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Business

Revolut hack: criminals steal data of 700 European clients, demand $3m ransom

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Azerbaijan

Azerbaijan's biggest bank enters Uzbek market with Davr Bank acquisition

Azerbaijan's largest financial institution, the International Bank of Azerbaijan, is expanding its corporate banking operations by acquiring a 51% controlling stake in Uzbekistan's Davr Bank in a deal valued at $150 million (€128.5m).

Business

Monte dei Paschi bids for BPM, Generali to forge €80bn Italian bank

Monte dei Paschi clears €34 billion twin bid for Banco BPM and Banca Generali to fend off Intesa Sanpaolo, creating a stronger, bigger €80 billion Italian bank.

Business

Monte dei Paschi board approves dual exchange offers for Banco Bpm and Banca Generali

CEO Luigi Lovaglio's plan aims to bolster MPS and fend off Intesa Sanpaolo's 30.5-billion-euro Opas. Approved with nine votes in favour and four abstentions.

Russia

Russians pull billions from banks fearing Kremlin will seize savings for war

Russia's central bank reported that billions of roubles have been withdrawn from banks each month, as Russians pull out cash amid fears of the Kremlin seizing their savings to fund the war in Ukraine amid a deteriorating economy.

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Business

Commerzbank, German resistance wanes: UniCredit nears deal, what could change

UniCredit eyes control of Commerzbank as Berlin opens the door on its 12.7% stake. What it means for Italy, Germany and European banks

Business

Revolut bags full French banking licence in European growth push

Revolut's French banking licence follows the bank receiving its UK banking licence back in March 2026.

Business

Elon Musk's X adds banking service in 'everything app' push

Elon Musk's social media app X on Monday began offering its X Money banking service to all US subscribers of its paid Premium and Premium+ tiers, part of the multi-billionaire's ambition to turn the site into an "everything app."

Partner content

How ABB Bank is integrating AI across banking operations in Central Asia and the Caucasus

Partner content presented by ABB Bank

As AI adoption accelerates across global finance, emerging-market banks such as ABB Bank are integrating artificial intelligence into operations, customer service and digital infrastructure at speed.

Europe News

Euroviews. Beyond the Shadow of 'Too Big to Fail': Moving Beyond Fragmentation

In an opinion piece for Euronews, Frédéric Oudéa, Chairman of Revolut Western Europe, says Europe should move beyond fragmented banking markets and create pan-European financial champions to finance innovation, defence and the green transition.

Economy

EU unveils banking reforms to unlock billions in investment

In a bid to reduce fragmentation in the EU banking sector and meet companies’ growing investment needs, the European Commission has unveiled proposals aimed at making banks more competitive and potentially unlocking billions of euros for investment, but obstacles remain.

Business

Can a new global defence bank unlock £100bn for rearmament?

Nine countries have thrown their weight behind a new multilateral bank designed to bankroll Western rearmament, but the notable caution of Europe's largest military and economic powers raises the question of whether it can become the answer to defence funding.

Business

ECB tells banks to prepare for AI-powered cyber threats

The European Central Bank has given the eurozone's largest lenders until the end of October to explain how they will strengthen their cyber defences against increasingly capable AI systems.

Focus

2026 IsDB Annual Meetings explore regional integration and prosperity

In partnership with Azpromo

At the 2026 Islamic Development Bank Annual Meetings in Baku, leaders and policymakers explored how regional integration, investment and cooperation can support sustainable economic growth in an uncertain global environment.

Business

From payments to lending: How digital finance is evolving

As digital payments become mainstream in Uzbekistan, banks are expanding into lending, insurance and investment products to meet rising consumer demand.

Business

EU plans banking reform by early 2027 to unlock billions in investment

The European Commission is preparing reforms for the first quarter of 2027 aimed at breaking down barriers between national banking markets, increasing financing for businesses and strategic sectors, and reducing the bloc’s dependence on foreign banks.

Business

Germany blocks UniCredit bid for Commerzbank but the share price soars

The federal government, which holds 12% of the shares, has rejected the Italian bank’s bid for the German lender, calling it aggressive and hostile. UniCredit soars on the stock market as the Frankfurt prosecutor investigates alleged market manipulation.