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Banking

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Revolut bank gets UK go-ahead: A licence to print money?

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EU Commissioner berates member states for bank crisis retreat

Member states took a step backwards when gutting EU laws designed to manage failing lenders, Mairead McGuinness said.

25/06/2024

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Revolut in talks to sell close to €500 million of existing shares

The UK fintech firm, already one of Europe's most-valuable startups, is seeking to shore up shareholder liquidity without yet launching an IPO.

21/06/2024

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UK retailer Sainsbury’s to offload banking business to NatWest

The second biggest supermarket chain in the UK is selling its banking arm to focus on its core food business.

20/06/2024

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EU set to partly delay key banking reform, as US drags feet

Brussels will likely be under pressure to boost competitiveness as its politics takes a rightward turn.

12/06/2024

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Deutsche Bank shuts down Numis US operations post takeover

Deutsche Bank has cut Numis' valuation by about €233 million following the takeover in April 2023, which is believed to be one of the biggest reasons for Numis' US branch shutdown.

28/05/2024

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ABN Amro buys German bank Hauck Aufhäuser Lampe

Dutch lender ABN Amro announced on Tuesday that it would buy the private German bank Hauck Aufhäuser Lampe (HAL) from the Chinese conglomerate Fosun.

28/05/2024

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Commerzbank notes highest numbers in more than a decade

Although the current higher interest rate environment is favourable for Commerzbank, things could change if the European Central Bank decides to cut rates this summer.

15/05/2024

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Banks are propping up fossil fuels to the tune of €6.5 trillion

Barclays, Santander and Deutsche Bank were among Europe’s biggest fossil fuel financers in 2023.

13/05/2024

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Euroviews. Banking on fossil fuels: A one-way ticket to global economic meltdown

With the future of our planet at stake, banks need to be ambitious and move beyond policies that only offer mere lip service instead of solutions that meet the sheer scale of the challenge. Failure to do so would be unconscionable, Zahra Hdidou writes.

10/05/2024

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How Europe's most vulnerable are hindered from opening bank accounts

A report by Finance Watch shows that despite EU legislation, vulnerable consumers in the bloc don't have easy access to a basic bank account. In the midst of a cost-of-living crisis, the non-profit organisation believes a review of the rules is more necessary than ever to make them work for all.

10/05/2024

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UK banks under fire for debanking hundreds of defence firms

The wrongful closure of hundreds of bank accounts belonging to defence companies puts national security at risk, claim Conservative MPs.

09/05/2024

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Crédit Agricole announces earnings jump while rival’s profits plummet

France’s second largest bank surpasses profit expectations while competitor Société Générale sees earnings dip.

03/05/2024

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BBVA-Sabadell potential merger: A sign of things to come?

BBVA's merger proposal to Banco Sabadell could transform the eurozone banking sector, potentially boosting BBVA's assets to more than $1 trillion and making it the third-largest eurozone bank according to market value.

01/05/2024

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HSBC chief executive announces unexpected retirement

Noel Quinn is to step down after a tumultuous five years at the helm of the UK-based bank.

30/04/2024

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Over 90% of wealthiest bankers are men, EU figures show

The number of banking millionaires is on the rise, according to the European Banking Authority – but women don’t seem to be benefiting.

29/04/2024

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Deutsche Bank makes highest quarterly profit in 11 years

Germany’s largest lender announces €1.45 billion net income for the first three months of the year.

25/04/2024

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Back in profit: Barclays share price jumps nearly 5% on latest results

Shares in Barclays jumped on Thursday as the UK lender swung back to profit after reporting losses in the final three months of last year amid its efforts to restructure the bank's operations.

25/04/2024

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Euroviews. Banking lobby's influence risks undermining digital euro's potential

Lawmakers as representatives of the people should resist the anticompetitive proposals of the banking sector and embrace a vision of the digital euro that serves the collective interests of Europeans, Dr Martijn van der Linden and Vicky Van Eyck write.

23/04/2024

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Goldman Sachs profits surge ahead to beat forecasts

The Wall Street giant's investment banking and trading business drove the results past analysts' estimates.

15/04/2024

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JPMorgan opens earnings season with profit rise and risk warning

JPMorgan reports a 6% rise in 1Q profits as bank earnings season begins. Wells Fargo profit falls.

12/04/2024