About: Banks
ECB admits negative effect of monetary stimulus on German and Spanish banks
Amid growing concerns about the profitability of eurozone banks, the ECB said that the monetary decisions adopted after the financial crisis had a neutral effect on the money houses of the single currency area, except for German and Spanish lenders.
Paris ahead of Frankfurt for Brexit City jobs
While banks in London have drastically scaled back their post-Brexit relocation estimates, they are now favouring France to Germany, according to a survey led by Reuters. EURACTIV’s partner La Tribune reports.
Consumers hail proposal to limit transaction costs in EU
The European Commission’s proposals to limit transfer costs to non-euro members and currency conversions abroad were welcomed by consumer and transparency activists, although NGOs complained that it would not benefit migrants’ remittances.
Banks should charge customers higher fees, says ECB
Banks should increase fees and commissions to customers to survive in the low interest rate environment, the ECB has argued in a new report.
Grim scenario for bank stress tests, says EU watchdog
The European Banking Authority has launched its third wave of stress tests conducted on 48 European banks. EURACTIV's partner La Tribune reports.
Thousands protest in Barcelona against Catalan independence
Hundreds of thousands of people took to the streets of Catalonia's capital Barcelona on Sunday (8 November) to express their opposition to declaring independence from Spain, showing how divided the region is on the issue.
Frankfurt and Dublin make bankers feel wanted in battle for Brexit jobs
"I'm here to send you the regards of the Federal Chancellor. I am entitled to tell you we want you in Germany." This private message from Angela Merkel, delivered by a regional politician to Wall Street bankers last year, is having the desired effect.
French senator: ‘All the ingredients of a new financial crash are in place’
Ten years after the sub-prime mortgage crisis threatened to destroy the global financial system, conditions in France are ripe for another financial crash, according to a recent senate report. EURACTIV’s partner La Tribune reports.
The bailout business: Who profits from bank rescues in the EU?
According to a new report by Amsterdam's Transnational Institute, bailing out banks is a lucrative business in the EU.
Goldman Sachs to slash London presence due to Brexit
US bank Goldman Sachs will move 1,000 staff from London to Frankfurt as part of a post-Brexit reorganisation that will reduce its City headcount by half, German business daily Handelsblatt reported today (19 January).
JPMorgan Chase planned to buy Italy’s troubled Monte Paschi
JPMorgan Chase wanted to buy troubled Italian rival BMPS but abandoned the plan over fears it would be vetoed by US regulators and opposed in Italy, people close to the deal told AFP on Wednesday (3 July).