Santander reported 3rd quarter net profit of â’¬1.750 billion ($US2.07 billion), up from â’¬501 million ($US597 million) in the same quarter last year, beating expectations for a profit of â’¬1.004 billion ($US1.187 billion). Growth in consumer lending in the UK and South America in particular helped the company’s bottom line. […]
A Swiss financial blog reported Monday that Credit Suisse and competitor UBS are considering a merger. The potential deal would create a European financial powerhouse with nearly 1.6 trillion euros in deposits. Both firms declined to comment on what they called “rumours and speculation.” Visit Business Insider’s homepage for more […]
European banks are set to face credit losses of as much as 800 billion euros ($US947 billion) in the next three years in a worst-case scenario, according to an Oliver Wyman report. In case the region is not hit by a second COVID-19 wave, a sharp rise in unsecured loan […]
Dutch banking giant ABN Armo is being investigated by the Dutch public prosecutor under an act meant to prevent money laundering and terrorism financing, according to a press release posted on the firm’s website on Thursday. The investigation will be focused on whether the bank failed to check on clients […]
Alvarez & Marsal ranked the biggest banks in Europe, rating them on 13 different KPIs across profitability and resilience. A&M said that four banks were “falling behind the pack and need to rethink their strategy and restructure parts of their business.” Below are the 10 lowest performing banks in Europe. […]
Revenues for banks from European equity research are plummeting in the aftermath of the introduction of MiFID II. Banks will be earning about 20% less on their European equity research – a drop of about $US300 million – by the start of 2019, according to a report from Greenwich Associates. […]
European officials accuse Commerce Secretary Wilbur Ross of insider trading in a report on the 2011 Euro banking crisis. The report alleges Ross sold his stake in the Bank of Ireland at the top, knowing about accounting issues at the company. Ross hasn’t been charged with any official complaint, as […]
Europe's ageing population and shrinking labour...
The European banking sector is getting a lot of...
The European Banking Authority published the...
As the Brexit worries began two weeks ago, I...
Credit Suisse may be undergoing some painful...
Banks across Europe could be forced to sell as...
Europe is "over-banked" and must face up to the...
Deutsche Bank's share price is at a record low...
US investment banks are dominating their...
Risk of a "lost decade" remains.
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