Russian President Vladimir Putin waves to those gathered to attend the concert marking the eighth anniversary of the referendum on Crimea and Sevastopol’s statehood and its reunification with Russia, in Moscow, Russia, Friday, March 18, 2022. ( Ramil Sitdikov/Sputnik Pool Photo via AP) European banks trying to decide if andRead More →
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Credit Suisse and Deutsche Bank detail their exposure to Russia Financial firms strive to distance themselves from Russia BNP Paribas excludes Russian staff from systems LONDON, March 10 (Reuters) – Goldman Sachs Group Inc (GS.N) on Thursday became the first U.S. bank to pull out of Russia after its invasionRead More →
Band Lawrence White and Brenna Hughes Neghaiwi LONDON, March 10 (Reuters) – Swiss credit CSGN.S said it had gross exposure to Russia of 1.6 billion Swiss francs ($1.73 billion) at the end of 2021, the latest European bank to reveal the scale of potential losses as sanctions Western powers excludedRead More →
(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 →
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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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 →
By Jesús Aguado and Tom Sims MADRID / FRANKFURT (Reuters) – At Spain’s Caixabank, most customers who visit a branch for a service they could access online will now have to pay two euros for the privilege. The fees are part of a shift by European banks, suffering from yearsRead More →
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Caixabank’s Bankia deal could cost some customers dearly Fees on some debit cards, cash withdrawals from branches on the rise Costs are also increasing in Germany and Italy Caixabank’s new policy follows IT integration after November 12 MADRID / FRANKFURT Nov 15 (Reuters) – At Spain’s Caixabank (CABK.MC), most customersRead More →
European banks are under pressure to review their operations in the aftermath of the Covid-19 crisis, or risk losing up to 160 billion euros in revenue. That’s according to a report by consultants Oliver Wyman, which says that while European banks have weathered the pandemic better than expected, they needRead More →
Bank bosses bragged at the start of the coronavirus pandemic that, unlike the financial crisis, their institutions would help save rather than overthrow the global economy. But for many of their shareholders, 2020 was the year that European lenders came close to being unable to invest. Despite a recent modestRead More →
People wearing face masks walk in front of a large euro sign in Frankfurt Main, western Germany, as the headquarters of the European Central Bank (ECB) can be seen behind -plan on April 24, 2020. Yann Schreiber | Getty Images Question marks persist for major European banks as they enterRead More →
LONDON / MILAN / MADRID (Reuters) – European banks are expected to set aside billions for potential loan losses as well as taking profits from the coronavirus crisis when they start reporting results in the next two weeks. FILE PHOTO: The Deutsche Bank logo is pictured on a company’s officeRead More →
Everything is changing at the top of the big European banks. HSBC and ING are looking for new chief executives. Barclays are set to join the hunt as the UK lender seeks candidates to replace Jes Staley. UBS, Credit Suisse and Royal Bank of Scotland have all recently appointed newRead More →
Banks have long had an advantage when it comes to customer data. From checking accounts to credit cards, established lenders have access to vast amounts of information that financial technology (fintech) competitors could only dream of. In Europe, all that could be about to change. This Saturday, banks operating inRead More →
November 30, 2017 THE permanent revolution is rumbling. Ten years after the financial crisis, European bankers must wonder if the regulatory upheaval will ever end (read the article). Next month, two European Union directives start to bite. MiFID2 will make trading more transparent and require banks to charge customers separatelyRead More →