English

More about this topic

EU Decoded

EU DECODED: Will the Digital Euro strengthen financial security?

In this episode we talk about a new payment method that is being studied by the European Central Bank: the digital euro. Do we need another alternative for online payments and could this project have negative impacts on the banking system?

Business

Deutsche Bank to axe more than 100 bankers in attempt to slash costs

Deutsche Bank is reported to be planning to remove more than 100 posts among its senior private wealth and retail bankers in a continuing programme aimed at driving down costs at the German bank.

Markets

Trump trade: What investors need to consider in the long term

Following the euphoria on the stock markets that greeted the victory of President-elect Donald Trump, analysts have been looking at what could do well for investors in the long-term.

Europe News

Play ball on anti-crisis banking laws, EU finance pick tells Trump

In a three-hour hearing held on Wednesday, Maria Luís Albuquerque rejected calls to slash insurance laws to boost the economy, while brushing off conflict-of-interest fears from her own private sector career.

ADVERTISEMENT

Business

BNP Paribas records boost in net income on strong corporate banking

French banking giant BNP Paribas has announced its third quarter 2024 earnings, posting a higher net income as its corporate and institutional banking department continues to experience robust performance.

Business

Great white hope of EU capital market plans a bust, think tank says

Reviving securitisation, the controversial banking mechanism linked to the 2008 financial crisis, will put taxpayers at risk without boosting lending, Finance Watch said.

Business

Robust retail business gives boost to Banco Santander

Banco Santander's revenue increases, as the bank’s retail, wealth, consumer and payments branches all record strong growth.

Business

HSBC stock rises nearly 4% as it reveals billion-euro share buyback

HSBC reported strong third-quarter earnings, driven by robust performance in wealth and personal banking, as well as investment banking, alongside the announcement of an additional $3bn (€2.8bn) share buyback plan.

World

How Algeria is transitioning to digital payments

In partnership with anep

In this episode of Algeria Tomorrow, we explore how Algeria is gradually transitioning from cash to digital payments.

Business

Italian bank plans huge job cuts as it looks to AI and digitalisation

Intesa Sanpaolo is to cut thousands of jobs and focus on a more resilient business model including more use of artificial intelligence and digitalisation.

Business

HSBC shake-up sees bank operations split between East and West

As part of the re-organisation, HSBC also announced the first-ever female finance chief in the bank's 159-year history. Pam Kau, currently the chief risk and compliance officer, has worked for the bank for more than a decade.

Business

AIB bucks the online trend with plans to invest in branch upgrades

AIB, one of the largest Irish banks, is planning a multi-million euro refit of its branches as it seeks to reiterate its commitment to maintaining its strong branch network in Ireland.

Business

Swiss regulator orders UBS to strengthen emergency protocol

The bank must step up its risk management given the takeover of Credit Suisse, according to the regulator FINMA.

Economy

German firms struggle to secure loans as economic uncertainty persists

Hesitancy from German banks is at its highest level in seven years, according to the IFO.

Italy

Italian banker accused of hacking 3,500 accounts, including Meloni's

A former Intesa Sanpaolo employee has illegally and repeatedly accessed the accounts of the Italian premier, numerous politicians and law enforcement officers, authorities said Thursday.

Business

France mulls business tax hikes: What does it mean for investors?

The new levy, if accepted by parliament, could cost more than one-fourth of the expected growth in earnings for the biggest companies traded on the French stock exchange, according to a report.

Business

Wero set to become Europe's first unified payment solution

Wero is set to become Europe's first sovereign payment solution as a key rival to Visa and Mastercard. Its rapid expansion and access to the Single Market positions it as a strong alternative to the US-based networks.

Business

Commerzbank in larger payout pledge ahead of UniCredit talks

The German lender is lifting profit targets and shareholder rewards as Italy's UniCredit contemplates a merger.

Business

Commerzbank takeover: Germany questions UniCredit's 'hostile' strategy

UniCredit's bid to raise its stake in Commerzbank to 29.9% faces German resistance. The European Commission sees potential benefits in consolidation, while analysts predict significant financial synergies.

Business

Takeover target Commerzbank gets new CEO as UniCredit circles

Bettina Orlopp is to replace Manfred Knof 'in the near future'. The news comes days after Italian bank UniCredit revealed it had increased its stake in Commerzbank from around 9% to 21%, subject to regulatory approval.