FILE PHOTO – UBS CEO Sergio Ermotti during a panel discussion at the Swiss-American Chamber of Commerce in Zurich, Switzerland January 18, 2019. REUTERS/Arnd WIegmann ZURICH (Reuters) – UBS Group UBSG.S Chief executive Sergio Ermotti said on Wednesday that banking consolidation, particularly in Europe, is inevitable in the coming yearsRead More →
The isolationist policy is closing in on the payments industry, with European banks threatening to build a localized payments ecosystem to fend off major US card brands. The planned European network, called Pan European Payment System (or PEPSI), includes 20 European banks and has the tacit support of the EuropeanRead More →
BERLIN, Reuters administration of the European Central Bank. FILE PHOTO: Isabel Schnabel, a member of Germany’s economic expert advisory board, poses before a news conference in Berlin, Germany November 6, 2019. REUTERS/Fabrizio Bensch Isabel Schnabel, a prominent economist, is set to take Germany’s place on the board of the eurozoneRead More →