Banking | Euronews

English Newsletters Events Podcasts Videos Africanews Search

Economy

Call for 150 billion euros bailout fund for European banks

Deutsche Bank's chief economist David Folkerts-Landau wants the European Union to set up a 150 billion euro rescue fund to recapitalise European banks and address "one crisis after another".

World News

Goldman Sachs hires former EU chief Barroso

Goldman Sachs (GS.

Economy

Italian banking crisis looms

A mountain of bad debts and a lack of capital reserves are fueling an Italian banking crisis, which has been thrown into sharp focus by Britain's vote to leave the European Union.

Economy

France moves to lure London bankers post-Brexit

France has stepped up its efforts to grab some of the London banking business that could be displaced by Britain's decision to leave the European Union.

ADVERTISEMENT

Economy

Bank of Japan holds back on further economic stimulus

The Bank of Japan held back from offering any further economic stimulus, despite weak inflation and poor global growth.

Economy

Russia cuts cost of borrowing as inflation falls

Russia's central bank has cut its main interest rate by 0.5 percent to 10.5 percent, signaling confidence by its policymakers that inflation risks are declining.

Germany

Secretive Bilderburg Meetings open in Dresden

It has been dubbed the world’s most high-powered but secretive annual meeting where bankers mingle with politicians.

Economy

Standard and Poor's interest rate warning

Standard and Poor's has warned that as borrowing costs go up some countries could see their credit ratings cut or outlooks lowered, with the most pronounced problem in the eurozone.

Business Series

French rogue trader Kerviel wins wrongful dismissal case

French bank Societe Generale has been ordered to pay rogue trader Jerome Kerviel compensation for wrongfully firing him even though he cost them almost five billion euros.

Business Series

Santander's Madrid HQ raided in tax evasion probe

Police have raided Spanish bank Santander's headquarters in Madrid as part of an investigation into possible tax evasion.

Business Series

Banco Popular latest capital increase causes share sell-off

Banco Popular's share price continued to fall on Friday after it announced a second 2.5 billion euro sale of new shares in less than four years.

Business Series

Russia's VTB bank returns to profit, but only just

VTB, Russia's second-largest bank, made a net profit in the first quarter of just 600 million roubles (8.1 million euros) while saying it sees "stabilisation" in the Russian economy.

Economy

Kerry tries to reassure nervous European banks on trade with Iran

US Secretary of State John Kerry has said European banks have nothing to fear from resuming business with Iran now that some sanctions have been lifted.

Business Series

Banca Monte dei Paschi di Siena benefits from Q1 profit

Shares in Italy's Banca Monte dei Paschi di Siena got a little bit of a boost on Friday from its better-than-expected first-quarter profit of 93 million euros.

Business Series

Credit Suisse bosses face anger from shareholders

The shareholders of Credit Suisse have given the bank's bosses a rough ride at its annual investor meeting in Zurich.

Economy

Bank of Japan says no more stimulus for now, markets and yen react badly

The Bank of Japan has surprised the financial world by deciding at its latest policy meeting that there will be no new monetary stimulus while it waits to see the effects of previous easing.

Economy

ECB pledges low borrowing costs 'as long as needed' but no helicopter money

European Central Bank President Mario Draghi has vowed to use all the tools at his disposal for "as long as needed" to return the eurozone economy to growth.

Economy

ECB leaves rates unchanged despite German criticism

The European Central Bank has kept borrowing costs at record low levels despite German criticism of the stimulus moves.

Economy

Italy sets up safety net for financially fragile banks

Italy’s strongest financial institutions have agreed to set up a $5.7bn banking fund in order to provide a safety net to shore up the more

Economy

'Panama Papers': UK banks told to declare dealings with Mossack Fonseca

UK banks and financial institution are being asked to check whether they’ve done business with the company named in the 'Panama Papers' scandal.