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Karolina Uskure and Konstantin Bogatyrev had their N26 accounts closed on April 14.Karolina Uskure and Konstantin Bogatyrev More than 100 customers of N26, one of Europe’s largest online banks, were unable to access their savings after their accounts were suddenly blocked without warning. Customers shared their distress online after N26Read More →

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European banks brace for Russian-backed cyber-retaliation – Risk.net Tougher Sanctions on Russia’s Biggest Banks Trigger Computer Security Alert; Hundreds of computers downed in Ukraine European banks are bracing for an escalation in state-sponsored cyberattacks as Russia’s invasion of Ukraine sparked a barrage of sanctions against the country’s biggest financial firms.Read More →

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The City of London’s financial district is seen as people walk on the Millennium Bridge in London, Britain February 16, 2022. REUTERS/Henry Nicholls/File Photo Join now for FREE unlimited access to Reuters.com Register Britain, EU and US announce sanctions against Russian banks HSBC fears ‘wider contagion’ The most exposed Austrian,Read More →

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(Repeats to additional subscribers) By Tom Sims, Lawrence White and John O’Donnell FRANKFURT, Feb 9 (Reuters) – Amid fears of a Russian invasion of Ukraine, Italy’s UniCredit has backed out of a possible acquisition in Russia and Austria’s Raiffeisen Bank International has set aside risk provisions in view of possibleRead More →

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Band Tom Sims, Lawrence White and John O’Donnell FRANKFURT, February 9 (Reuters) – Amid fears of a Russian invasion of Ukraine, Italy’s UniCredit has backed away from a possible acquisition in Russia and Austria’s Raiffeisen Bank International has set aside risk provisions for possible sanctions against Russia. What banks inRead More →

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LONDON, Feb 14 (Reuters) – European banks are providing billions of dollars in financing to expand oil and gas production, a report showed on Monday, despite International Energy Agency recommendations against new facilities to slow down global warming. In 2021, twenty-five of the region’s top banks collectively provided $55 billionRead More →

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A Ukrainian Armed Forces tank is seen during military exercises at a training ground in Dnipropetrovsk region, Ukraine, February 8, 2022. Ukrainian Armed Forces General Staff/via REUTERS Join now for FREE unlimited access to Reuters.com Register FRANKFURT, Feb 9 (Reuters) – Amid fears of a Russian invasion of Ukraine, Italy’sRead More →

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Stock prices have already rebounded. Banco Santander SA, one of the worst stocks of major European banks, has risen by a fifth in the past 12 months. Societe Generale SA more than doubled. The Euro Stoxx Banks index rose by 50%. The story continues under the ad But there areRead More →

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Flooding in Altenahr, Germany on July 15, 2021. Martin Seifert via Wikipedia As parts of Europe are still recovering from last summer’s devastating floods, the European Central Bank (ECB) is assessing how commercial lenders would react if flood-prone property were to suddenly lose nearly half of its value. . LastRead More →

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With the financial services industry – and retail banking in particular – facing tough economic times following the COVID-19 pandemic and resulting change in customer behavior, the budget cycle is never over. critical to support a difficult year ahead. Asking five simple questions about contracts with third-party vendors could makeRead More →

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The ESG Insider newsletter compiles news and insights on environmental, social and governance developments leading to changes in business and investment decisions. Subscribe to our ESG Insider newsletter and listen to the “ESG Insider” podcast on SoundCloud, Spotify and Apple podcasts. How much would you pay for a bumblebee? ThisRead More →

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European banks could take the edge over their US counterparts with a proposed “green asset ratio” to enlighten investors on increasingly important environmental issues, according to market participants. The European Banking Authority has recommended that banks adopt a host asset ratio, or GAR, to show how their business activities areRead More →

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Through Bharat Bhushan, CTO, Banks and Financial Markets (EMEA), IBM Today, cloud computing is not only essential to the future success of the European financial sector. It is also at the heart of the continent’s COVID-19 economic stimulus plan. However, due to concerns over regional independence and operational resilience, theRead More →

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By Steve Hussey, Jørgen Kjærsgaard For shareholders of European banks, 2020 was a year to forget. But bank bondholders have enjoyed positive returns and could weather the challenges of COVID-19 again in 2021, supported by strong balance sheets and supportive regulatory conditions. The impact of the coronavirus has increased theRead More →

