Banking

Business

Klarna IPO is back: Fintech firm to go public in New York

The Swedish financial technology company announced on Tuesday the launch of its initial public offering, months after the firm paused its planned listing.

02/09/2025

Economy

Fed independence ‘hangs by a thread’ as Trump moves to oust Lisa Cook

Efforts to oust Federal Reserve board member Lisa Cook and install allies could erode the bank’s autonomy, with consequences for inflation, market confidence and everyday borrowing.

01/09/2025

Business

Here's what to do if your money has been burned in the Spanish fires

Thousands of people in Spain have lost their homes and belongings to the wildfires that have ravaged much of the Iberian Peninsula. PM Pedro Sánchez has declared the burnt areas to be catastrophic. The Bank of Spain has drawn up a protocol on how to recover burnt money.

27/08/2025

Business

Mediobanca shareholders reject bid to acquire Banca Generali

The rejection could threaten Mediobanca’s independence as the Milanese lender seeks to fend off a takeover by Italian competitor MPS.

21/08/2025

Europe News

ING bank probed for role in Didier Reynders money laundering case

The former EU Justice Commissioner came under investigation in December 2024.

20/08/2025

Economy

What is de-banking? How EU, US & UK banks screen their risky customers

What began as technical risk management is now a political battlefield as governments wrestle with how far banks can go in choosing, or refusing, their customers.

17/08/2025

Business

EU urges China to drop sanctions on two Lithuanian banks

The EU has demanded Beijing revoke "unjustified" sanctions on two Lithuanian banks in a dispute also rooted in long-standing tensions over Taiwan.

14/08/2025

Business

Greece bans ATM withdrawal fees for banks across the country

The Greek Ministry of Finance has implemented new rules across the country banning withdrawal fees for bank ATMs.

11/08/2025

Markets

Crypto giant Binance gets BBVA backing to fix reputation, report says

After a history of questionable trading practices, mega crypto exchange Binance is teaming up with Spain’s BBVA to let traders park their assets with the bank — a major shift for the digital asset world.

08/08/2025

Business

Banco Sabadell shareholders approve sale of TSB to Santander

Banco Sabadell on Wednesday unanimously approved the sale of its British subsidiary TSB to Banco Santander for around €3bn. The transaction seeks to shield the group's independence from the hostile takeover bid launched by BBVA.

06/08/2025

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.

30/07/2025

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.

23/07/2025

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

23/07/2025

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.

21/07/2025

Business

Banco BPM takeover battle deepens as Brussels slaps Italy with warning

Rome’s use of the ‘Gold Power’ rule to impose conditions on the merger is controversial because the two companies are both Italian and there is no apparent threat to national security.

14/07/2025

Business

Spain's Santander buys TSB Bank to boost presence in the UK

The Spanish lender is about to become the third-largest bank in the UK by share of personal current accounts, after the deal is closed.

02/07/2025

China

Qatar reaffirms commitment to AIIB and will host 2026 meeting

Qatar will host the 11th edition of the annual meeting of the Asian Infrastructure Investment Bank (AIIB) in September 2026, ushering a new chapter of the Bank’s efforts to position itself as a global force for development and economic growth.

26/06/2025

Economy

Why is the Asian Infrastructure Investment Bank significant?

The Asian Infrastructure Investment Bank (AIIB) is holding its 10th Annual Meeting of Board of Governors from June 24 to 26 in Beijing.

26/06/2025

Business

Italy’s Monte dei Paschi bank gets ECB nod for Mediobanca takeover

Mediobanca has shown its opposition to the takeover bid, launched in January, warning it would weaken its business model.

25/06/2025

Business

AIIB elects former anti-corruption official as new president

Zou Jiayi has been elected as the next president of the Asian Infrastructure Investment Bank (AIIB) by the group’s board of governors.

24/06/2025