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Economy

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.

Economy

Bank of England pauses interest hikes, as several European countries climb

Following a surprise decrease in inflation in August, the Bank of England has announced its decision to pause interest rates, in contrast to many of the UK’s neighbours.

Green News

These banks have poured trillions of euros into fossil fuel expansion

Funding for polluting industries far outstrips support for climate change mitigation, a new report shows.

Money

JPMorgan to take over deposits of troubled First Republic Bank

After Silicon Valley Bank and Signature Bank, First Republic is the third midsize bank in the US to fail in just two months.

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Green News

Revealed: The ‘secret relationship’ between banks and oil companies

Big banks are 'gambling' with our climate, a new report shows, acted out by Game of Thrones stars. Where are the ethical banks?

Economy

Explained: Why the EU's banking union is still unfinished business

The banking union was first pitched in 2012, at the height of the eurozone crisis, but the project remains incomplete to this day.

Money

First Citizens Bank to buy collapsed Silicon Valley Bank

All of SVB's deposits and loans will be taken over by its rival First Citizens Bank, US regulators said late on Sunday.

Climate

Rocking chair rebellion: Why older Americans are set to blockade banks

Orchestrated by Third Act, the first mass climate action from older US citizens will target ‘the big four’ US banks.

Green News

Eurozone’s largest bank sued over fossil fuel lending

Three environmental groups are suing the eurozone’s largest bank over its loans to oil and gas companies.

Iran

Iran and Russia link banks to evade Western sanctions

Iran and Russia have strengthened ties following Russia's invasion, including on military cooperation.

Money

Four apps to help you keep track of your spending

In low spirits because of high prices? Here are some tips to track your expenses and stick to your budget.

Denmark

Danske Bank fined €470m over international money laundering scandal

The Danish bank had already admitted to defrauding US-based banks in a multi-billion-dollar scheme to gain access to the US financial system.

Green News

Which global bank is cutting financing for new oil and gas fields?

Campaigners say the decision sets a "minimum level of ambition for all banks committed to net-zero."

Europe Decoded

Why do central banks raise interest rates to curb inflation?

Banks hope that if borrowing money becomes more expensive, consumer demand will fall, bringing down prices along the way.

Money

EU pushes for banks to offer instant payments at no extra cost

Brussels says the move will make the European economy more efficient and bring savings for businesses and customers alike.

My Europe Series

How Spain's older generation are becoming the new high achievers

Spain has the sixth highest life expectancy in the world, after Hong Kong, Japan, Macau, Switzerland and Singapore, according to figures from the World Population Review published this year.

Denmark

Lithuanian woman jailed for laundering €4 billion through Danske Bank

The 29.5 billion kroner laundered through the bank's Estonian branch is the largest amount in such a case, prosecutors say.

Money

Russia is considering allowing crypto for international payments

As Western sanctions begin to bite, Russia is considering allowing crypto for international payments.

Germany

German offices of Morgan Stanley searched in tax fraud investigation

Prosecutors said the raids were in connection with the "cum-ex" tax evasion scandal.

World News

How is Europe preparing for cyberattacks?

Contingency plans are being drawn up and scenarios tested to see how Europe could withstand any cyberattacks amid the Russian invasion of Ukraine.

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