Italian banks' cut plans too modest despite strike call

With Italy mired in its longest recession since the Second World War, the country's hard-pressed banks are cutting jobs, closing branches and infuriating unions, but the cuts are far too modest to achieve the profitability gains they need.


SEB Q3 Pp Profits, Credit Quality Beat Forecast

Swedish banking group SEB reported on Thursday a bigger-than-expected rise in third-quarter operating profits as it beat forecasts on most income lines and credit quality improved.


76% of Global Retail Banks Becoming More Innovative - RESEARCH

This year’s study, which surveyed 148 banks in 66 countries, revealed that as the global economy recovers, retail banks across the world are increasingly investing in innovation as a means of generating revenue and controlling costs.


Polish Bank Zachodni looks to buy local rivals -CEO

Bank Zachodni WBK, the Polish arm of Banco Santander, wants to continue taking an active role in the consolidation of Poland's financial sector after completing the purchase of rival Kredyt Bank