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Now playing Next Business HSBC hit with £57 million fine for not protecting deposits HSBC neglected to adequately protect customer deposits from around 2015 to 2022, leading to the PRA issuing its second largest fine ever. 30/01/2024
Now playing Next Economy Why is Cyprus seeing Russian bank deposits plunge? The change comes as the government seeks to clean up its country’s financial image. 24/01/2024
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Now playing Next Business Goldman Sachs profits up 51% but full year reflects difficult quarter On a per-share basis, Goldman earned $5.48 per share, beating analysts' expectations. 16/01/2024
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Now playing Next The Big Question The Big Question: Why is it so hard to prevent terrorist financing? The Chief Financial Economic Crime Officer at Rabobank tells The Big Question’s Hannah Brown: “Behind financial crime, you have crime - drug addiction, terrorist financing and modern slavery. And this money has to enter into the system.” 18/12/2023
Now playing Next Economy French banks ploughing billions into green and sustainable loans French banks have doubled the amount of green and sustainable loans given out in 2022, reaching a total of €216 billion, as announced by the Banque Populaire Caisses d'épargne (BPCE) Chairman Nicolas Namias. 30/11/2023
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Now playing Next Economy EU Policy. EU court upholds anti-bailout banking rules for Spain's Banco Popular Judges ruled against investors who lost billions, in the first test of controversial banking laws 22/11/2023
Now playing Next Climate EU Policy. ECB berates proposed EU bank carveout from corporate due diligence law Plans to exclude finance from EU environmental due diligence legislation aren’t going down well with supervisors in Frankfurt 14/11/2023
Now playing Next Economy ECB threatens fines on banks failing to integrate climate risk The European Central Bank will impose financial penalties on banks that take too long to address climate change risks in their business, a senior official has said. 14/11/2023
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Now playing Next Business How a cyberattack crippled the world's largest bank for hours The US unit of Industrial & Commercial Bank of China had been hit by a cyberattack, forcing it to trade via a UBS stick. 10/11/2023
Now playing Next Business Fortune 500 Europe: Which company is the biggest on the continent? Energy companies are sitting on top of the newly published Fortune 500 Europe list. 09/11/2023
Now playing Next Markets France’s Credit Agricole sees 13% revenue growth in Q3 Credit Agricole has announced a 13% growth in revenues this quarter compared to last year, but it now has allegations of money laundering to contend with. 08/11/2023
Now playing Next Markets Commerzbank profits more than tripled in Q3 German lender Commerzbank saw its net profit after tax triple compared to last year thanks to its strategic roadmap. 08/11/2023