CYBG, JPMorgan, RBS, BBVA in Banking this week

Which? has claimed that it expects the advent of Open Banking to lead to more instances of ‘push payments’ scams. Separately, Get Safe Online has warned that the number of businesses pretending to be involved in Open Banking in order to steal consumers’ details...

Zelle, Natwest, RBS and First Direct in Banking

Sunday Times has reported that the fees that three of the UK’s largest banks receive from credit and debit card transactions has decreased by 20% to £3bn since 2014. Lloyds Banking Group has seen transaction fees fall by 16% to £875m since 2014. Royal Bank of...

ECB, Barclays, and RBS in banking this week

ECB has warned British banks planning to relocate operations to another country in the EU before Brexit that it will not grant licences to ‘empty shells’. Sabine Lautenschlager, a senior regulator, also said banks were falling behind schedule in making preparations...