Real Economy

Is Europe in the mood to invest in itself?

This edition of Real Economy, from the European Investment Bank in Luxembourg, looks at the kind of investments Europe needs.

31 January 2017

Business Series

RBS prepares to pay for 'painful' sub-prime legacy

Royal Bank of Scotland sets aside 3.1 billion pounds (3.6 billion euros) to settle claims by the US Department of Justice over mis-sold investments.

26 January 2017

Economy

Hack attacks prompt possible cyber stress tests for banks

The European Union is reportedly considering testing the defences of the region's banks against cyber attacks to help step up their security.

23 January 2017

Business Series

HSBC to move 1,000 staff from London to Paris after Brexit

HSBC, Europe's biggest bank, plans to shift around 1,000 workers, who generate around 20 percent of its trading revenue to Paris, post-Brexit.

18 January 2017

USA

Deutsche Bank reach multi-billion dollar settlement with DoJ

Deutsche Bank, one of the biggest banks in the world, have reached an agreement with the US Justice Department over its sale of toxic mortgages in the run up to the 2008…

23 December 2016

Italy

Italy approves bailout fund for failing banks, including Monti dei Paschi

The Italian government has approved a €20 billion bailout fund, as Monti dei Paschi fail to raise desperately needed funds from private investors.

23 December 2016

Business Line

It's not easy running a central bank in these strange political times

Business Line reviews some of 2016's main economic changes and the responses of the Federal Reserve, the European Central Bank and Bank of England.

21 December 2016

Economy

Spanish banks lose mortgage interest rate case

The European Court of Justice has ruled that two million Spanish mortgage holders are entitled to bank refunds because they paid too much interest.

21 December 2016

Economy

Italy moves ahead with 20 billion euro bank rescue plan

Italy's parliament has approved a 20 billion euro plan to prop up the country's weaker banks, starting with a bailout for Monte dei Paschi di Siena.

21 December 2016

Business Series

Monte dei Paschi share offer is last ditch attempt to avoid bailout

Shares in Monte dei Paschi suffered further steep falls on Monday as it tried to raise five billion euros by year-end to avoid a state bailout.

19 December 2016

Business Series

UniCredit moves to overcome Italian banking woes with 13 bln euro share sale

Italy's largest bank, UniCredit, is to raise 13 billion euros in a share issue to shore up its balance sheet. It will also cut 14,000 jobs.

13 December 2016

Real Economy

Getting Europe's banks healthy and lending

Will the new banking regulations make our banks safer and be less of a burden to the taxpayer?

13 December 2016

Economy

European Central Bank's #AskECB session brings out the Twitter jokers

The European Central Bank's attempt to be more user friendly via #AskECB on Twitter brought serious questions, but a few pranksters as well.

12 December 2016

Economy

ECB shrugs off doubts over euro zone outlook

The European Central Bank is confident Italy knows what to do.

8 December 2016

World News

ECB in the spotlight as investors expect more stimulus boosts

The European Central Bank is expected to extend its generous bond buying scheme and keep its principal interest rate, for refinancing operations, unchanged at zero percent as efforts continue to boost

8 December 2016

Economy

EU penalises banks for fixing Euribor interest rates

JPMorgan Chase, Credit Agricole and HSBC have been fined a total of 485 million euros for their alleged role in a cartel to fix the price of Euribor interest…

7 December 2016

Business Series

Italy readies state bailout for Monte dei Paschi - sources

The world’s oldest operating bank Monte dei Paschi needs to raise five billion euros by the end of this month.

6 December 2016

United Kingdom

Bank note controversy in UK

The Bank of England’s new plastic five pound note has fallen foul of vegans and members of the UK’s Sikh and Hindu communities.

1 December 2016

Economy

Italian banks face sluggish response on cash calls as capital crisis looms

Investor confidence in Italian banks ability to raise money to cover bad debt takes a tumble as fears over government's future weigh on market.

29 November 2016

Economy

Draghi defends bank regulation, says eurozone recovery not yet strong

ECB President Mario Draghi has spoken out against any relaxing of the rules on how banks operate and hinted at more stimulus for the eurozone.

18 November 2016