Deutsche Bank to nearly halve Postbank branches by 2026: spokesperson
(Reuters) – Deutsche Bank plans to cut the number of its Postbank branches from around 550 to 300 by mid-2026 as it adapts to changing demand, a spokesperson said in a written…
HSBC to close 114 branches in Britain from April 2023
LONDON (Reuters) – HSBC will close 114 branches in Britain from April 2023, the British lender said on Wednesday, the latest in a string of such announcements by retail banks in the…
Russia’s Sberbank opens ‘vostro’ rupee accounts at India branches
MOSCOW (Reuters) – Russia’s dominant lender Sberbank is offering clients “vostro” accounts in rupees at its branches in India, aiming to facilitate clients in carrying out rupee-denominated trade transactions which are increasing…
Spain’s BBVA closes deal with Merlin to buy back 662 branches
MADRID – Spain’s BBVA on Friday said it had bought back 662 branches, which it sold between 2009 and 2010 under a sale and lease back agreement to Tree Inversiones Inmobiliarias, owned…
Intesa opening Pravex bank branches in Ukraine when safe to do so
MILAN – Italy’s biggest bank Intesa Sanpaolo said it was determined to support customers of its Ukrainian subsidiary Pravex Bank and was opening branches in the country to provide essential services whenever…
Citibanamex to remodel Mexican branches, open at least 50 more in $68 million expansion
By Kylie Madry MEXICO CITY – Citibanamex is spending 1.4 billion pesos ($67.8 million) to remodel more than 1,200 branches in Mexico with plans to expand, a top executive said on Thursday.…
Sberbank’s Czech branches to stay closed on Monday – CTK
PRAGUE – Russian bank Sberbank’s Czech unit will keep branches closed on Monday and card transactions and internet banking stopped, CTK news agency reported on Sunday, citing the bank as saying it…
Forcing foreign banks to become EU branches ‘a last resort’, says official
By Huw Jones LONDON – Forcing foreign bank branches in the European Union to become subsidiaries would be a “last resort” to shed light on regulatory blind spots, a senior EU official…
Breaking News
