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IBOS member HSBC announces Q3 2017 earnings

IBOS member HSBC announces Q3 2017 earnings. Reporting before-tax profit of $14.9bn, up 41% from last year ($4.3bn) and achieving annual run-rate savings of $5.2bn since their investor update, IBOS member HSBC has remained committed to delivering positive adjusted Jaws for 2017. Stuart Gulliver, Group Chief Executive, commented:  “We maintained good momentum in the third quarter, with higher revenue in our three main global businesses. We also continued to make …Read More

IBOS member RBS reports Q3 2017 financial results

RBS reported a profit before tax of £871 million and an attributable profit of £392 million for Q3 2017, the third successive quarter of profit, and an attributable profit of £1,331 million for the year to date. Return on tangible equity was 4.5% for the quarter, and 5.2% for the year to date, with a core adjusted return on equity of 15.0% in Q3 2017. RBS delivered positive operating JAWS …Read More

IBOS member Santander announces Q3 2017 financial results

IBOS member Santander’s attributable profits have reached €5,077 million for Q3 2017, with underlying profit before tax of €10,175 million, up 19%.  Banco Santander earned an attributable profit of €5,077 million during the first nine months of 2017, an increase of 10% compared to the same period last year after €515 million of one-off items. This was driven by further improvements in the quality and recurrence of the Group’s revenues, combined …Read More

IBOS member US Bank reports its 2017 third quarter financial results

IBOS member US Bank’s parent company, US Bancorp, has announced its 2017 third quarter financial results. US Bancorp reported a net income of $1,563 million for Q3 2017, or $0.88 per diluted common share, compared with $1,502 million, or $0.84 per diluted common share, in Q3 2016. Net income attributable to US Bancorp was $1,563 million for Q3 2017, 4.1 percent higher than the $1,502 million for Q3 2016, and 4.2 per cent higher than the $1,500 …Read More

Five ways banks are using blockchain

Banks are constantly seeking new ways to use blockchain technology to transform sizeable chunks of their business. The top five ways banks are using blockchain technology are: Clearing and settlement, payments, trade finance, identity and syndicated loans – which are all ripe for modernising. Invented in 2008, blockchain technology stands to completely change business and banking. By employing an ‘open ledger’ methodology where all users or ‘nodes’ have a copy …Read More

IBOS member Nordea awarded The Banker’s Transaction Banking Award

IBOS member Nordea has, for the second consecutive year, won The Banker’s Transaction Banking Award for the Nordic region. On Monday 2 October 2017, Nordea was awarded The Banker’s “Transaction Banking Award 2017 for the Nordic region”. According to The Banker, the award recognises “the importance of transaction banking and transaction services to the banking industry as a whole”. The winning bank must demonstrate success in diverse initiatives intended to …Read More

IBOS member UniCredit Bank ranked number one in Cash Management by Euromoney

IBOS member UniCredit has been ranked number one in Cash Management in 11 countries by the Euromoney Cash Management Survey 2017. UniCredit demonstrated its dominance and market leadership in Europe with first-place rankings in Austria, Bosnia & Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Italy, Romania, Serbia, Slovakia and Turkey. This year’s considerable increase is an exceptional achievement from the previous year – rising from five number-one rankings to 11. Gianfranco …Read More

IBOS member RBC introduces seven new ETFs

IBOS member Royal Bank of Canada (RBC) recently announced the launch of seven new index tracking Exchange Traded Funds (ETFs). The seven new index tracking ETFs are sub-advised by State Street Global Advisors (SSGA), the investment management arm of State Street Corporation. SSGA focuses on providing highly disciplined, risk controlled investment strategies to the global marketplace. Mark Neill, head of RBC ETFs, commented: “Over the past six years, Canadian investors …Read More

IBOS member Ulster Bank to open up online banking with new API

IBOS member Ulster Bank has announced Ireland’s first banking open application programme interface (API). This move is set to change the way in which customers engage with their finances by enabling developers to create new products and services using banking data. APIs are essentially portals that allow information to be safely and easily exchanged between trusted third parties. While relatively new to the world of banking, APIs have been used …Read More

IBOS member RBC announces personalised digital financial insights and automated savings service

IBOS member Royal Bank of Canada (RBC) is the first bank in Canada to offer clients personalised digital financial insights and a fully-automated savings service through the award-winning RBC Mobile app. In another first for a Canadian bank, RBC has announced the pilot launch of two digital services based on artificial intelligence (AI) that offer insights about RBC’s client’s financial insights and a fully-automated savings solution that uses predictive technology …Read More