The industry needs to digitise its core businesses, cuts costs and create increased shareholder value, concludes a report from Oliver Wyman.
An upgrade for the US, Europe and Japan is offset by downgrades for Mexico and other major emerging economies.
Deutsche Bank, HSBC, KBC, Natixis, Rabobank, Société Générale and UniCredit signed a memorandum of understanding in Brussels for developing digital trade chain (DTC).
The Swedish corporate bank’s fixed income macro strategist believes rising infltaion will see the Riksbank lift rates.
ClearBank is likely to concentrate on services for fintechs, according to founder Nick Ogden who originally launched WorldPay.
Proof of Concept has been launched to determine if distributed ledger technology could help banks reconcile their nostro databases in real time.
The Middle East kingdom, which aims to lessen its dependency on oil revenue, plans to cut billions as part of its aim to achieve a balanced budget by 2020, claims a report.
The sixth annual ‘risk barometer’ issued by insurer Allianz also finds that cyber risk has risen to become one of the top three corporate concerns globally.
The Postal Savings Bank of China said it has executed more than 100 business transactions via blockchain in the past three months.
The bank is using Twitter and LinkedIn in its search for talented graduates, reports the Financial Times.