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Business

Deutsche Bank posts robust results boosted by asset management

Higher growth in major divisions such as private banking and investment banking also contributed significantly to Deutsche Bank’s strong performance in the first quarter.

Business

Mediobanca launches bid for Banca Generali as M&A flurry intensifies

The offer comes as Mediobanca itself is fighting off a hostile takeover bid from smaller rival MPS.

Business

Financial giants JPMorgan Chase and Morgan Stanley see earnings jump

The robust earnings updates come as President Donald Trump’s tariffs have sent jitters through global markets this week.

EU Decoded

Will citizens channel their savings to boost EU businesses?

The European Commission's proposal for a Savings and Investment Union wants citizens to also help EU companies grow. This episode discusses what it would take to make investing savings in financial products a win-win situation for everyone involved.

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Business

France’s Crédit Agricole gains ECB nod to raise stake in Banco BPM

The green light comes as Italian bank UniCredit prepares to launch a buyout offer for Banco BPM, which could be complicated by CA’s stake.

Europe News

Burying money has cost Portugal millions of euros in the last decade

Citizens hide money in case of emergency situations. In 2024, authorities recovered a record €1.7 million in banknotes that were not fit for circulation.

Business

Profits in focus: Reports from Generali, Deutsche Bank and Deliveroo

Strong results from Italy’s Generali Group and British Deliveroo, as well as the declining profit of Hugo Boss, were shaping the European market landscape on Thursday.

Business

Spanish bank BBVA will start offering bitcoin and ether trading

Spanish financial giant Banco Bilbao Vizcaya Argentaria is preparing to offer crypto trading to customers on its platform in Spain.

Business

Citigroup credits client’s account with $81tn in ’fat finger’ mistake

Bank staff meant to send only $280. No funds left the bank, as the error was detected before the transaction was processed the following day.

Business

Record year for UniCredit bank sees top banker's pay rise by a third

The increase in salary for UniCredit SpA's chief executive officer, Andrea Orcel, further enhances his status as one of Europe's best paid bankers.

Business

Revolut CEO says hybrid work will remain despite return-to-office push

CEO Nikolay Storonsky told staff that Revolut would continue to prioritise flexible working, despite the planned opening of its new London office.

Business

HSBC announces €1.9bn share buyback as annual profits jumps

HSBC reported a profit in 2024 as strong performances in wealth and personal banking and global banking and markets offset a decline in its net interest income.

Business

UniCredit threatens to drop Banco BPM bid if Anima offer cost rises

UniCredit offered to buy the second largest Italian bank Banco BPM for €10bn in late November last year. The acquisition was a counter offer by UniCredit after BPM's bid to buy Anima for €1bn - to boost its asset management fee income amid falling interest rates.

Business

Commerzbank to cut jobs and boost profits in bid to fend off UniCredit

The German bank is seeking to bolster its financial strength as Italy’s UniCredit vies for a takeover.

Green News

Why are big American banks abandoning a global climate alliance?

Major US and Canadian banks have abandoned an industry-led climate alliance aimed at aligning net zero targets with global goals.

Business

Sabadell Bank raises shareholder payout promise as BBVA eyes takeover

The Spanish lender aims to offer shareholders €3.3 billion, including more than €1bn in buybacks this year.

Europe News

Open markets and global finance system will endure, says AIIB

Earlier this week, Trump slapped tariffs on Canada and Mexico, only to put them on hold a day later, after the governments in both countries promised action to improve controls at their respective border with the U.S.

Business

Santander announces buyback plan while CA also sees earnings rise

Spain's Santander has reported a record profit of €12.57bn and revealed plans for more share buybacks. France's Crédit Agricole, meanwhile, has recorded a rise in net income.

Business

Commerzbank announces share buyback and record earnings

The update comes as the bank is fending off a takeover from Italy’s UniCredit.

Business

Deutsche Bank shares plunge as it drops 2025 cost target

Deutsche Bank posted lacklustre earnings in the last quarter of 2024, as higher litigation costs significantly eroded profit margins.