dynamism last year.
Banks in the country will lose the ability to generate sufficient levels of capital.
Slower economic growth will weigh on loan growth, and banks worldwide have announced significant job cuts.
The country’s financial institutions are working on consolidating the role of cash and the requirements for access to it with a law that would take effect in January 2025.
The country’s slow growth and investment outlook will reduce demand for mortgages, a key growth driver for its retail banks.
Being put on the FATF greylist means domestic lenders may struggle to maintain correspondent banking relationships and access external finance.
Banks have not made substantial improvements since the FCA’s remarks in July.
Banks in the region are raising less debt amid uncertainties about interest rates and the growth outlook.
The future government will face three major economic challenges: a marked slowdown in growth, a deterioration in budget deficit and an increase in credit risk.
Like other challenger banks, Metro Bank has struggled with profitability over the past few years. But unlike others, it also reported a drastic drop in Tier 1 capital.
The sector was described as stable by the IMF in September, but the ongoing conflict with Israel is set to change the outlook.
The mergers and acquisitions environment has been suppressed by inflation and rising interest rates so far.
An annual survey by McKinsey dives into the challenges to growth and profitability of European private banks. After a successful 2021, the industry is navigating an uncertain macroeconomic outlook and evolving client needs.
Decline in revenue likely to continue into 2024, says Scope Ratings.
Despite the advance in the number of people accessing financial services in the region, those who have access to them still face struggles in terms of costs and indebtedness risk.
Global account-to-account transaction value surpassed $525bn in 2022 and is projected to grow at 13% to 2026.
While net interest margins have peaked, the higher level of prevailing interest rates continue to play in the banks’ favour.