U.K. challenger financial institution Metro Bank is struggling to find a buyer as potential suitors are turned off by the bank’s expensive business model, the Financial Times reported Friday (Dec. 27). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
The U.K.’s efforts to inject competition in the small business banking and financial services sector have culminated in a range of initiatives, from the bank referral scheme to strengthen the position of alternative lenders in the market, to the RBS fund that sees rivals and...
The Federal Deposit Insurance Corporation (FDIC) is setting up an office of innovation to encourage banks to adopt financial technology changes. FDIC Chairman Jelena McWilliams made the announcement at an American Bankers Association conference in New York, revealing that federal bank regulators need to encourage...
December 31, 2019
A decline in ATM usage in the U.K. has left many people resorting to only using their local shops to withdraw cash, due to a declining number of bank branches and free-to-use ATMs. However, the Association of Convenience Stores (ACS) said that the Link service’s cut in fees that it pays to cash machine operators […]
October 25, 2018
The Federal Deposit Insurance Corporation (FDIC) is setting up an office of innovation to encourage banks to adopt financial technology changes. FDIC Chairman Jelena McWilliams made the announcement at an...
