The Cypriot government on Thursday said the country’s economy may shrink by 13 percent this year, far more than than the 8.7 percent initially
After a financial crisis that many blame on the highly paid high-flyers of the banking world, politicians are responding to public anger by cracking
Eurogroup chief Jeroen Dijsselbloem is under fire from fellow EU officials over comments he made about the Cyprus bailout deal.
The Dutch Finance
The deal Cyprus has agreed with the European Union and the International Monetary Fund to secure a 10 billion euro bailout loan includes major
Secrecy is a way of life at the Vatican, not least at the Vatican Bank.
For decades the Istituto per le Opere di Religione or Institute for Works
In this edition of Europe’s Weekly: we take a look at the UK’s lonely fight to stop an EU-backed cap on bankers bonuses; Lativa applies to join the
Bankia’s shareholders have received a nasty new year’s surprise. They may lose most of their investments or even all of them says the Spanish bank
BNP Paribas, France’s biggest bank, has agreed to sell its Egyptian arm to Emirates NBD. The price is 377 million euros.
Emirates NBD wants to
Despite the lack of an official statement, it is considered almost certain that UBS will settle an ongoing investigation for manipulation of
The deal reached in Brussels by European Union finance ministers on Thursday to create a single supervisor for the eurozone’s banks is the latest
Not yet, Qatar Holding, the Emirate’s sovereign wealth fund, has decided to cash in 379 million unit warrants (debt convertible to stocks) in
The European Commission has agreed to make the separation of ING’s banking and insurance activities a little easier.
The Dutch group has been given
BNP Paribas remained resilient to the downward trend on European markets, as it was boosted by better-than expected quarterly results. The share
Lloyds Banking Group’s better-than-expected quarterly results were received with enthusiasm on Thursday in London and its shares surged 8.28
UBS has bucked the trend downwards on the European markets, bolstered by rumours it is about to massively restructure.
Shares in Switzerland’s
Credit Suisse’s third quarter results were disappointing, but the second-biggest Swiss bank managed to limit the damage during the trading day on
Question: Astrid from Stockholm: “I am a Swedish citizen and will soon move to another EU country for work reasons. I have heard that some banks in
As promised last summer by its new CEO, Barclays is beefing-up its retail banking business.
Britain’s second bank agreed to buy ING Direct UK, the
Banco Santander raised $4 billion when it listed shares of its Mexican subsidiary in New York and Mexico on Wednesday.
The Spanish bank will use
Barclays is planning to speed up its expansion in Africa by merging with its South-African subsidiary Absa.
Together, the two banks have 14 million
Commerzbank’s share fell as it said its profit in the second half of 2012 will be lower than in the first six month.
Germany’s second largest bank
Political troubles hammered Standard Chartered’s shares in London.
The sell-off came after it was accused of banking transactions with Iran that
With ISPI – the Institute for International Political Studies
In this edition of U-talk our question is from Alex, from Lyon:
Crédit Agricole’s share price surged on word that the French bank is starting to pull out of Greece.
Three Greek lenders are said to have shown
The Barclays interbank rate manipulation case has sent fresh shockwaves through the European banking industry and could cost lenders dear.