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USA

Epstein victims settle sex trafficking suit against JPMorgan for €269m

US bank JPMorgan Chase reached an agreement in principle to settle a class action lawsuit brought by victims of deceased financier Jeffrey Epstein's sex trafficking scheme

Travel News

Cash, credit card or crypto: What’s the best way to pay on holiday?

Heading abroad? Here's how to choose the best payment option for your trip.

Money

JPMorgan to take over deposits of troubled First Republic Bank

After Silicon Valley Bank and Signature Bank, First Republic is the third midsize bank in the US to fail in just two months.

Switzerland

Euroviews. Social media bank runs broke Credit Suisse and SVB. It's about trust

With the possible recession that’s currently brewing, the most recent crises in the sector show that banks have to be more open-minded to less traditional forms of reputation strategy, Ran Blayer writes.

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Economy

After market turmoil, EU revamps rules for bailing out mid-size banks

The latest proposal from the European Commission comes on the heels of financial turmoil caused by the collapse of three US banks.

France

Five French banks raided in alleged tax fraud investigation

Several searches wer carried out in five French banks in Paris on suspicion of aggravated tax fraud.

Economy

Explained: Why the EU's banking union is still unfinished business

The banking union was first pitched in 2012, at the height of the eurozone crisis, but the project remains incomplete to this day.

Money

First Citizens Bank to buy collapsed Silicon Valley Bank

All of SVB's deposits and loans will be taken over by its rival First Citizens Bank, US regulators said late on Sunday.

Brussels, My Love?

Brussels, my love? Putin-Xi's bromance & the EU's banking environment

Tune in for the latest from Brussels.

Economy

EU leaders insist eurozone is 'resilient' as Deutsche Bank plunges

Financial markets have been rocked since the collapse of Silicon Valley Bank and the government-brokered takeover of Credit Suisse.

Economy

ECB ready to preserve 'as necessary' the eurozone's stability: Lagarde

Christine Lagarde's comments come in the midst of persistent turmoil across Europe's banking sector.

Switzerland

UBS to acquire troubled rival Credit Suisse in Swiss government deal

The Swiss central bank is extending a line of credit up to CHF 100 billion (€100 billion) to UBS and Credit Suisse.

My Europe Series

State of the Union: EU industry to become greener & more independent

In our weekly review, we analyse the impact of the collapse of the US Silicon Valley Bank in the EU and the new roadmap for a cleaner European industry.

Money

Silicon Valley Bank collapse: Is my money safe in Europe and the UK?

How you can keep their money safe when banks collapse like the Silicon Valley Bank in the US

Switzerland

Credit Suisse to borrow €51 billion from Swiss central bank

Credit Suisse said it would exercise an option to borrow up to €51 billion from Switzerland's central bank

Europe News

EU should 'stay alert' after Silicon Valley Bank collapse: McGuinness

"Higher inflation and rising interest rates present different challenges to financial stability," said European Commissioner Mairead McGuinness.

Money

How is Europe dealing with the Silicon Valley Bank collapse fallout?

The collapse of SVB, the biggest bank failure since 2008, has reverberated around the world. What is being done to limit the fallout?

Tech News

Silicon Valley Bank's collapse exposes tech start-ups' fault lines

The SVB's failure is the largest since the 2008 financial crisis. Tech startups and venture capitalists are worried it might cost the sector dearly.

Money

Silicon Valley Bank failed. Here's how and why it happened

Here's what to know about why SVB failed, who was affected most, and how it may or may not affect the wider banking system.

Money

Silicon Valley Bank collapse the largest since 2008 financial crisis

The US, and the technology sector which were among its biggest customers, face another Lehman Brothers moment with the failure of SVB.