Financial Crisis

Business

French lender BPCE to buy Portugal's Novo Banco in major merger deal

Novo Banco spun out of the collapsed Banco Espirito Santo (BES) in 2014 after a state bailout. US investor Lone Star, which bought its stake in Novo Banco in 2017, is now offloading it.

13/06/2025

Economy

Irish state cuts AIB stake in further move towards privatisation

Ireland could entirely offload its stake in the lender this year after nationalising the bank more than a decade ago.

28/01/2025

Business

Back to 2008? UK proposes looser rules around banker bonuses

Bankers should be able to receive bonuses faster, say regulators - moving away from post-crisis caution.

27/11/2024

Business

Swiss regulator orders UBS to strengthen emergency protocol

The bank must step up its risk management given the takeover of Credit Suisse, according to the regulator FINMA.

15/10/2024

Economy

Banks unprepared for next financial crisis, warns new report

Banking regulations must be tightened to ensure financial stability, says Brussels-based NGO Finance Watch. But, it warns, political will is lacking.

24/09/2024

Business

Why the German government looks set to reduce its stake in Commerzbank

Commerzbank has emerged from financial distress, prompting the state to sell down its €2.5 billion stake.

04/09/2024

World News

German retailer Galeria Karstadt Kaufhof reaches rescue milestone

Creditors have approved a restructuring plan for the department store chain Galeria Karstadt Kaufhof, saving it from a break up.

29/05/2024

Europe News

Euro finance ministers call for relaunch of bank securitisation

The complex lending instruments that caused the 2008 crisis top a wishlist of financial reforms.

12/03/2024

Business

Bank crisis fund is now full, agency chief says

Eurozone banks have been pouring billions a year into a controversial EU fund designed to limit taxpayer bailouts – but it still might not be enough, a senior official said.

13/02/2024

Economy

EU court upholds anti-bailout banking rules for Spain's Banco Popular

Judges ruled against investors who lost billions, in the first test of controversial banking laws

22/11/2023

Business

Who is Ted Pick, Morgan Stanley's new CEO?

After 33 years with the Wall Street giant, Pick will take over as CEO at the start of next year.

26/10/2023

Germany

Germany's government calls summit to combat housing crisis

With Germany gripped by a crippling housing shortage, the government is bringing together industry leaders and other experts for a special summit in Berlin.

25/09/2023

Business

Russia raises interest rate to 13% as economy struggles

The Central Bank of Russia raised its key lending rate by one percentage point to 13% on Friday, a month after imposing an even larger hike.

15/09/2023

Switzerland

Euroviews. Social media bank runs broke Credit Suisse and SVB. It's about trust

With the possible recession that’s currently brewing, the most recent crises in the sector show that banks have to be more open-minded to less traditional forms of reputation strategy, Ran Blayer writes.

25/04/2023

Money

First Citizens Bank to buy collapsed Silicon Valley Bank

All of SVB's deposits and loans will be taken over by its rival First Citizens Bank, US regulators said late on Sunday.

27/03/2023

Money

Terra's Do Kwon arrested in Montenegro months after £40bn crypto crash

Interpol was asked to arrest the South Korean following the $40 billion (€37 billion) collapse of crypto platform Terra and its two stablecoins.

24/03/2023