World news about “Banking” published by euronews.
Spain: Banker jailed as inquiry continues into Caja Madrid A Spanish judge has ordered the former chairman of Caja Madrid to be put in jail in a high profile investigation into banking irregularities. Considered a… 17/05/2013
Cyprus banking reforms praised by EU ministers Efforts by cash-strapped Cyprus to restructure its banking systems have been praised at a meeting of Eurozone finance ministers in Brussels. The island has… 14/05/2013
Consumer groups hail EU plan to create ‘right’ to have a bank account Consumer rights groups have welcomed an EU proposal to that would give Europeans the legal entitlement to have a bank account. Johannes Klein from the… 08/05/2013
Central banks surprise Central banks worked hard during the Labour Day week. Both the US Federal Reserve and the European Central bank held their monthly meetings and both managed… 03/05/2013
BNP Paribas profit falls BNP Paribas has pledged to keep cutting costs and staff in response to reduced earnings from the flagging European economy. France’s biggest bank, which… 03/05/2013
Show me the money – British overseas territories deal Tax havens such as Bermuda, the Cayman Islands and the British Virgin Islands are to work more closely with the UK and other European countries to fight tax… 02/05/2013
What more does the ECB need to cut rates? The European Central Bank is widely expected to stimulate economic growth by cutting interest rates soon. Weaker than expected statistics from Germany… 26/04/2013
Merkel says ECB should put up interest rates for Germany Germany’s finance minister has said his country will stick to its austerity course despite mounting criticism and others in the eurozone should keep focused… 25/04/2013
Spaniards ruined in bank share scheme feel betrayed Spain’s banking crisis is counting the victims – those who bought shares in the country’s three nationalised banks and who stand to lose most of their money… 24/04/2013
Eurozone weakness makes ECB interest rate cut more likely Economists increasingly believe that the European Central Bank is about to cut interest rates for the eurozone. The feeling is that Mario Draghi and his… 24/04/2013
Political hope helps Italian bond yields Italy’s borrowing costs have fallen sharply with investors reacting positively to the moves to end its post-election political deadlock. Even before Enrico… 24/04/2013
Repriced Bankia shares see-saw Shares in Spain’s nationalised lender Bankia continue their bumpy ride. The price had fallen so low that on Friday every 100 shares was consolidated into… 22/04/2013
IMF still keen on eurozone rate cut in face of weak growth One day after the International Monetary Fund cut its forecast for global growth this year to just 3.3 percent, IMF head Christine Lagarde has been trying to… 18/04/2013
EU Parliament agrees bank bonus caps The European Parliament has voted in favour of capping bankers’ bonuses. It is part of a wide-ranging new financial reform law under which EU banks will be… 16/04/2013
Gold price plunges Gold has plunged to its weakest in two years. Investors ditched it on fears of central banks – like Cyprus, and maybe other weak eurozone economies selling… 15/04/2013
Cyprus tops agenda for eurozone finance ministers meeting With the size of the messy bailout for Cyprus increasing, the island’s fiscal fate tops the agenda as the eurozone’s 17 finance ministers gather in Dublin on… 11/04/2013
Spain: New law protects Andalusia’s vulnerable from eviction A left wing regional government in Spain has approved a law that will stop banks from repossessing homes from the most needy people, even if there is an… 11/04/2013
Luxembourg plans to ease banking secrecy laws Luxembourg has said it will water down its banking secrecy laws after pressure from its EU partners. It comes amid a Europe-wide effort to crack down on tax… 10/04/2013
IMF downplays inflation risks Even as central banks worldwide continue to print money to stimulate their economies the International Monetary Fund is downplaying the threat of inflation… 10/04/2013
New Russian central bank chief pledges changes Russia’s next central bank chief, Elvira Nabiullina, is pledging changes to the way the bank works in order to boost the flow of credit via retail bank… 09/04/2013
Greece’s National Bank and Eurobank face nationalisation Shares in Greek lenders National Bank and Eurobank have plunged as they put a full merger on hold and said they cannot raise enough money to rebuild their… 08/04/2013
