Banking
Banking
Forcing Foreign Banks to Become EU Branches ‘a Last Resort’, Says Official
Banking
Italy’s Fitd Fund Approves Sale of Carige Stake to Bper – Source
Banking
Credit Suisse Gets More Cash in Greensill Funds
Banking
Europe’s Banks Fund Oil and Gas Expansion Despite Iea Warning -Report
Europe’s Banks Fear Payment System Could Be Casualty of Russia-Ukraine Crisis
Date: February 15, 2022
By Tom Sims, Lawrence White and John O’Donnell FRANKFURT (Reuters) -Amid fears of a Russian invasion of Ukraine, Italy’s UniCredit has backed out of a potential acquisition in Russia and Austria’s Raiffeisen Bank International has set aside risk provisions for possible sanctions on Russia. What the region’s banks now fear most is that Russia gets banned from a...
France’s Credit Agricole Beats Profit Target a Year Early
Date: February 11, 2022
LONDON (Reuters) -Credit Agricole SA beat its 2022 profit target a year early as lower costs for troubled loans and rising revenues across business lines boosted fourth-quarter results beyond consensus, France’s second-biggest listed bank said on Thursday. The lender said it would present a new strategic plan for 2025 on June 22 after underlying net...
ECB Tells Banks to Step up Defences Against Hacks
Date: February 11, 2022
FRANKFURT (Reuters) – The European Central Bank is telling euro zone banks zone to step up their defences against cyber attacks, also in the context of geopolitical tensions such as the stand-off between Russia and Ukraine, the ECB’s top supervisor said on Thursday. Andrea Enria was presenting the results of the ECB’s annual review of banks, which he...
Euro Zone Banks Face Rising Cyber Threats Amid Geopolitical Tensions: ECB
Date: February 11, 2022
FRANKFURT (Reuters) – Euro zone banks face an increased risk of cyber attacks, particularly in relation to rising geopolitical tensions, European Central Bank supervisor Andrea Enria said on Thursday. “We are asking (banks) to strengthen their cyber regime measures and look at a potential increase in attacks and the danger of these attacks going forward,” Enria told a...
French Bank SocGen Confident for 2022 After Profit Rebound
Date: February 11, 2022
By Matthieu Protard PARIS (Reuters) -Societe Generale struck a confident note for 2022 on Thursday after the French bank‘s profit hit 1.79 billion euros ($2.05 billion) in the fourth quarter on lower pandemic-related charges and a retail banking and equity trading rebound. France’s third-largest listed bank after BNP Paribas and Credit Agricole also said it expected to improve profitability...
Challenger Banks vs Traditional Banks: Who Will Win the Race?
Date: February 9, 2022
By Mike Rhodes, CEO of ConsultMyApp The pandemic has seen unprecedented disruption for many businesses, however, unlike many sectors, the fintech and digital banking space has remained steadfast in its growth. In fact, investment into the UK FinTech market reached $4.1 billion in 2020 – more than the next five European countries combined – and...