Bank of England: Legacy Banking Arrangements Costing UK Businesses
The SWIFT network that drives the global banking system is 50 years old. It’s no surprise then that many organisations have banking arrangements that are not fit for purpose. …
US: Sleepy Money Drives Record Bank Profits in Q3
The rise in interest rates is driving bank profitability in a way not seen since before the Global Financial Crisis. Lower provisions have added further to the record figures. …
Bank of England: UK Businesses not taking advantage of higher interest rates
UK businesses continue to achieve a poor return on bank funds according to the latest data recently released by the Bank of England. …
ECB: Euro Corporations getting a raw deal from their Banks
According to the latest ECB data published on 01 September 2023 Euro businesses are contributing €’billions to bank profits because their banking arrangements are poorly structured. …
Bank of England: Paltry Returns on Bank Cash Frustrates UK Businesses
UK CFO’s have a bit more to cheer about as the UK banks are paying more for their bank funds. However in many cases the increase in deposit rates will be offset by the increased cost of borrowing. …
Central Bank of Ireland August ’23 Report: the Data Behind Record Bank Profits
Bank of Ireland, self-proclaimed ‘The National Champion Bank’ generated over €1bn in profits in H1 2023. …
Bank of England: Latest Interest Rate Report July 2023
The net interest margins of the UK banks continue to climb almost in step with the base rate increases. …
ECB: Real Cost of Banking for Euro Businesses Continues to Rise
According to the ECB data published on 02 August 2023 Euro businesses are contributing €’billions to bank profits because they haven’t optimised their banking arrangements. …
Bank of England: June Interest Rates Report Commentary
The June statistical release from the Bank of England shows an improvement in the UK banks deposit rates for businesses but this improvement continues to lag the increases in the base rate. …
Poor EU Bank Yields despite Heightened Risk
New EU rules for dealing with bank failures are still not implemented leaving the position of uninsured depositors (bank balances over €100,000) uncertain. …