HBOS ‘colossal’ failure blamed on its bosses HBOS – the British bank that had to be bailed out with over thirty billion euros worth of taxpayers money – was so badly run it would have failed even without… 05/04/2013
Bailed out British bank was ‘accident waiting to happen’ A damning report about bailed-out British bank HBOS. The Parliamentary Commission on Banking Standards says it was so badly run it would have failed even… 05/04/2013
Cypriot bank workers protest over pensions threat Bank workers in Cyprus took to the streets in protest over concerns for their pensions. Public shock at last month’s collapse of Popular Bank, the… 05/04/2013
Cypriot government sees sharper economic decline The Cypriot government on Thursday said the country’s economy may shrink by 13 percent this year, far more than than the 8.7 percent initially… 04/04/2013
Deutsche Bank ‘being probed over hiding losses’ Germany’s central bank and the country’s financial watchdog Bafin are reportedly conducting an in-depth investigation of Deutsche Bank accounts. Sources… 04/04/2013
Regulating banker bonuses After a financial crisis that many blame on the highly paid high-flyers of the banking world, politicians are responding to public anger by cracking down on… 04/04/2013
Cypriot investigator tells euronews of financial inquiry Michael Sarris might have stepped down from the Cypriot finance ministry, but he has not stepped out of the spotlight. The now-defunct Laiki Bank, which he… 02/04/2013
Cyprus President under fire as blame game kicks off An investigation is being launched into Cyprus’ banking crisis and President Nicos Anastasiades said it should start at the top: with him. The President’s… 02/04/2013
Cyprus: Big depositors will lose up to 60% of savings Bank of Cyprus customers will shed up to 60 percent of savings over 100 thousand euros, it has been revealed. The island’s Central Bank confirmed the… 30/03/2013
Cash-starved Cyprus no more tax haven Finally Cypriots could get into their banks, after two weeks of locked doors. When they reopened, in spite of anger over feelings that their accounts had been… 29/03/2013
Cyprus: Financial crisis ‘contained,’ says president The Cypriot banking system may be in turmoil, but customers appear to be remaining calm in Nicosia. The island’s banks reopened on Thursday after an almost… 29/03/2013
Cypriots return to their banks but in an ugly mood Crowds, not queues outside Cypriot banks today, but while they may be open again, it’s far from business as usual. There was a limit on how much you could… 28/03/2013
Truckloads of cash stock up Cyprus banks Ahead of the re-opening of Cypriot banks on March 28, the Central Bank of Cyprus sent private security vans packed with cash to stock them up. The European… 28/03/2013
Cyprus banks braced for reopening The Cypriot government has imposed tight restrictions on access to funds as the banks prepare to open for the first time in nearly two weeks. Among the… 28/03/2013
UK banks capital hole not as big as feared Britain’s banks have been told they must raise 25 billion pounds – that’s 29.6 billion euros – in extra capital by the end of the year. The UK central bank… 27/03/2013
Fresh fruit and veg sales halved as Cypriots feel the squeeze No sector of the Cypriot economy is immune from the banking crisis that is eroding morale and squeezing cash out of the system. Even sales at the cheaper… 27/03/2013
BRICS say yes to investment bank, but details sketchy The so-called BRICS group of emerging economies – Brazil, Russia, India, China and South Africa – has agreed to set up a development bank, to help fund… 27/03/2013
Cyprus credit controls keeps cash in the country Cyprus is reportedly to limit the amount of cash individuals can take out of the country to 3,000 euros as details of the country’s capital controls… 27/03/2013
Uncertainty and frustration as Cyprus waits for banks to reopen The turmoil at banks in Cyprus is ongoing, as customers continue to wait for their reopening tomorrow. Following the resignation of the Bank of Cyprus… 27/03/2013
Cyprus: blood boiling over the banks Protesters shouting “Troika go home!” marched though Nicosia’s old town on Tuesday calling on other citizens to join them. They were venting their anger… 27/03/2013
Eurogroup chief under fire over Cyprus bailout Eurogroup chief Jeroen Dijsselbloem is under fire from fellow EU officials over comments he made about the Cyprus bailout deal. The Dutch Finance minister… 26/03/2013
Iceland to charge ex-Kaupthing bank chief with fraud The former head of Iceland’s biggest bank, Kaupthing, will be charged next month for his role in its collapse in 2008. Heidar Mar Sigurdsson has been… 26/03/2013
