About: banking
Dirty money risks encroach on Estonia’s digital utopia
Estonia’s push to become a digital society has left it vulnerable to dirty money and sanction breaches, the country’s top banking regulator has warned.Brexit financial services deal will be difficult
The industry has accepted that so-called “passporting” rights will not be possible after Britain leaves the EU. The concept of “equivalence” has been mooted as a solution but even agreeing to that will be difficult, writes Mark Boleat.Frankfurt, Paris ‘to get most Goldman Brexit jobs’
Frankfurt and Paris are expected to gain the most jobs from Goldman Sachs as it transfers staff out of London due to Brexit, a person familiar with the matter said Tuesday.Goldman CEO has high hopes for London HQ post-Brexit, despite uncertainty
Goldman Sachs chief executive Lloyd Blankfein expects to fill the firm's new European headquarters which is currently under construction in London, but said Britain's exit from the European Union left much outside the bank's control.Paris attracts biggest US insurer after Brexit
America's largest general insurance provider announced it will move operations to France after the UK leaves the EU. EURACTIV’s partner La Tribune reports.Bank of England says Brexit transition desirable as banks set out contingency plans
The Bank of England said a transition period after the Britain leaves the European Union would give banks more time to make orderly changes as Brexit poses risks to financial stability.‘Finance friendly’ France scores late points in Brexit bank contest
A government push to make France more "finance-friendly" is raising Paris' chances of attracting Brexit-fleeing banks from London although it is raising its game at a late stage in the process, a group of senior financial industry executives said.JP Morgan boss: ‘Breakup of the EU and eurozone would be devastating’
In his annual letter to shareholders, the chairman of America’s biggest bank expressed his concern about the consequences of Brexit, as well as the financial deregulation promised by Donald Trump’s administration. EURACTIV’s partner La Tribune reports.EU takes on US in tit-for-tat bank row
The EU will require big foreign banks operating in Europe to set aside billions in reserve funds in a tit-for-tat move against the United States that could also affect post-Brexit Britain, according to a draft proposal seen by AFP.Trump, Wall Street and the banks: Massive deregulation ahead
Donald Trump’s promise to cut red tape in the financial sector is one of the few areas the president-elect has been consistent. Despite his anti-Wall Street rhetoric, the billionnaire is close to America's financial hub. EURACTIV's partner La Tribune reports.72% of UK bankers think London will keep ‘financial centre status’ post-Brexit
Almost three-quarters of British bankers believe London will still be the financial centre of Europe in five years' time, despite risks surrounding Brexit, according to a study published Wednesday (2 November).The cities fighting for London’s bankers after Brexit
France's Hauts-de-Seine department, west of Paris, has launched a poster campaign at London's St Pancras railway station and Heathrow airport, in an effort to seduce the City's bankers across the Channel. EURACTIV's partner La Tribune reports.Eurogroup chief says Deutsche Bank ‘must solve own problems’
Eurogroup chief Jeroen Dijsselbloem on Friday (30 September) warned under-fire Deutsche Bank it would have to "solve its own problems", saying Germany's largest lender must survive without state aid.EU readies contingency plan for possible Monte Paschi wind down
European Union authorities are making contingency plans for the possible winding down of Banca Monte dei Paschi if the Italian lender has a poor reading in stress tests this week and no private or public support is available, an EU official said.France refuses to unpick banking union to appease Cameron
Despite a marathon day of negotiations in Paris, David Cameron and François Hollande were unable to agree on the EU’s future economic governance. EURACTIV France reports.Lisbon allegedly blows €1 billion in bad liquidation deal
The Portuguese government could have saved up to a billion euros in a deal that saw one of its major banks liquidated, if it had taken care of senior bondholders, as proposed by Brussels.Katainen: Bulgaria needs external assessment of banks to spur investment
Bulgaria requires an external assessment of its banking system and stable financial markets, to attract much-needed investment to spur economic growth, European Commission Vice-President Jyrki Katainen said on Thursday.EU may scrap plan to separate bank trading activities
The European Union may ditch plans to force banks to keep high-risk trading activities separate from their main businesses because of opposition from some member states.Barnier warning over bankers’ ‘stealth bonuses’
Banks' use of so-called allowances to soften a European Union cap on bonuses could face a "coordinated policy response", the EU's financial services chief Michel Barnier has warned, prompting bankers to argue politicians should steer clear of pay. VideoPromoted content