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Business

Spain's Santander buys TSB Bank to boost presence in the UK

The Spanish lender is about to become the third-largest bank in the UK by share of personal current accounts, after the deal is closed.

China

Qatar reaffirms commitment to AIIB and will host 2026 meeting

Qatar will host the 11th edition of the annual meeting of the Asian Infrastructure Investment Bank (AIIB) in September 2026, ushering a new chapter of the Bank’s efforts to position itself as a global force for development and economic growth.

Economy

Why is the Asian Infrastructure Investment Bank significant?

The Asian Infrastructure Investment Bank (AIIB) is holding its 10th Annual Meeting of Board of Governors from June 24 to 26 in Beijing.

Business

Italy’s Monte dei Paschi bank gets ECB nod for Mediobanca takeover

Mediobanca has shown its opposition to the takeover bid, launched in January, warning it would weaken its business model.

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Business

AIIB elects former anti-corruption official as new president

Zou Jiayi has been elected as the next president of the Asian Infrastructure Investment Bank (AIIB) by the group’s board of governors.

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.

The Europe Conversation

European Commissioner Maria L Albuquerque advocates for investing in savings with risk

In an interview with Euronews, Maria Luís Albuquerque, the European Commissioner for Financial Services and the Union of Savings and Investments, argued that consumers should invest in medium- and long-term financial products and advocates for the advantages of mergers in European banking.

Germany

Key figure in Germany's largest tax fraud case avoids jail time

Former lawyer Kai-Uwe Steck, who played a role in the loss of more than €428m to the German tax authorities, received a suspended jail sentence of one year and 10 months.

The Exchange

The shift towards digital-only banking and cloud operations for a tech-driven future

In partnership with Media City

Industry digital banking leaders discuss the transformative impact of digital wallets and fintech on banking, highlighting innovation, consumer needs, and emerging trends shaping the future of finance.

Business

UniCredit lifts outlook as it beats expectations with record profit

Italy’s second biggest lender posted its highest net profit ever for the first three months of 2025, the period that the bank called the ‘best quarter in history’ in its earnings report.

Business

Commerzbank reports profit surge as it fends off UniCredit bid

The German lender reported its ‘best quarterly result since the first quarter of 2011’ as it attempts to fend off Unicredit’s takeover efforts.

Business

UBS to pay hundreds of millions to settle Credit Suisse US tax probe

UBS agreed to pay hundreds of millions of dollars to settle the US tax probe into Credit Suisse after a two-year investigation. UBS said that it was "not involved in the underlying conduct and has zero tolerance for tax evasion".

Business

Visa wants to give artificial intelligence 'agents' your credit card

Visa is collaborating with AI firms like Anthropic, Microsoft, and OpenAI so that consumers will be able to outsource spending to AI agents.

Business

Deutsche Bank posts robust results boosted by asset management

Higher growth in major divisions such as private banking and investment banking also contributed significantly to Deutsche Bank’s strong performance in the first quarter.

Business

Mediobanca launches bid for Banca Generali as M&A flurry intensifies

The offer comes as Mediobanca itself is fighting off a hostile takeover bid from smaller rival MPS.

Business

Financial giants JPMorgan Chase and Morgan Stanley see earnings jump

The robust earnings updates come as President Donald Trump’s tariffs have sent jitters through global markets this week.

EU Decoded

Will citizens channel their savings to boost EU businesses?

The European Commission's proposal for a Savings and Investment Union wants citizens to also help EU companies grow. This episode discusses what it would take to make investing savings in financial products a win-win situation for everyone involved.

Business

France’s Crédit Agricole gains ECB nod to raise stake in Banco BPM

The green light comes as Italian bank UniCredit prepares to launch a buyout offer for Banco BPM, which could be complicated by CA’s stake.

Europe News

Burying money has cost Portugal millions of euros in the last decade

Citizens hide money in case of emergency situations. In 2024, authorities recovered a record €1.7 million in banknotes that were not fit for circulation.

Business

Profits in focus: Reports from Generali, Deutsche Bank and Deliveroo

Strong results from Italy’s Generali Group and British Deliveroo, as well as the declining profit of Hugo Boss, were shaping the European market landscape on Thursday.