01/03/2017
Sale of small Italian banks to UBI delayed at Commission's request: sources
UBI has expressed an interest in buying three of the lenders
Retail Banking
01/02/2017
KBC Group acquires United Bulgarian Bank and Interlease
The acquisition will have a very limited impact on KBC’s solid capital position (-54 basis points), keeping the CET1 ratio (3Q16: 15.3%) well above regulatory minimum capital requirements.
01/02/2017
One Nordea – New Legal Structure
The banking business in Denmark, Finland and Norway will be carried out in branches of Nordea Bank AB (publ).
12/29/2016
RBS may reduce executive bonus awards
Plans will be discussed with RBS's largest shareholders in the new year and put into a form that can be eventually voted on at the lender's annual meeting.
12/29/2016
RBS hit as Williams & Glyn sale faces more obstacles
It is understood that the Treasury is drawing up contingency options that it can put to the EC as back-up plans in case a sale falls through.
12/28/2016
Poland expects more foreign owners to sell banks in 2017
The Polish government has been increasing its sway over the banking sector in what analysts have said is an attempt to gain more control over the slowing economy. Following the Pekao purchase by PZU and PFR, Polish capital now controls the country's
12/28/2016
Lloyds to set up European arm if UK loses access to single market
Plans would ensure British bank can maintain its German and Dutch retail clients
12/23/2016
Italy's teetering banking system could need almost £50billion to stave off collapse as its government prepares to rescue the world’s oldest lender.
The firm’s board was set to meet last night amid speculation that a government rescue could take up to three months to complete.
12/23/2016
Societe Generale announces the sale of Splitska Banka
Central & Eastern Europe is a region where Societe Generale sees potential for future growth
12/23/2016
BNP Paribas to cut 4 percent of retail banking staff in Italy over 2017-2020: unions
Banca Nazionale del Lavoro, the Italian unit of BNP Paribas, and another unit, BPI, which are at the center of the plan, employ around 13,190 staff overall.
12/22/2016
Investors shun Italian bank Monte Paschi's share offer
Monte dei Paschi di Siena, recently judged the weakest of the euro zone's major banks, declined to comment.
12/22/2016
Poland expects more foreign owners to sell banks in 2017
The Polish government has been increasing its sway over the banking sector in what analysts have said is an attempt to gain more control over the slowing economy.
12/22/2016
Mega Branches Test Too-Big-to-Fail Oversight in Nordea Maneuver
Sweden’s FSA moves to reassure other Nordic regulators
12/21/2016
Monte dei Paschi's new debt swap offer raises 500 million euros: source
Italy's third biggest bank reopened the debt swap
12/21/2016
Banco Espirito Santo retail customers to get 60 pct of money back
The government's plan should remove one of the litigation risks that has complicated efforts to sell Novo Banco.
12/21/2016
Italy approves a €20bn bailout plan for its banks
If the bank cannot arrange a successful private sector bailout, the Italian government will probably step in
12/20/2016
Lloyds Buys Credit Card Business For GBP1.9 Billion
The acquisition of MBNA will increase Lloyds group revenue by GBP650.0 million per year
12/19/2016
RZB and RBI have passed a resolution on merger exchange ratio
The fairness of the exchange ratio was additionally audited by an independent court appointed merger auditor in accordance with Austrian merger law and reviewed by the Supervisory Boards of RZB and RBI.
12/19/2016
Ukraine nationalises country's largest bank
The bank has also been the subject of local media reports suggesting it issued loans to select insiders that may never be repaid.
12/19/2016
Banks may be able to sue EU if denied transitional deal
There is no indication yet that banks are considering using the law to challenge the EU.