Europe’s banks took further steps on the painful recovery path last year, but non-performing loans still loom over the sector, according to European

Source: European banking sector continues painful path to recovery but bad loans still loom | City A.M.

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ATHENS (Reuters) – Three of Greece’s largest lenders plan to sell up to 5.5 billion euros ($6.5 billion) in bad loans by early next year, sources said, as the country’s central bank chief called on the creaking banking sector to act faster to tackle its bad-debt problem.

Source: Exclusive: Greek banks plan record sale of bad loans as pressure mounts

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ZURICH (Reuters) – Activist investor RBR Capital Advisors wants to expand its stake in Credit Suisse (CSGN.S) to 1 billion Swiss francs (769.83 million pounds), as the hedge fund pushes to spin off the Swiss lender’s investment bank and asset management business.

Source: Activist investor RBR wants to build $1 billion stake in Credit Suisse

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LONDON (Reuters) – Goldman Sachs chief executive Lloyd Blankfein is planning to spend a lot more time in Frankfurt, he said on Thursday, as the Wall Street bank pushes ahead with plans to make the German city a major base after Britain leaves the European Union.

Source: In blow to Britain, Goldman CEO says to spend more time in Frankfurt

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Countrywide will launch an online mortgage broker called Mojo Mortgages in partnership with venture builder Blenheim Chalcot early next year.

Source: Countrywide to launch online mortgage broker | Mortgage Introducer

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Larger banks should be following the lead of their challenger bank rivals and serving the niche areas of the mortgage market, according to The Mortgage Hut managing director Chris Schutrups. Over recent years challenger banks such as Bluestone, Kensington, Atom and Secure Trust have all made inroads in the more niche side of the market

Source: Mainstream lenders urged to provide mortgages to niche markets | Mortgage Introducer

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Technological innovation will benefit bank customers and money remitters with reduced service costs, but will impact the profitability of banks by slashing money transfer fees and commissions

Source: How technology will change the banking industry – Khaleej Times

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The UK inflation rate rose to 3% in September – its highest point in over five years. This represented a rise from 2.9% in August and means wages are still stagnating. However Governor Mark Carney narrowly avoided having to write a letter to Chancellor Philip Hammond explaining why inflation was more than 1% outside the 2% inflation target.

Source: Inflation rate climbs to 3% | Mortgage Introducer

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Two members of the Bank of England’s Monetary Policy Committee have spoken cautiously about the prospect of a rate rise next month. Bank of England deputy governor Dave Ramsden indicated he is not close to voting for a rate hike because there is little sign of inflation getting out of control, while new MPC member Silvana Tenreyro said she would require more data to vote for a rise on November 2.

Source: Two MPC members cautious about rate rise | Mortgage Introducer

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John Phillips is group operations director at Just Mortgages and Spicerhaart In the US, people are proud if they have a high amount insured as it means they are looking after themselves and their families and are not a burden on the state.

Source: A pride in protection | Mortgage Introducer

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Brevan Howard, the London-based hedge fund run by billionaire Alan Howard, is launching a new fund to bet on an increase in volatility in the US Treasury market.

Source: Brevan Howard launches fund betting on US Treasury market volatility – Business Insider

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The governor of the Bank of England (BoE) has confirmed the UK will raise interest rates “in the coming months”, but he declined to confirm market expectations of a November hike.

Source: Bank of England governor Mark Carney declines to give details on rate rise in “coming months” | City A.M.