Banking

Europe must overhaul rules or risk economic decline, banking group warns

Europe's economy risks falling further behind other regions unless the European ‌Union overhauls regulation that is undermining banks' ability to lend, the European Banking Federation has warned. The current situation…

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Greek banks eye expansion abroad

Greek banks are engaging in outward business moves, with acquisitions and partnerships to expand their footprint in the wider regional and European space. Leading the way are Alpha Bank through…

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Bank of Italy signals potentially illegal transfers from Italian accounts to Russia in 2023

The Bank of Italy reported potentially illegal bank transfers last year from Italian accounts to Russia, channelled through other countries in order to avoid Western sanctions, the central bank said…

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Barclays poised to cut hundreds of investment bank jobs

Barclays is preparing to axe hundreds of jobs across its investment bank as it runs the rule over under-performers in the division, two sources familiar with the matter told Reuters.…

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ECB tells banks to prepare for new types of risk

FRANKFURT, March 21 (Reuters) - Euro zone banks must adjust how they manage risk as they face challenges from the end of ultra low interest rates to the emergence of…

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Central banks on brink of victory in inflation fight – BIS

Central banks are on the brink of victory in the fight to bring the global surge in inflation back under control, the Bank for International Settlements said on Monday. There…

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Barclays to adopt fresh curbs on oil and gas financing

Barclays, Britain's biggest lender to the oil and gas industry, told Reuters it will stop direct financing of new oil and gas fields and restrict lending more broadly to energy…

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MDB strengthens ability to finance green projects through EIB’s Green Gateway support

The Malta Development Bank (MDB) and the European Investment Bank (EIB) have kicked off an extensive collaboration project aimed at enhancing the ability of the MDB to support the Maltese…

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Most euro zone banks face risk from climate complacency, ECB finds

Most big banks in Europe are failing to adjust their business to the looming decarbonisation of the bloc's economy and thus face increased financial, reputational and legal risk, the European…

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HSBC completes sale of retail banking business in France

HSBC subsidiary HSBC Continental Europe (HBCE) has completed the sale of its retail banking business in France to Crédit Commercial de France (CCF), a subsidiary of My Money Group, the…

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Banking chiefs say market vulnerable to ‘geopolitical escalation’, regulatory push

Top global banking chiefs on Tuesday said they are concerned the financial sector's next crisis may come from rising geopolitical uncertainty which could test financial market resiliency, while the industry…

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Banking regulator proposes crypto disclosures from January 2025

Global banking regulators on Tuesday proposed a standardised format for major banks to disclose their holdings of cryptoassets from January 2025 to support "market discipline" by giving a complete picture…

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Goldman, HSBC join forces with other banks on client disclosures

Goldman Sachs and HSBC are among a group of five banks adopting a common global approach to disclosing clients' stock positions, a move which participants say could help cut costs…

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Italy to tweak bank tax to give lenders option to boost reserves – draft

By Giuseppe Fonte and Valentina Za ROME, Sept 23 (Reuters) - Italy plans to revisit its contested windfall tax on banks by giving lenders the option to boost their reserve…

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Global central banks unite in ‘higher for longer’ credo

BoE vows to keep rates high enough for long enough Global "soft landing" may be in sight; risks remain Some investors question whether rhetoric will hold By Mark John (Reuters)…

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Britain reviews checks on ‘politically exposed’ customers of banks

By Huw Jones LONDON, (Reuters) - Britain's financial watchdog said it has launched a formal review into how banks conduct mandatory extra checks on "politically exposed" customers and their families…

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Global central banks begin policy shift as inflation cools

By Howard Schneider, Francesco Canepa and Leika Kihara WASHINGTON/FRANKFURT/TOKYO, July 28 (Reuters) - Top central banks continued with another round of interest rate hikes this week despite cooling inflation, but…

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European banks flag bad loan risks as global economy falters

By Iain Withers, Valentina Za and Jesús Aguado LONDON/MILAN/MADRID, July 26 (Reuters) - Europe's major banks, including Deutsche Bank and Lloyds Banking Group , on Wednesday pointed to the rising…

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UK tightens rules for bank account closures after blacklisting complaints

LONDON, July 20 (Reuters) - Banks in Britain will be forced to explain and delay any decision to close an account under new rules announced by the finance ministry on…

