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Bank

Business

Big US banks beat earnings forecasts, but JPMorgan falls short

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Turkey

This man became one of world's richest people without realising it

With a balance of around $21.8 billion in his account, Takalo ranks among the world's super rich, but he has been unable to access his money for nearly a month.

Europe News

German police announce end to hostage-taking crisis at bank in Sinzig

Police said a situation which saw armed robbers taking several people hostage at a German bank in the town of Sinzig earlier on Friday has ended, adding that none of the victims were hurt in the incident.

Economy

ADB unveils €65bn plan for energy and digital connectivity

At its annual meeting in Samarkand, the Bank outlined a programme focused on cross-border energy and digital infrastructure.

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.

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Economy

Global banks tighten security in Gulf hubs after new Iran threat

Precautionary moves by global lenders highlight growing concern that regional tensions could disrupt banking operations in the Gulf, as Iran is signalling that it may diversify its attacks.

Markets

Vatican Bank launches 'Catholic-based' stock indices

The Vatican Bank has officially launched two equity indices, one in the US and another in the eurozone, which are comprised of stocks that reputedly abide by Catholic principles.

No Comment

Video shows deer crashes through bank window, triggering alarm

A deer crashes through a bank window and sets off the burglary alarm in New York.

Economy

AIIB marks tenth anniversary with development funding milestone

The Asian Infrastructure Investment Bank’s ‘Decade of Impact’ celebrates ten years of infrastructure development, interconnectivity, and job creation, as it looks towards the next decade of digital transformation.

Germany

Thieves drill into German bank vault and steal millions of euros

A fire alarm summoned police officers and firefighters to the bank branch shortly before 4 am on Monday.

The Big Question

Revolut Western Europe CEO: “Not specifically in a hurry” for licences

Béatrice Cossa-Dumurgier said that while additional European licences would support Revolut’s business operations, the focus is on meeting customer needs through innovation.

Business

MPS relaunches bid for Mediobanca takeover

Monte dei Paschi raises its offer for the acquisition of Mediobanca, adding €0.9 in cash per share and lowered the threshold for the validity of the takeover bid to 35%. The offer is now worth a total of €13.5 billion. Piazza Affari reacts with falls for both stocks.

Markets

UK bank shares tumble as sector fears new tax

British banks Barclays, Lloyds and NatWest saw their share price fall following news that the UK government could implement new taxes on the sector to fill a sizeable gap in the budget.

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.

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.

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