European banks see Q4 profit surge, ’25 outlook wobbles
European banks are set to post strong fourth-quarter 2024 profits, fuelled by robust lending margins and investment…
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European banks
European banks turn to AI for cost cutting
European banks are increasingly deploying artificial intelligence (AI) tools to cut staff costs, with Italian…
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…
Climate complacency endangers eurozone banks – ECB
The European Central Bank (ECB) stated on Tuesday that most large European banks are not adapting their operations…
EBRD allocates €30mln to support MC IV in Egypt, Morocco and Tunisia
The European Bank for Reconstruction and Development (EBRD) commits up to €30 million to Mediterrania Capital IV…
ECB calls out bank’s lack of climate risks transparency
The European Central Bank (ECB) has published its third assessment of the progress European banks have made in…
ECB sticks to keep increasing its interest rates
The European Central Bank (ECB) is expected to continue increasing interest rates, as the 2008 financial crisis is…
European banks may be at risk of failure if negative rates keep on – EIU
Large banking institutions in Europe may face the risk of failure if interest rates continue to stay negative, an…
European banks bid to invest in Egypt: CBE governor
The Central Bank of Egypt (CBE) received bids from European banks to pump investments into the Egyptian market, CBE…
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…
BoE to allow EU banks to operate in UK as normal after Brexit
The Bank of England will allow European banks to continue selling their services in the United Kingdom without…
Europe banks hold €988 billion in NPLs: IMF
Bank in Europe still hold "a very high" €988 billion ($1.17 trillion) in non-performing loans (NPLs) on their…
EU draft plan targets new bank creditor class to bear losses
European banks would be able to issue a new category of debt that could be wiped out in a crisis only after shares…
Europe stocks close higher as banks rally ahead of stress tests; earnings weigh
European stocks recovered to end in the black on Friday as investors worked their way through another raft of…
SocGen Resurgent in Gulf as Bank Seeks Growth After Crisis
Societe Generale SA (GLE), France’s second-largest bank, is seeking to boost lending in the Middle East as part of…
Credit Suisse Plans New Asset-Backed Bonus Scheme
Credit Suisse is preparing to offload more risk exposure to staff in its 2012 bonus giveaway but significantly…
NBE In Talks With World Bank, European Banks To Borrow US$ 200 Mln
The National Bank of Egypt (NBE) currently conducts negotiations with the World Bank and European banks to receive…
Deutsche Bank’s Legal Woes Deepen As Overhaul Hits Profit
Deutsche Bank AG (DBK)’s announcement yesterday that earnings will suffer this quarter added to a cacophony of…
French Banks Sell Units In Egypt On Eurozone Crisis
As French financial institutions retrench from expansion abroad to face the eurozone crisis, two French banks have…
Turkey Issues New Rules For Lira Reserves Held In Foreign Currency
Turkey’s central bank said banks must hold at least 50 percent of the foreign currency they deposit as reserves for…
French Bank BNP Paribas Hits Capital Goal Early
BNP Paribas, France's biggest listed bank, has hit a target to strengthen its capital base six months early as it…
Deutsche Bank Suspends Two Employees Over Allegations Of Libor Manipulation
Deutsche Bank (DBKGn.DE) has suspended two employees after it used external auditors to check if its staff was…
ECB To Act As EU Unified Banking Supervisor In 2013: Asmussen
The European Central Bank will be able to fully act as Europe's unified banking supervisor only from next year, a…
Basel Committee Considers Tougher Rules On Non-Centrally Cleared Swaps
Banks may have to meet minimum collateral rules for over-the-counter derivatives trades that aren’t centrally…
Investor Sues Barclays On Euribor Manipulation
Barclays Plc (BARC) was sued by an investor who claimed her futures-trading business was harmed by the bank’s…
Global Economy Is Deteriorating: IMF’s Chief
The head of the International Monetary Fund expressed concern on Friday at a deterioration in the global economy,…
ECB Cuts Interest Rates..Fuelling Talks Of QE
The European Central Bank’s step into the world of zero interest rates is fueling speculation it may…
Barclays’ Diamond Blames Regulators
Robert Diamond, who quit this week as chief executive officer of Barclays Plc (BARC), sought to blame other banks…
Barclays’ CEO Steps Down, Chairman Returns
Barclays PLC Chief Executive Bob Diamond resigned Tuesday in a surprise move that saw Marcus Agius return as…
Barclays chairman Quits Over Loan Rates Scandal
Barclays on Monday announced the resignation of its chairman, Marcus Agius, in the widening scandal surrounding…
NBG Negotiates With Credit Agricole Over Greek Unit
National Bank (NBGr.AT), Greece's biggest lender, said on Monday it was in talks with France's Credit Agricole…
Three Greek Banks Eye Acquiring Crédit Agricole’s Greek Unit
Greece’s three biggest lenders – National Bank of Greece, Alpha Bank and Eurobank EFG have shown interest in buying…