Banks: how advisers and clients converted to videoconferencing

Banks: how advisers and clients converted to videoconferencing

The health crisis and successive lockdowns have pushed banks to accelerate their conversion to digital. The use of videoconferencing has in particular jumped in branches to keep in touch with customers, but has required some adjustments in banks. The poster had been enthroned for several weeks in the window of this CIC agency in the north of Paris. It represented a bank advisor, in a white shirt and tie, framed in a computer window. Below…

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Brexit: tension mounts on financial transfers from the City

Brexit: tension mounts on financial transfers from the City

Some 1,900 financiers are expected in Paris, a limited figure compared to the thousands of employees of the City, and slowed down by the Covid effect. Few central functions are transferred from London. Some banks are taking more advantage of the flexibility granted, despite the ECB’s warning. A minefield for traders expected in Paris, Frankfurt or Dublin when Brexit kicks off on January 1. “The management of Anglo-Saxon banks, especially American banks, have made many…

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Real estate credit: banks are demanding an ever higher contribution

Real estate credit: banks are demanding an ever higher contribution

The contribution required to obtain a mortgage increased “dramatically” last year, according to L’Observatoire Crédit Logement / CSA. Banks were claiming 16.4% of the total loan amount at the end of last year, up from 13.7% in 2020. The effects of the crisis are starting to be felt in the mortgage market. In its latest observatory, published Tuesday, Crédit Logement / CSA observed a real drop-out of the most modest households. The latter fail to…

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Payment: European banks engaged in a race against time

Payment: European banks engaged in a race against time

The European Payments Initiative (EPI) was launched this summer with the aim of enabling Europe to counter the dominance of the American giants. A sovereignty issue according to the European authorities. But the pressure exerted by the Gafa leaves little time to act. The work is titanic, the schedule tight. This summer, sixteen European banks launched, with the blessing of the Brussels authorities, the major project of the European Payment Initiative (EPI). A project which…

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Agencies, apps, video … the puzzle for banks to reach customers

Agencies, apps, video … the puzzle for banks to reach customers

Banks are increasing the number of contact channels with their customers, in particular via digital tools. But they are struggling to find the right formula, even though the bank branch model is undergoing transformation with the crisis. Understand who can. With the health crisis, many lessons have been learned for banks, which have been thinking for years about changing their distribution channels. But – with some exceptions – without managing to express a clear strategy…

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US banks allowed to buy back shares

US banks allowed to buy back shares

The US Federal Reserve again allows banks to repurchase shares under certain conditions and extends restrictions on payment of bank dividends until March 2021. American banks will be able to resume share buybacks for the first quarter of 2021, more than six months after their freeze. So decided the Federal Reserve of the United States Friday after carrying out new stress tests on thirty-three of the most important players in the sector. “The big banks…

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Dividends: banks suspended by decision of the European Central Bank

Dividends: banks suspended by decision of the European Central Bank

The recommendation to banks not to pay dividends to their shareholders could be lifted by the ECB this week, as London decided on Thursday. However, this authorization could be subject to important conditions, such as that of increasing provisions in the face of the risk of non-payment. It is a beacon of hope for investors and managers of listed banks. And she comes directly from London. On Thursday evening, the Bank of England (BoE) announced…

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European authorities call on banks to prepare for the worst

European authorities call on banks to prepare for the worst

The European banking regulator fears that arrears will explode next year, with the end of measures to support the economy, and lead to bank balance sheets. To prevent these from closing the credit tap, the European Commission is preparing a system of “bad banks”. Strong turbulence in sight. The European Banking Authority (EBA), regulator of the sector, on Friday evening called on the banking sector to prepare for a possible explosion of unpaid loans (non-performing…

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Bank dividends: from London to Frankfurt or Bern, the authorities divided

Bank dividends: from London to Frankfurt or Bern, the authorities divided

While the ECB on Tuesday partially lifted the ban on banks distributing dividends, financial supervisors around the world are adopting heterogeneous positions on the subject, ranging from unconditional authorization to maintaining the freezing of all form of remuneration to shareholders. It’s time to take stock for financial supervisors. At the end of 2020, central banks around the world – like the European Central Bank (ECB) whose decision fell on Tuesday – are making their latest…

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Bank dividends: the ECB recommends caution until the end of September

Bank dividends: the ECB recommends caution until the end of September

The European Central Bank has opened the door to a dividend distribution in 2021, but with strict conditions. Opponents and supporters of the measure opposed to the end. The European Central Bank (ECB) is keeping a tight rein on the banks when it comes to dividends. The institution opened the door on Tuesday evening to a resumption of dividend payments by the major banks in the euro area. She recommended freezing dividends nine months ago,…

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