BREAKING NEWS

Banking

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…

Business

Italy readies state bailout for Monte dei Paschi - sources

The world’s oldest operating bank Monte dei Paschi needs to raise five billion euros by the end of this month, and sources say it now looks headed for a state…

The world’s oldest operating bank Monte dei Paschi needs to raise five billion euros by the end of this month, and sources say it now looks headed for a state…

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.

Business

Commerzbank's shares slip despite restructuring

Commerzbank has confirmed it will reduce its workforce by more than a fifth - cutting 9,600 jobs as it faces a slump in earnings.

Commerzbank has confirmed it will reduce its workforce by more than a fifth - cutting 9,600 jobs as it faces a slump in earnings.

Business

Draghi faces off against German critics

Grilled by German lawmakers, ECB head Mario Draghi has been defending its ultra low interest rates and other stimulus measures.

Grilled by German lawmakers, ECB head Mario Draghi has been defending its ultra low interest rates and other stimulus measures.

Business

Deutsche Bank shares perk up on insurance sale, rescue plan denial

Deutsche Bank's shares rose on Wednesday after the CEO said it didn't need to raise money and the German government denied it was preparing a rescue plan.

Deutsche Bank's shares rose on Wednesday after the CEO said it didn't need to raise money and the German government denied it was preparing a rescue plan.

Business

French court cuts damages owed by rogue trader Jerome Kerviel

A French appeals court has cut the amount of damages owed by trader Jerome Kerviel to his former employer Societe Generale to a million euros.

A French appeals court has cut the amount of damages owed by trader Jerome Kerviel to his former employer Societe Generale to a million euros.

Business

Bank of Japan changes stimulus policy, denies it's running out of options

The Bank of Japan is changing tack as it tries to get the economy growing again with an increased emphasis on the amount of interest paid to investors who buy government bonds.

The Bank of Japan is changing tack as it tries to get the economy growing again with an increased emphasis on the amount of interest paid to investors who buy government bonds.

News

Eight years on - the collapse of Lehman Brothers

US investment bank Lehman Brothers collapsed on September 15, 2008, sparking the the global financial crisis, the effects of which the world is still feeling.

US investment bank Lehman Brothers collapsed on September 15, 2008, sparking the the global financial crisis, the effects of which the world is still feeling.