Swiss National Bank to expand digital currency project
The Swiss National Bank (SNB) is considering expanding its pilot project with wholesale central bank digital…
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Commerzbank
Russian court seizes $13m from JPMorgan, Commerzbank
A Moscow court authorised the seizure of a staggering 12.4 million euros ($13.34 million) of assets held in Russia…
Western banks hand €800m tax to Kremlin in ’23
The seven largest European banks in Russia paid over €800 million in taxes in 2023 despite pledges to reduce their…
Germany’s industrial output drops in November ’23
Germany’s industrial production fell unexpectedly in November, Reuters reported on Tuesday, citing the federal…
German inflation still high to record 9.2% in January
Germany’s inflation continues to rise at the beginning of the year to set at 9.2 percent in January due to the…
Deutsche Bank, Commerzbank unveil historic merger talks
A merger of Deutsche Bank and its rival Commerzbank could result in as many as 30,000 job cuts over the long term,…
Deutsche Bank’s top investor Chinese HNA reportedly plant to exit stake
Deutsche Bank AG’s top investor, China’s HNA Group Co., is planning to exit its entire stake in Germany’s largest…
SocGen leaves the door open for further acquisitions
French lender Societe Generale could make further acquisitions in the coming years as part of its transformation…
SocGen chief urges regulators to help strengthen Europe’s banks
Societe Generale’s chief said banking space in Europe should follow in the footsteps of the U.S.’s, calling on…
Oil likely to see downward correction over the coming months: Commerzbank
Oil traders should expect prices to pullback by at least 15 percent over the coming months, a senior analyst at…
