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Germany blocks UniCredit bid for Commerzbank but the share price soars

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Russia

New Russian law allows bank employees to take down Ukrainian drones

Russia moves to arm bank staff with electronic warfare gear against Ukrainian drones, in a sign its military defences are struggling amid its all-out war against Ukraine, now in its fifth year.

Europe News

Euroviews. Mobilising private capital to scale digital infrastructure in Asia

In an opinion piece for Euronews, Hun Kim, Chief Partnerships Officer of the Asian Infrastructure Investment Bank, said multilateral development banks should work together to catalyse private investment and expand digital infrastructure access across Asia.

Business

Spain's Bizum heads to the high street to take on Visa and Mastercard

Spain's homegrown payment app is making its biggest move yet, bringing account-to-account payments to the physical till and raising the stakes for US card giants.

Business

Commerzbank axes 3,000 jobs as it battles UniCredit takeover bid

Commerzbank wants to cut a further 3,000 jobs and at the same time significantly increase its profit targets. The reorganisation is the bank's response to the takeover ambitions of the major Italian bank UniCredit.

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Business

Greece moves to protect borrowers with consumer loans up to €100,000

The regulation will mainly concern unsecured consumer loans, as well as credit card debt.

Business

HSBC profits dip while UniCredit's rise in latest earnings reports

HSBC reported a slight contraction in profits while Italy's UniCredit surpassed market expectations as banking institutions navigate a complex landscape defined by geopolitical tensions.

Business

European bank profits rise amid markets rattled by Iran war

Three of Europe’s biggest banks delivered record or above-forecast profits on Wednesday. TotalEnergies posted strong earnings, while Mercedes-Benz turned more cautious as collapsing China sales and geopolitical uncertainty weighed on the outlook.

Business

How the Iran war boosted profits at BP and Barclays

Barclays' profits rose, but loan losses weighed on its first-quarter results. At the same time, oil giant BP’s earnings jumped, largely driven by an exceptional oil trading boom linked to the Iran war.

Business

Exclusive: Revolut set to open first physical store in Barcelona

Revolut is making its debut in brick-and-mortar retail with the opening of its first physical store in Barcelona.

Business

Germany has world's second biggest gold reserve. Time to cash it in?

To ease the burden on consumers, DIW head Marcel Fratzscher proposes selling part of Germany's gold reserves — currently worth around €440 billion.

Partner content

Social investment is the key to economic stability in Europe. Here’s why

Partner content presented by CEB

Turning off the news these days can feel like a necessary pause from the chaos we live in: A war in Europe and another on its doorstep, a political shift towards defence spending, as well as nationalism and protectionism, and the global order being torn apart.

Business

European earnings preview: Who wins and who loses from the Iran war?

Eurozone growth has been cut, inflation is surging and the Middle East conflict has shattered the consensus growth story for European corporates. From Paris to Munich, earnings season begins next week.

Business

US bank Goldman Sachs placed under police surveillance in Paris

Police are on high alert days after a foiled attack on a Bank of America branch led to four people, including three minors, placed under formal investigation.

Business

EBRD investments reach €5.9bn in emerging Central Asian markets

The European Bank for Reconstruction and Development (EBRD) is expanding its investment programme in Uzbekistan, with total commitments approaching €5.9bn across more than 200 projects.

Business

Revolut posts record revenue and profits amid rapid customer growth

Revolut posted record results in 2025, with revenue and profit soaring as the company seeks a global banking status.

Italy

Would-be bank robber trapped in Milan vault for nine hours

A 24-year-old man was arrested in Milan after spending nine hours trapped in a UniCredit vault during a failed robbery attempt. No one was hurt.