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.
While there has not been much change in the positions of the top 10 Indian banks by Tier 1 capital, it is sixth-largest lender, Kotak Mahindra Bank, that tops the performance table.
The Landesbanken’s liquidity at the end of 2022 was very strong.
The government has resorted to unconventional fiscal policies.
It is too early to understand how much the new service will affect banks’ revenue.
The changing funding composition is particularly relevant in 2023 and 2024, says the European Banking Authority.
The potential risk to banks is mitigated much more than before the global financial crisis.
Total assets for the country’s financial co-operative sector reported 28.6% growth last year.
In May, households withdrew £4.6bn from banks and building societies.
M&A fees are down 35% for the year to date, dropping to a nine-year low.