Polls will show if Norway will continue to be a social welfare state or not?
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Swiss banking giant UBS beats forecasts with leap in profits
High profit and progress on the integrations of collapsed competitor Credit Suisse were the key takeaways of the bank’s quarterly report.
Italy's Banca Progetto accused of lending to mafia
A court found that companies linked to the ‘ndrangheta mafia were able to access state-backed loans.
AIIB: Multilateral development banks unite to fight climate change
Battling climate change needs both public and private financing, leveraged through multilateral development banks like AIIB, says its president, Jin Liqun. The Asian Infrastructure Investment Bank is working with World Bank, EBRD and other financial institutions to step up projects across the globe.
European Central Bank approves BBVA’s offer for Banco Sabadell
Although the European Central Bank (ECB) has approved this offer, BBVA still needs other regulatory approvals for the acquisition to be completed.
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Leaked report shows half of EIB staff fear whistleblowing reprisals
Staff at the Luxembourg-based EIB are hesitant to report incidents of bullying, harassment or fraud - FT.
Australia’s largest bank pulls funding for fossil fuel companies
CBA has explained that they will stop financing fossil fuel companies that don’t comply with climate goals set out by the Paris Agreement.
Mixed results for Europe's banks and their first half-year earnings
Deutsche Bank's profits were seen as moderate in the first half of 2024 but other major banks including BNP Paribas and Santander posted better-than-expected results.
Europe's rival to Visa and Mastercard soon to roll out in Belgium
US payment giants Visa, Mastercard, PayPal, Apple and Google Pay are getting a new rival in Europe: it's called Wero and it's already available to some consumers in Germany and by the end of July in Belgium - how does it work and what are its features?
Dutch authorities fine Santander over 'irresponsible' lending
This is the second such fine given to the Spanish bank by the Dutch watchdog, which accuses Santander of not gaining enough financial information about some customers, thereby leaving debtors vulnerable.
Taylor Swift: British fans scammed more than a million euros
Hundreds of UK fans of Taylor Swift, Coldplay and Beyoncé have been scammed by fake adverts and Facebook posts, further denting people’s trust in the concert industry.
How much did Europe's best-paid bank boss earn last year?
The highest amount went to Swiss bank UBS' CEO Sergio Ermotti, who has overseen the government-brokered rescue of Credit Suisse.
Where do European banks stand in the ranking for strongest brands?
The world’s most valuable brand owner is Chinese ICBC bank and it is worth more than Slovenia's GDP. Meanwhile, Europeans are behind and Russia's lenders continue to plummet.
Barclays stock rises as bank unveils cost-cutting and buyback plans
Barclays stock gained nearly 5% on Tuesday morning as the bank unveiled to investors its cost-cutting and buyback plans.
Iran used UK bank accounts to evade Western sanctions: FT
Two of the UK's biggest banks, Santander UK and Lloyds, provided accounts to British companies with links to Iran's intelligence services.
Davos 2024: Ukraine's Zelenskyy set to meet JP Morgan boss
Ukraine is seeking new ways to finance its rebuilding plans as vital aid from the West slows down. President Volodymyr Zelenskyy reportedly has plans to meet JP Morgan's CEO at the World Economic Forum.
BNP Paribas caught up in Cyprus-related money laundering investigation
An ongoing investigation targets a Cypriot brokerage firm, in collaboration with one of BNP Paribas' branches, over alleged 'aggravated money laundering.'
Rabobank gets whopping fine for cartel participation
The European Commission has slapped the Netherlands' Rabobank with a fine worth tens of millions of euros for its decade-long involvement in a cartel with Deutsche Bank concerning the trading of certain euro-denominated bonds.
UBS shares up by 4% despite $785 million loss following Credit Suisse
UBS shares were up by 4% as the Swiss banking giant cut costs faster than expected while moving forward with its merger with rival Credit Suisse.
Who is Ted Pick, Morgan Stanley's new CEO?
After 33 years with the Wall Street giant, Pick will take over as CEO at the start of next year.
UBS faces legal heat over Russian client sanctions evasion
UBS shares experienced a significant dip as the US Department of Justice launched an intensified investigation into alleged compliance failures that aided Russian clients in evading sanctions.