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 →

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 →

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 →

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 →

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 →

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 →

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 →

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 →

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 →