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Europeans drain billions from banks, fed up with shrinking savings

By Sinead Cruise, John O'Donnell and Tom Sims LONDON/DUBLIN (Reuters) - European savers are pulling more of their money from banks, looking for a better deal as lenders resist paying…

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EU updates bank crisis rules to strengthen taxpayer shield

(Reuters) - The European Union set out draft reforms to rules for closing down failing banks this week. The original rules were introduced after the 2007-09 global financial crisis when…

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EU plans to prevent taxpayer cash being used to save failing banks

By Huw Jones (Reuters) - The European Union proposed making it harder for states to pour billions of euros of aid into an ailing bank, as Italy did with Monte…

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Britain reviews bank depositor insurance scheme to bolster confidence

The Bank of England (BoE) has said it is considering "improvements" to the mechanism under which depositors can recover money in their accounts at smaller banks that get into difficulties.…

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ECB told not to take banks’ word for it when assessing risk

FRANKFURT, April 17 (Reuters) - The European Central Bank should stop relying on banks' self-assessments when setting capital requirements and do its own homework instead, independent experts said on Monday.…

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Britain seeks to boost banking services from fintechs

By Huw Jones LONDON, April 17 (Reuters) - Britain's financial regulators said on Monday they would set up a new body over the next two years to encourage more competition…

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German banks hit by wave of complaints from savers

By Tom Sims and Marta Orosz FRANKFURT, April 6 (Reuters) - Complaints from consumers about banks and other financial firms in Germany rose by a fifth last year, official data…

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EU banking regulator warns sector still at risk

The head of the European Banking Authority (EBA) warned that the banking sector remained very vulnerable even after measures to stem the fallout of crises at Silicon Valley Bank and…

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How the 2023 banking crisis unfolded

March 27 (Reuters) - Global banks are staring at the biggest crisis since 2008 after two U.S. lenders collapsed, Switzerland's Credit Suisse sought a government lifeline and America's top banks…

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Banking stress puts U.S. and Europe on watch for credit crunch

By Howard Schneider and Tom Sims WASHINGTON/FRANKFURT (Reuters) - Stress in the banking sector is being closely monitored for its potential to trigger a credit crunch, a U.S. Federal Reserve…

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Small U.S. banks see record drop in deposits after SVB collapse

(Reuters) - Deposits at small U.S. banks dropped by a record amount following the collapse of Silicon Valley Bank on March 10, data released by the Federal Reserve showed. Deposits…

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Hong Kong on watch for any ‘spillover’ from US regional banks

HONG KONG, March 24 (Reuters) - Hong Kong needs to watch carefully for any further "spillover" from U.S. regional banks, although the city has very little exposure to the situation…

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EU banks resilient, have strong capital, liquidity – statement

BRUSSELS, March 24 (Reuters) - The European Union banking sector is resilient because it has strong capital and liquidity positions, European Union leaders said in a statement after a summit…

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European bank shares fall as crisis leaves mark

By Howard Schneider, Aniruddha Ghosh and John Revill (Reuters) - Banking shares slipped in Europe on Thursday as the instability that surged through the global banking system this month is…

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Banking crisis headlines EP Committee activity

Having quizzed ECB President Christine Lagarde on the bank’s measures to deal with an economic environment marked by high uncertainty and strong inflationary pressures, the Economic and Monetary Affairs Committee…

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Lagarde says ECB ready to help banks but sector is ‘resilient’

The European Central Bank remains ready to support euro zone banks with loans if needed, ECB President Christine Lagarde told MEPs, as she reiterated earlier assurances after the Swiss-brokered rescue…

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US sees deposits stabilizing as some regional banks reel

By David Lawder, David French and Lananh Nguyen WASHINGTON/NEW YORK, (Reuters) - A U.S. official said on Sunday that the deposit outflows that left many regional banks reeling in the…

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UPDATED: ECB watchdog sees no Europe contagion after US, Swiss bank rescues

By Balazs Koranyi, Pete Schroeder and Tom Westbrook March 17 (Reuters) - European Central Bank supervisors see no contagion for euro zone banks from recent sector turmoil, a source said…

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Bank rescues ease crisis fears but investors worry it’s not enough

By Pete Schroeder, Tom Westbrook and Scott Murdoch March 17 (Reuters) - A $30 billion lifeline for First Republic Bank hosed down market fears about an imminent banking collapse on…