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The facade of the European Commission headquarters is reflected in the windows of the EU Council building in Brussels, Belgium, April 5, 2019. REUTERS/Francois Lenoir Join now for FREE unlimited access to Reuters.com Register LONDON/BRUSSELS, Dec 14 (Reuters) – European banks are not integrating climate change and other sustainability concernsRead More →

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The headquarters of Deutsche Bank are pictured in Frankfurt, Germany on March 19, 2018. LONDON (Reuters Breakingviews) – Overzealous parents sometimes inadvertently hold children back. Likewise, Deutsche Bank, UBS and others risk suffocating their AMUs in too tight an embrace. European fund managers are puny compared to US giant BlackRock,Read More →

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More than a decade after the financial crisis, European banks are facing a major test of their resilience. This week, growing fears about the coronavirus pandemic and an oil price war caused the market to sell off. Businesses have spent a decade gorging themselves on cheap debt in an environmentRead More →

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From ringing cancellation to remote working schemes, stock exchanges and banks across Europe are taking a variety of measures to ensure business continues during the novel coronavirus crisis. The outbreak, which the World Health Organization has called a pandemic, has prompted banks to start testing work-from-home and remote programs forRead More →

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According to EURACTIV, an official document titled Component of a global industrial strategy has been published, which describes the main areas of interest for the development of EU industries. In the leaked report, and regarding 6G, reference is made to a “strategic European partnership” which will involve research and innovationRead More →

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For European lenders, one success after another. Banks in Germany, Italy and the Netherlands warned on Wednesday that making money and improving their operations were becoming more difficult as already low interest rates were expected to fall. A low interest rate environment that lasted longer than expected has already weighedRead More →

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European banks have reduced their exposure to Britain since it voted to leave the EU, removing 350 billion euros of UK-related assets from their balance sheets in just 12 months. The 17% reduction in UK-linked assets shows that banks across the bloc are hedging against the threat of potential lossesRead More →

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European regulators should follow the lead of their US counterparts in focusing on streamlining services, rather than offering a one-size-fits-all approach Author: Camillo Venesio, Vice President of the Italian Banking Association September 28, 2017 With the eurozone finally back on the path to recovery across the bloc, EU policymakers shouldRead More →

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One of Europe’s most experienced bankers said the beleaguered sector was ‘not really investment-friendly’, in remarks that underline the difficulties the continent’s big banks could face if they had to raise new funds . Tidjane Thiam, chief executive of Credit Suisse, issued a warning of the problems facing the sectorRead More →

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European banks are tentatively reconnecting with Iran as the Middle East’s second-largest economy slowly emerges from a sanctions regime that has kept it in the financial wilderness for years. Belgium’s KBC and Germany’s DZ Bank both confirmed when contacted by the Financial Times that they had started processing transactions onRead More →

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An ECG. Flickr/Helge V. Keitel European banks are once again facing fears of collapse. Although the current risks require careful consideration, a thorough examination suggests that relatively sound lenders can be found in the market today. The start of the year was difficult for European banks. The STOXX Europe 600Read More →

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Credit Suisse raises 6 billion Swiss francs in fresh capital while reducing the amount it allocates to securities trading; Deutsche Bank splits its investment banking division in two and wants to reduce it; Planned Barclays chief executive Jes Staley is expected to cut its investment bank outside the UK andRead More →

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LONDON: Europe’s biggest banks further cut staff by 3.5% last year and the prospect of a return to pre-crisis employment levels seems remote, despite the region’s nascent economic recovery. Spurred into action by falling revenues, mounting losses and the need to convince regulators they are no longer ‘too big toRead More →

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FRANKFURT — European banks have grown nervous about each other’s creditworthiness, evoking memories of the mistrust that prevailed during the dark days of 2008. The European institutions are better equipped in the event of a crisis than they were in 2008, according to analysts. But some still doubt that thisRead More →

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Standard banking practice was for these banks to post as collateral their home market government bonds, which were once considered liquid, risk-free investments – much like US Treasury bonds. If, as was the case with Ireland and Greece, lenders stop accepting these bonds or start demanding more bonds to reflectRead More →