Gradual change seen in euro area payment behaviour

The FINANCIAL --  Cash most popular instrument for in-person retail payments, but use gradually declining, Card payments becoming increasingly contactless, Survey suggests coronavirus pandemic has accelerated use of cashless payment methods. Euro area consumers are gradually shifting towards cards for in-person retail payments, although cash…

3 mins read

ING to appoint Ljiljana Čortan as chief risk officer

The FINANCIAL — ING announced today that Ljiljana Čortan will be appointed chief risk officer of ING. Ljiljana Čortan until recently served as chief risk officer of HypoVereinsbank – UniCredit Bank (HVB) in Germany. She will succeed Steven van Rijswijk, who was…

2 mins read

German industry predicts rise in output

The FINANCIAL — German manufacturers ramped up production for the third straight month, though the pace of growth slowed in July. Industrial output rose 1.2 percent, less than forecast by economists. The increase was led by carmakers while machinery retreated. Investment-goods production still…

7 mins read