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After SVB failure, US acts to shore up banking system confidence

By Andrea Shalal, Howard Schneider and Pete Schroeder WASHINGTON/SINGAPORE, March 13 (Reuters) - U.S. authorities launched emergency measures on Sunday to shore up confidence in the banking system after the…

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EU watchdog to tackle banks with too few women on boards

The European Union's banking watchdog said on Tuesday it will crack down on the 28% of banks it found to have failed to implement a mandatory policy on boardroom diversity.…

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EU watchdog says it will visit banks to check on their crisis plans

The European Union's body for winding down failing banks said on Wednesday it would begin on-sight inspections of leading euro zone lenders to check they can be wound down without taxpayer aid…

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How sanctions complicated day-to-day banking for Russians

This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine By Alexander Marrow and Elena Fabrichnaya MOSCOW (Reuters) - Financial sanctions against Russia…

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Italian banks to cut 27% of branches over next 7 years

MILAN, (Reuters) - The number of bank branches in Italy is set to shrink to around 16,000 in 2029 from 22,000 last year, consultancy Deloitte said, as customers increasingly embrace…

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Euro zone banks tighten credit by most since debt crisis, ECB says

Euro zone banks have tightened access to credit for companies by the most since the 2011 debt crisis and expect to continue doing so as they turn more pessimistic on…

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Ease capital rules on EU banks to boost lending, banking industry says

By Huw Jones LONDON, Jan 27 (Reuters) - Banks in the European Union could increase lending by almost a third if regulators applied capital requirements in the same way as their U.S.…

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Brexit lifts number of million-euro-a-year bankers in EU, watchdog says

By Huw Jones LONDON, Jan 19 (Reuters) - More Brexit-related relocations from London and rise in trading increased the number of bankers earning more than a million euros a year…

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World’s banks told to apply capital rules to climate risks where possible

LONDON, Dec 8 (Reuters) - Global regulators set out their first guidance on Thursday to show banks how to apply existing capital rules to cover climate change risks that could…

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EU sets out plans to shift derivatives clearing from London to Frankfurt

EU wants to end reliance on London post Brexit Could be a further knock to City amid competition Banks have warned EU not to be too heavy-handed By Huw Jones…

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UK watchdog warns banks over treatment of customers

LONDON, Nov 3 (Reuters) - Banks must learn lessons from the COVID-19 pandemic when it comes to helping customers struggling with Britain's cost of living crisis, the Financial Conduct Authority…

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Moody’s downgrades outlook for banks in Germany, Italy and elsewhere

FRANKFURT, Nov 2 (Reuters) - The ratings agency Moody's said on Wednesday that it had downgraded the outlook for banks in Germany, Italy and four other countries to "negative" from…

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‘Seismic shift’ in bank payments to help business and consumers, says EU

LONDON, Oct 26 (Reuters) - Forcing banks across the European Union to offer instant payments in euros is a "seismic" shift to make the economy more efficient and reap savings…

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African banks increasingly worried about funding costs, survey shows

LONDON/JOHANNESBURG, (Reuters) - Sub-Saharan African banks are increasingly worried about funding costs, an annual survey published this week found, as soaring interest rates both on the continent and globally make…

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EU takes step to ease proposed curbs on foreign banks, document shows

LONDON, Oct 6 (Reuters) - Foreign bank branches in the European Union would not automatically become a costlier subsidiary if their business reached a certain "systemic" size, the Czech EU…

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SWIFT sets out blueprint for central bank digital currency network

LONDON, Oct 5 (Reuters) - Financial messaging system SWIFT has laid out its blueprint for a global central bank digital currency (CBDC) network following an 8-month experiment on different technologies…

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EU watchdog says banks need $1.2 bln to meet capital rules in full

(Reuters) - Banks in the European Union will collectively need a further 1.2 billion euros ($1.18 billion) to meet a set of global capital rules in full by 2028, the…

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ECB wants banks to review capital plans given downturn

The euro zone banking sector is robust ahead of a possible recession but the European Central Bank is still asking lenders to review capital projections given what is likely to…

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Women make small gains in leadership of private German banks

FRANKFURT (Reuters) - Women made up 35.2% of leadership positions at private banks in Germany in 2021, figures from the bank employment lobby AGV Banken showed on this week, as…

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