The Engage Tracker – Financial Services and Banking – 18/03/2022

Hi,

We hope you had a wonderful Saint Patrick’s day!

Lots of exciting news and interesting market developments in this week’s Engage Tracker.

Colossal Catch

Non-Bank Mortgage Lenders Most Exposed In Rising Rates.

Financial markets are increasingly pricing in ECB rate hikes from the second half of this year – concerned about the effect of war in Ukraine on inflation, not economic growth. As non-bank lenders ultimately fund themselves in the market, they are most exposed to rising market rates.

Salient Snippets

Fintech Firm Genesis To Grow Its Dublin Team By 40 People.

New York-headquartered fintech Genesis has said it will create 40 new jobs in Dublin within the next two years.

The company will use its new Dublin office as its European hub, with sales, accounting, finance and data analytics teams.

Barclays EU Hub Loses Spot As Largest Irish bank.

The Irish unit of Barclays, which has become the British bank’s post-Brexit EU hub, was knocked off the perch as the largest bank in the Republic last year as its balance sheet contracted and retail lenders Bank of Ireland and AIB saw their asset bases rise.

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