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Goldman Sachs' top lawyer to resign over close Epstein ties

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Economy

From colonial trade to Nazi gold: Why Portugal holds vast reserves

Even in the digital age, Portugal still relies on gold as a financial backstop, holding over 300 tonnes stored between Carregado and London.

Poland

550 tonnes: Poland has more gold than the European Central Bank

The National Bank of Poland has increased its bullion reserves to around 550 tonnes, valued at more than €63 billion.

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Qatar’s banking advantage: Expanding pathways for global capital

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As the World Economic Forum takes stage once again in Davos, Euronews will moderate a discussion co-hosted by Qatar National Bank (QNB), Commercial Bank Qatar (CBQ), Qatar Islamic Bank (QIB) and Doha Bank.

Business

Citi edges closer to Russia exit, bracing for over €1bn hit

Citi has secured internal approvals to sell its remaining business in Russia to Renaissance Capital, moving closer to an exit from the market after years of delays.

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Business

PayPal moves to establish US bank, expanding deposits and loans

PayPal has applied to establish a Utah-chartered bank, a move that would allow the firm to hold deposits and increase lending capacity to small businesses.

Markets

European banks' best year on record: What's the outlook for 2026?

European bank stocks posted their strongest year on record in 2025, fuelled by resilient growth, high margins, and capital returns. Looking to 2026, the focus is now shifting to earnings growth, efficiency gains, and sustained shareholder payouts.

Business

Italy’s banking clash: MPS, Mediobanca, and their billionaire backers

Although the EU is pushing for greater banking consolidation in Europe, the reality in Italy is proving complicated.

Economy

European Commission challenges Italy over 'golden power' on mergers

The European Commission has opened infringement proceedings against Italy for its use of the so-called 'golden power' rule, a new chapter in the story of the failed takeover of Banco BPM by UniCredit.

Business

Why is the US taking so many loans from China's state banks?

China’s state lenders have funnelled billions into US businesses for a quarter of a century, but many of the loans have been kept secret.

The Big Question

Wall Street trumps again: Why Europe still lacks financial firepower

“Member states would feel much more comfortable about ceding power to supranational European regulators if they thought they were pro-growth,” said former commissioner Lord Jonathan Hill.

Business

Russia clears Citigroup exit as Moscow keeps pressure on foreign firms

A presidential order allowing Citigroup to sell its Russian unit to Renaissance Capital underscores Moscow’s control over foreign asset sales as Western lenders continue their slow retreat.

Business

Italian government faces a high-stakes bank merger clash with Brussels

On Wednesday, Italy will face tough questions from the Eurogroup on its decision to block UniCredit's acquisition of Banco BPM in an attempt to stop infringement procedures.

Business

UniCredit challenges Italian government veto of Banco BPM takeover

The Milanese bank lodged an appeal with Italy's top legal authority after a Lazio court validated the government's partial veto on the acquisition of Banco BPM.

Business

SoftBank ditches Nvidia in favour of deeper dive into AI

SoftBank has exited Nvidia for about €5.4bn and, after reporting a €14bn quarterly profit, said it will redirect capital into AI investments.

Business

German co-op banks close AfD accounts, party slams ‘political’ act

Two German banks have closed the accounts of regional AfD branches, the latest in a string of companies to distance themselves from the far-right party.

Business

Germany fines JPMorgan €45 million for anti-money-laundering failings

Germany’s financial watchdog BaFin has imposed a record fine on JPMorgan for systemic failings in its anti-money-laundering controls.