European banks turn to AI for cost cutting
European banks are increasingly deploying artificial intelligence (AI) tools to cut staff costs, with Italian…
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European banks
Russia sues European banks over funding dispute
Russia's RusChemAlliance is taking legal action against five European banks for cutting off financing for a gas…
Credit Agricole shifts from precious metals to carbon markets
Credit Agricole, France’s second-largest listed bank, will transition from trading in precious metals to focusing…
Expobank completes sale of HSBC’s Russian operations
HSBC has finalised the sale of its Russian unit to Expobank, ending two years of negotiations, Reuters reported on…
ECB’s Villeroy calls for EU bank rule delay over US Basel III lag
The European Union "could and should" delay the implementation of certain bank capital rules if the US takes too…
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…
European banks face interest rate test in earnings reports
Investors are eagerly awaiting the first quarter earnings reports from major European banks, starting with…
European banks seek ‘strategic’ status
European banks are urging the European Union (EU) to classify them as a strategic sector, warning that their…
Hedge fund veteran in talks with banks for first-ever emissions risk transfers
Investment manager at Newmarket Capital, Andrew Hohns, is proposing a novel securitisation strategy to banks aimed…
European banks struggle with $1.5 tn loans for property industry
The European banks have approximately 1.4 trillion euros ($1.50 trillion) in loans allocated to the beleaguered…
