About: Banks

Economy & Jobs 15-10-2018

90% of major European banks already sanctioned for money laundering

According to a British report, 18 of the 20 leading European banks, including four French ones, have already been sanctioned for money-laundering offences over the past decade. EURACTIV France’s media partner La Tribune reports.
Economy & Jobs 04-10-2018

BNP Paribas: A rudderless juggernaut?

In a thorough and critical documentary, two filmmakers raise questions about the disproportionate power of BNP Paribas, one of Europe’s largest banks. The documentary is a case study calling into question the credibility of European banking regulation. EURACTIV France reports.
Banking union 10-04-2018

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.
Brexit 03-04-2018

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.
Economy & Jobs 28-03-2018

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.
Banking union 27-03-2018

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.
Banking union 02-02-2018

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.
Elections 09-10-2017

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.
Brexit 18-08-2017

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.
Economy & Jobs 02-03-2017

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.
Economy & Jobs 23-02-2017

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.
Brexit 19-01-2017

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).
Euro & Finance 04-08-2016

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).
Euro & Finance 21-06-2016

For citizens’ sake, play it safe with securitisation

The European Commission’s desire to boost securitisation is ringing alarm bells among academics and civil society groups. Christophe Nijdam explains why.
Brexit 08-06-2016

MasterCard international chief: ‘Brexit wouldn’t be a significant change for us’

Blockchain is expected to have a larger impact on our business than a potential Brexit, suggests MasterCard’s deputy boss, Ann Cairns. In her view, the technology behind virtual currencies like bitcoin is “a good thing for the future”, she told EURACTIV.com.
Euro & Finance 27-10-2015

Spanish banks may have to repay billions in ‘abusive’ fixed-rate mortgages

The European Commission welcomed the end of the bailout programme for Spanish banks, but now may be putting the country’s financial stability at risk, as it seeks further action against 'abusive' mortgage clauses, it was reported on Tuesday (27 October).
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Digital 01-10-2015

Digital Transformation in Financial Services – 2015 EBF Annual Conference

European Bankers and policymakers met at the 2015 European Banking Federation’s Annual Conference to discuss the opportunities and challenges in the digital transformation in financial services.
Euro & Finance 23-09-2015

Bank of Spain threatens to evict Catalonia from the eurozone

The governor of the Spanish central bank has weighed in on the question of Catalan independence, threatening the region with expulsion from the eurozone if it declares independence. La Tribune reports.
Closed bank, Greece.
Euro & Finance 10-08-2015

Regulators start Greek bank tests, aim for speedy capital boost

Greece's battered banks will undergo accelerated tests to uncover their capital shortfalls as authorities race to recapitalise the lenders by the end of the year and avoid penalising large depositors.
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Ten tips for a successful Capital Markets Union
Euro & Finance 22-07-2015

Ten tips for a successful Capital Markets Union

The European Union plan for a Capital Markets Union can help unlock the latent potential in financial markets. The banking industry is ready to support this proposal.
Euro & Finance 14-04-2015

Bankers want Juncker Plan cleared of state aid rules

European Union rules banning state aid to businesses should not apply to guarantees issued to boost investment under the three-year EU investment scheme, some of the key contributors to the plan said yesterday (13 April).
Euro & Finance 07-01-2015

EU lawmaker seeks to dilute bank trading reform

Draft European Union rules forcing banks to isolate their risky trading activities should be eased to take national measures into account and avoid harming markets, an EU document written by a senior lawmaker has proposed.
Euro & Finance 02-10-2014

Publishing banks’ taxes and turnover will help the economy, says PwC

EXCLUSIVE: Forcing banks in the EU to publish their turnover and taxes will help the economy, according to research for the European Commission that will strengthen the case for public disclosure of the information from next year.
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Economy & Jobs 01-10-2014

Banks as tax collectors? EBF-FBF Tax conference reviews FTT, CRS

The 2014 international tax conference of the European Banking Federation, held on Monday in Paris, has reviewed Sunday’s endorsement by G20 Finance Ministers of the Common Reporting Standard (CRS) that the Organisation for Economic Cooperation and Development (OECD) proposed as a model for a global Automatic Exchange of Information. http://www.ebf-fbe.eu/wp-content/uploads/2014/09/EBF_010514-EBF-Tax-Conference-reviews-progress-on-Common-Reporting-Standards.pdf The conference was an opportunity for the EBF to express its concerns about the CRS: its lack of proportionality, the crucial need for consistency across jurisdictions and for full EU-OECD alignment, the need for a proper examination of all legal and constitutional implications, notably in the field of data protection, and the need for the immediate creation of a review process. The CRS model will require financial institutions to automatically exchange detailed account information with tax authorities in their country. In addition the conference discussed the impact of a possible tax on financial transactions, known as FTT. This tax threatens to introduce regulatory and tax uncertainty in the 11 EU Member States that are currently considering it and risks damaging economic growth in Europe as whole.