About: banking

Digital 01-02-2019

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 15-11-2017

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.
Brexit 31-10-2017

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.
12-09-2017

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.
Economy & Jobs 09-08-2017

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.
Economy & Jobs 10-07-2017

‘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.
Economy & Jobs 06-04-2017

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.
Global Europe 23-11-2016

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.
Euro & Finance 15-11-2016

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.
Brexit 02-11-2016

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).
21-10-2016

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.
Euro & Finance 30-09-2016

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.
Euro & Finance 27-07-2016

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.
Euro & Finance 16-02-2016

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.
Euro & Finance 18-01-2016

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. 
Central Europe 16-04-2015

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.
Euro & Finance 05-12-2014

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.
Brexit 08-09-2014

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.
Euro & Finance 07-01-2014

Brussels shies away from forcing banking sector split

In a draft proposal, the European Commission appears on course to step back from earlier plans that would rigorously force large banks to hive off their lending business from their risker trading operations.

Parliament calls for freezing anti-terror banking data transfers with the US

The European Parliament called on Wednesday for US access to a global financial database in Belgium, name Swift, to be suspended due to concerns that the United States is snooping on the European Union, not just combating terrorism.
Euro & Finance 23-07-2013

EU watchdog urges banks to maintain capital levels

Banks in the European Union must maintain capital levels they were told to reach a year ago or say how they will top up their buffers, the bloc's banking watchdog said on Monday (22 July).
Euro & Finance 24-04-2012

Swedish minister urges action to avert Spanish bailout

Europe must deal urgently with Spain's banking problems, which hang like a dark cloud threatening global economic recovery, Sweden's Finance Minister Anders Borg said yesterday (24 April).
Health 19-07-2011

Consumer groups slam EU ‘basic bank account’ plan

The European Commission yesterday (18 July) urged EU governments to make available to all consumers a basic payment account to ensure that all sections of the population can fully participate in society. But consumer groups accused the Commission of backing down on past promises to table legislation on the matter. 
Euro & Finance 20-06-2011

European banking plan to rival London’s Libor

A European banking group will this week test a new price benchmark to set the cost of interbank and corporate lending, challenging the London Interbank Offered Rate (Libor) pricing scheme and paving the way for a stronger role for continental European banks in money markets.

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