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ZURICH/FRANKFURT, March 8 (Reuters) – Women remain rare in the upper echelons of European banks. The 25 largest banks by assets have seen 22 CEO and chairman changes in the past two years, including announcements of upcoming appointments, according to a Reuters study of industry leadership positions . Twenty-one ofRead 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 →
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 →
The European Central Bank is warning banks against releasing loan loss provisions early and wants to ensure that the assumptions underlying existing provisions prove to be correct before further releases. Banks added provisions – funds set aside to cover future non-performing loans – at the start of the COVID-19 pandemicRead More →
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Atkins has appointed Jo Jarman as Chief Financial Officer for its UK and European businesses. Jarman, who has over 20 years’ experience in the construction and professional services industry, joins Atkins from Skanska where she held several senior roles, including Chief Financial Officer for its UK operations. Prior to Skanska,Read More →
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 →