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UBS boss Ermotti says too-small European banks must consolidate

UBS Group Chief Executive Sergio Ermotti on Wednesday said banking consolidation, especially in Europe, is unavoidable in coming years as institutions must achieve critical mass to remain competitive......»»

Category: topSource: reutersNov 13th, 2019

UBS boss Ermotti fears Europe"s banks "too small to survive"

UBS Group Chief Executive Sergio Ermotti on Wednesday said banking consolidation, especially in Europe, is unavoidable in coming years as institutions must achieve critical mass to remain competitive......»»

Category: topSource: reutersNov 13th, 2019

ECB"s tiered rate is cold comfort for euro zone banks

The European Central Bank is giving euro zone banks a small reprieve from a penalty charge on their idle cash but this is likely to prove too little, too late for a sector hurt by years of low interest rates......»»

Category: topSource: reutersSep 12th, 2019

Italy government delays, amends reform of small lenders

Italy's government agreed on Tuesday to delay a reform of small banks, slowing an overhaul planned by the former center-left government and backed by the European Central Bank......»»

Category: topSource: reutersJul 24th, 2018

Small steps from stocks after rally, giant leap for yuan

Soothing words from the world's top central banks helped stocks consolidate a strong start to 2019 on Friday, while China's yuan capped its best week since it shed its dollar peg in 2005......»»

Category: topSource: reutersJan 11th, 2019

Why Even Xi Can’t Get Funding to Small Firms in China

It’s rare that a campaign backed by China’s President Xi Jinping comes up short. Yet more than a year after he put his personal stamp on an unprecedented push to cajole banks into lending more to small- and medium-sized companies, they’re still sta.....»»

Category: topSource: washpost9 hr. 8 min. ago

A thousand EU financial firms plan to open UK offices after Brexit

More than a thousand banks, asset managers, payments companies and insurers in the European Union plan to open offices in post-Brexit Britain so they can continue serving UK clients, regulatory consultancy Bovill said on Monday......»»

Category: topSource: reuters13 hr. 8 min. ago

Amazon boss Jeff Bezos arrives in India as local traders plan protests

Amazon.com Inc founder Jeff Bezos arrived in India on Tuesday, according to a post on his Twitter account, as thousands of small traders across 300 cities planned protests, claiming the firm is distorting local retail market......»»

Category: topSource: reutersJan 14th, 2020

Amazon boss Bezos to face protests from traders during India trip

Thousands of small-scale traders in India are planning to organize protests against Amazon.com Inc founder Jeff Bezos, who will visit the country next week for a company event and potential meetings with government officials......»»

Category: topSource: reutersJan 11th, 2020

Guangdong Blockchain Financing Platform Aims to Help Small Business

A new platform backed by Guangdong province aims to streamline the process for commercial banks to lend funds to small businesses with more detailed and reliable profiles provided by its blockchain network......»»

Category: forexSource: coindeskJan 2nd, 2020

European stocks, U.S. stock futures rally to start of the year

European stocks and U.S. stock futures both rallied Thursday in the first trading day of 2020. The Stoxx Europe 600 gained 0.9% in early action -- with banks, oil.....»»

Category: topSource: marketwatchJan 2nd, 2020

New Boeing boss faces EU pressure over Embraer tie-up: sources

As Boeing's new boss tackles the immediate crisis over its grounded 737 MAX jet, he also faces pressing questions from European regulators over a deal to buy the commercial arm of Brazil's Embraer - seen as key to its longer-term strategy......»»

Category: topSource: reutersDec 24th, 2019

Fintech Firms Caught Up In Baltic Money-Laundering Crackdown

Fintech Firms Caught Up In Baltic Money-Laundering Crackdown 2019 was a rough year for European banks.  Setting aside the problems of Deutsche Bank, this spring, a scandal that st.....»»

Category: blogSource: zerohedgeDec 24th, 2019

Fiat Chrysler boss Manley to head European auto lobby group ACEA

The European carmakers' association (ACEA) has appointed Fiat Chrysler Chief Executive Mike Manley as its new president from January 2020, it said on Thursday......»»

Category: topSource: reutersDec 12th, 2019

European stocks slip as trade deadline looms

European shares fell on Wednesday as the deadline approached for new U.S. tariffs on Chinese goods, while two major central banks held policy meetings......»»

Category: topSource: reutersDec 11th, 2019

Small Businesses Financing: 3 Ways Fintech Tops Credit Cards

The small business credit card industry has erupted in the past few years. More banks and credit card companies than ever before are advertising thei.....»»

Category: blogSource: benzingaDec 10th, 2019

"Floodgates Are Open" - German Banks Start Charging Retail Savers

"Floodgates Are Open" - German Banks Start Charging Retail Savers It has been over 7 years since the European Central Bank's key depos.....»»

Category: blogSource: zerohedgeDec 5th, 2019

Orange CEO says EU authorities are open to pan-European telecoms mergers

The European Union's top antitrust policymaker, Margrethe Vestager, is open to the idea of pan-European mergers in the telecoms market, Orange's boss Stéphane Richard said on Wednesday......»»

Category: topSource: reutersDec 4th, 2019

European Central Banks Are Slowly Preparing For Plan B: Gold

European Central Banks Are Slowly Preparing For Plan B: Gold.....»»

Category: blogSource: zerohedgeNov 27th, 2019

European Banks Await Their First Lagarde Moment

European Banks Await Their First Lagarde Moment Authored by Mich.....»»

Category: blogSource: zerohedgeNov 22nd, 2019

Europe Markets: European stocks push higher, bolstered by optimism over a U.S.-China trade deal

European stocks are climbing on Tuesday, bolstered by gains for banks and mining stocks.....»»

Category: topSource: marketwatchNov 19th, 2019