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Business

Greece bans ATM withdrawal fees for banks across the country

The Greek Ministry of Finance has implemented new rules across the country banning withdrawal fees for bank ATMs.

Markets

Crypto giant Binance gets BBVA backing to fix reputation, report says

After a history of questionable trading practices, mega crypto exchange Binance is teaming up with Spain’s BBVA to let traders park their assets with the bank — a major shift for the digital asset world.

Business

Banco Sabadell shareholders approve sale of TSB to Santander

Banco Sabadell on Wednesday unanimously approved the sale of its British subsidiary TSB to Banco Santander for around €3bn. The transaction seeks to shield the group's independence from the hostile takeover bid launched by BBVA.

Business

Sweden’s Klarna receives licence from UK’s Financial Conduct Authority

The move will allow the fintech firm to launch a debit card and offer its UK-based customers Klarna accounts where they can save funds.

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Markets

UniCredit delivers record earnings, raises 2025 outlook

UniCredit delivers record-breaking second-quarter results, boosting confidence with stronger full-year outlook and new share buy-back. CEO Orcel calls it the best first half in the bank’s history.

Economy

UniCredit withdraws bid for Banco BPM due to uncertainty

The group's board of directors announced that it had decided to abandon the takeover due to the Italian government's use of golden power, which had prolonged the negotiations too much, preventing UniCredit from talking to BPM's shareholders

Business

Revolut announces 400 new jobs as neobank establishes Paris HQ

Following the appointment of a Western Europe CEO, neobank Revolut has announced a recruitment drive as its new Paris HQ takes shape.

Business

Banco BPM takeover battle deepens as Brussels slaps Italy with warning

Rome’s use of the ‘Gold Power’ rule to impose conditions on the merger is controversial because the two companies are both Italian and there is no apparent threat to national security.

Business

Spain's Santander buys TSB Bank to boost presence in the UK

The Spanish lender is about to become the third-largest bank in the UK by share of personal current accounts, after the deal is closed.

China

Qatar reaffirms commitment to AIIB and will host 2026 meeting

Qatar will host the 11th edition of the annual meeting of the Asian Infrastructure Investment Bank (AIIB) in September 2026, ushering a new chapter of the Bank’s efforts to position itself as a global force for development and economic growth.

Economy

Why is the Asian Infrastructure Investment Bank significant?

The Asian Infrastructure Investment Bank (AIIB) is holding its 10th Annual Meeting of Board of Governors from June 24 to 26 in Beijing.

Business

Italy’s Monte dei Paschi bank gets ECB nod for Mediobanca takeover

Mediobanca has shown its opposition to the takeover bid, launched in January, warning it would weaken its business model.

Business

AIIB elects former anti-corruption official as new president

Zou Jiayi has been elected as the next president of the Asian Infrastructure Investment Bank (AIIB) by the group’s board of governors.

Business

French lender BPCE to buy Portugal's Novo Banco in major merger deal

Novo Banco spun out of the collapsed Banco Espirito Santo (BES) in 2014 after a state bailout. US investor Lone Star, which bought its stake in Novo Banco in 2017, is now offloading it.

The Europe Conversation

European Commissioner Maria L Albuquerque advocates for investing in savings with risk

In an interview with Euronews, Maria Luís Albuquerque, the European Commissioner for Financial Services and the Union of Savings and Investments, argued that consumers should invest in medium- and long-term financial products and advocates for the advantages of mergers in European banking.

Germany

Key figure in Germany's largest tax fraud case avoids jail time

Former lawyer Kai-Uwe Steck, who played a role in the loss of more than €428m to the German tax authorities, received a suspended jail sentence of one year and 10 months.

The Exchange

The shift towards digital-only banking and cloud operations for a tech-driven future

In partnership with Media City

Industry digital banking leaders discuss the transformative impact of digital wallets and fintech on banking, highlighting innovation, consumer needs, and emerging trends shaping the future of finance.

Business

UniCredit lifts outlook as it beats expectations with record profit

Italy’s second biggest lender posted its highest net profit ever for the first three months of 2025, the period that the bank called the ‘best quarter in history’ in its earnings report.

Business

Commerzbank reports profit surge as it fends off UniCredit bid

The German lender reported its ‘best quarterly result since the first quarter of 2011’ as it attempts to fend off Unicredit’s takeover efforts.

Business

UBS to pay hundreds of millions to settle Credit Suisse US tax probe

UBS agreed to pay hundreds of millions of dollars to settle the US tax probe into Credit Suisse after a two-year investigation. UBS said that it was "not involved in the underlying conduct and has zero tolerance for tax evasion".