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Business

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.

Business

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.

Markets

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.

Markets

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.

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Markets

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.

Business

Goldman Sachs profits surge ahead to beat forecasts

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

Business

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.

Business

Societe Generale to sell equipment financing business for €1.1bn

The French lender said the sale was part of a strategy to simplify its business under chief executive Slawomir Krupa.

Europe News

Judges retarget bank-rescue fund, ruling 2022 subscription unlawful

The EU’s €78bn Single Resolution Fund is meant to avoid a repeat of 2008-style taxpayer banking bailouts, but faced a string of legal problems.

Economy

Euroviews. A more bankless society is on the horizon — and it's a good thing

Web3 digital technology is set to transform how societies interact with money and payments, effectively unbundling banking and payments. This shift can make society less dependent on banks, Jón Egilsson writes.

Business

Wirecard shareholders suing audit giant EY over asset-stripping claims

Wirecard shareholders are accusing EY Germany, part of one of the world's biggest audit firms, of taking steps to protect its lucrative non-audit business from being used for legal payouts.

Economy

EU banks under attack over funds to ecosystem wreckers

Banks including Santander, BNP Paribas and Deutsche Bank are among the financial institutions accused of funding companies destroying ecosystems.

Business

Nationwide apologises to customers as tech glitch delays payments

Nationwide is one of the latest to see IT glitches, following the likes of Sainsbury’s, McDonald’s, Greggs and Tesco, amongst others.

Business

European Central Bank penalises Crédit Mutuel with €3.5 million fine

The bank used a method which lead to it underestimating its exposure on loan portfolios.

Business

Where do European banks stand in the ranking for strongest brands?

The world’s most valuable brand owner is Chinese ICBC bank and it is worth more than Slovenia's GDP. Meanwhile, Europeans are behind and Russia's lenders continue to plummet.

Economy

Germany's commercial real estate plunge could be a threat for banks

Germany's commercial real estate crisis could mean trouble for the country's banks due to their high exposure to the sector.

Europe News

Euro finance ministers call for relaunch of bank securitisation

The complex lending instruments that caused the 2008 crisis top a wishlist of financial reforms.

Business

Nationwide in plan to cash in with Virgin Money purchase

If the deal does go ahead, it will be the UK's biggest bank takeover since the 2008 financial crisis, which began with the collapse of Northern Rock.

Business

Swiss bank chief Thomas Jordan resigns after more than a decade

The longest-serving major central bank governor will step down after a 12-year stint with the SNB.

Business

What are shadow banks and why are they failing in China?

European investment in China is under threat as the country's shadow banks face crisis.

27 February 2024