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HSBC to move 1,000 staff from London to Paris after Brexit

HSBC, Europe's biggest bank, plans to shift around 1,000 workers, who generate around 20 percent of its trading revenue to Paris, post-Brexit.

HSBC, Europe's biggest bank, plans to shift around 1,000 workers, who generate around 20 percent of its trading revenue to Paris, post-Brexit.

News

Deutsche Bank reach multi-billion dollar settlement with DoJ

Deutsche Bank, one of the biggest banks in the world, have reached an agreement with the US Justice Department over its sale of toxic mortgages in the run up to the 2008…

Deutsche Bank, one of the biggest banks in the world, have reached an agreement with the US Justice Department over its sale of toxic mortgages in the run up to the 2008…

Business

Spanish banks lose mortgage interest rate case

The European Court of Justice has ruled that two million Spanish mortgage holders are entitled to bank refunds because they paid too much interest.

The European Court of Justice has ruled that two million Spanish mortgage holders are entitled to bank refunds because they paid too much interest.

Business

Italy moves ahead with 20 billion euro bank rescue plan

Italy's parliament has approved a 20 billion euro plan to prop up the country's weaker banks, starting with a bailout for Monte dei Paschi di Siena.

Italy's parliament has approved a 20 billion euro plan to prop up the country's weaker banks, starting with a bailout for Monte dei Paschi di Siena.

Business

How do Europe’s New Banking Regulation Proposals Change International Agreements?

Euronews’ Maithreyi Seetharaman asked Valdis Dombrovskis, the European Commission Vice President for the Euro & Social Dialogue, Financial Stability, Financial Services & Capital Markets Union, if the

Euronews’ Maithreyi Seetharaman asked Valdis Dombrovskis, the European Commission Vice President for the Euro & Social Dialogue, Financial Stability, Financial Services & Capital Markets Union, if the

Business

The banking conundrum

2016 has been quite the rollercoaster year for European banks, with elections, regulations and other surprises making investors nervous.

2016 has been quite the rollercoaster year for European banks, with elections, regulations and other surprises making investors nervous.

News

ECB in the spotlight as investors expect more stimulus boosts

The European Central Bank is expected to extend its generous bond buying scheme and keep its principal interest rate, for refinancing operations, unchanged at zero percent as efforts continue to boost

The European Central Bank is expected to extend its generous bond buying scheme and keep its principal interest rate, for refinancing operations, unchanged at zero percent as efforts continue to boost

Business

EU penalises banks for fixing Euribor interest rates

JPMorgan Chase, Credit Agricole and HSBC have been fined a total of 485 million euros for their alleged role in a cartel to fix the price of Euribor interest…

JPMorgan Chase, Credit Agricole and HSBC have been fined a total of 485 million euros for their alleged role in a cartel to fix the price of Euribor interest…

News

Bank note controversy in UK

The Bank of England’s new plastic five pound note has fallen foul of vegans and members of the UK’s Sikh and Hindu communities.

The Bank of England’s new plastic five pound note has fallen foul of vegans and members of the UK’s Sikh and Hindu communities.

Business

Monte dei Paschi banks on restructuring plan

Italy's Monte dei Paschi says its restructuring plan includes writing off bad loans, job cuts and raising five billion euros in new capital.

Italy's Monte dei Paschi says its restructuring plan includes writing off bad loans, job cuts and raising five billion euros in new capital.

News

European Central Bank leaves stimulus measures unchanged

European Central Bank policymakers have kept interest rates and their bond buying programme unchanged, setting the stage for more easing in December.

European Central Bank policymakers have kept interest rates and their bond buying programme unchanged, setting the stage for more easing in December.

Business

Financial sector job loss warning over Brexit

Top international bankers warn they could start moving staff out of Britain by next year if there's no clarity on UK access to the EU single market.

Top international bankers warn they could start moving staff out of Britain by next year if there's no clarity on UK access to the EU single market.

Business

No DoJ deal for Deutsche Bank

Deutsche Bank has failed to secure a speedy deal with the US Department of Justice over the misselling of mortgage-backed securities.

Deutsche Bank has failed to secure a speedy deal with the US Department of Justice over the misselling of mortgage-backed securities.

Business

Bored at the bank? Pepper is here to help

Mini robots called Pepper have been rolled out at a bank in Taiwan to entertain customers as they wait, and try to sell them financial products.

Mini robots called Pepper have been rolled out at a bank in Taiwan to entertain customers as they wait, and try to sell them financial products.

Business

Deutsche Bank: the 'too big to fail' problem returns

In Business Line we examine how Germany's biggest lender Deutsche Bank has become the focus of fears it could trigger a repeat of the 2008 crash.

In Business Line we examine how Germany's biggest lender Deutsche Bank has become the focus of fears it could trigger a repeat of the 2008 crash.

Business

Netherlands bank ING to cut 7,000 jobs in digital quest

ING, the Netherlands' largest financial services company, is getting rid of 7,000 positions and will invest 800 million euros in its technology platform.

ING, the Netherlands' largest financial services company, is getting rid of 7,000 positions and will invest 800 million euros in its technology platform.

Business

Rollercoaster Friday for Deutsche Bank on settlement fears and hopes

Deutsche Bank's shares bounced back on Friday after a media report it was close to settling with US authorities over alleged misselling of mortgage-backed securities.

Deutsche Bank's shares bounced back on Friday after a media report it was close to settling with US authorities over alleged misselling of mortgage-backed securities.