Bank of Cyprus staff protest at Nicosia headquarters People working for the largest bank in Cyprus massed at the Nicosia headquarters in support of the bank’s chairman, who has resigned in the wake of the… 26/03/2013
Cyprus bank levy hits not only the super-rich Agreeing to a ten-billion euro bailout means that people with more than 100,000 euros in a Cypriot bank account will have some of it taken away. The… 26/03/2013
Bank of Cyprus chairman resignsAndreas Artemis, the 59-year-old chairman of the Management Board of the Bank of Cyprus, has submitted his resignation. Local media reported that Artemis… 26/03/2013
Cyprus banking chaos continues With banks in Cyprus closed until March 28 and restrictions in place on how much money can be transferred or withdrawn from accounts, the mood in Nicosia is… 26/03/2013
Bank re-opening delayed in Cyprus Cyprus’ banks will now remain shut until Thursday, following the island’s controversial bailout deal. Most of them had been expected to re-open today. The… 25/03/2013
Cyprus: the ins and outs of the least worst option The deal Cyprus has agreed with the European Union and the International Monetary Fund to secure a 10 billion euro bailout loan includes major restructuring… 25/03/2013
Accusations fly in Cyprus bailout fallout The streets of Nicosia appear calm as the bailout fallout begins to hit home in Cyprus. Facing massive job losses and economic turmoil under the new loan… 25/03/2013
Moscow’s mixed messages over Cyprus After rejecting desperate pleas from Cyprus last week, President Vladimir Putin finally agreed to ease the terms of a 2.5 billion euros loan from Moscow… 25/03/2013
Bankia’s ‘scandal’ shares plummet Shares in nationalised Spanish lender Bankia went into free fall on Monday after the country’s bank restructuring fund valued them at just one euro cent… 25/03/2013
Cyprus Foreign Minister defends bailout as only option to save the economy Cyprus had no choice but to accept the latest 10 billion euro bailout deal according to Foreign Minister Ioannis Kassoulides. Speaking at a ceremony… 25/03/2013
UK ‘bad bank’ payback continues The British government last year received 4.0 billion pounds ( 4.7 billion euros) of the money used to bail out lenders Northern Rock and Bradford & Bingley… 25/03/2013
Cypriots wonder what future will hold The Cyprus bank clean-up has begun, but there is a throbbing hangover to deal with after the country’s worst crisis in nearly 40 years. It is back to the… 25/03/2013
Cyprus closes in on EU bailout deal Cypriot leaders are in Brussels for last ditch talks to avert the country’s financial collapse. It comes after its parliament voted to restructure the… 23/03/2013
Swiss bank pay to fuel bonus anger The latest bankers’ pay announcements in Switzerland will likely stir more debate and dismay there. Credit Suisse has revealed it upped the renumeration of… 22/03/2013
Cypriots feel ‘on hold and held up’ Cypriots were almost holding their breath, their banking system like a house of cards on Thursday. They felt on the edge of a precipice, many said, having… 21/03/2013
Crisis talks in Cyprus: state investment fund under discussion The Cypriot government is scrambling to find a new way to raise 5.8 billion euros to secure a10 billion euro bailout from the European Union and the… 21/03/2013
EU admits errors over Cyprus but backs bail-in plan Jeroen Dijsselbloem, the new chairman of the Eurogroup of finance ministers, has backed the plan for a savers raid to rescue Cypriot banks, but… 21/03/2013
EU to cap bankers’ bonuses European Union lawmakers have agreed to cap bankers bonuses. The first law of its kind globally will bar bankers from awarding themselves payouts greater… 21/03/2013
Cyprus to present new bailout plan The government of Cyprus said ministers must agree a “Plan B” for funding the island’s bailout on Thursday morning. The controversial levy on the deposits… 21/03/2013
Mixed European leaders reaction to Cyprus crisis European leaders have given their reaction to the rejection of the tax on credit bank accounts by the Cyprus parliament. There was a unity of feeling that… 20/03/2013
Ukraine relatively unworried by Cyprus crisis In the Cyprus banking crisis, almost all the focus has been on Russian money in account there, but Ukraine also has strong business and financial ties with… 20/03/2013
Bankers bite back on the trust issue Bankers – they have become hate figures after the financial crisis, which spawned the economic crisis, and now the raiding of customers accounts in Cyprus to… 20/03/2013
Deutsche Bank sets aside more cash to cover litigation costs Deutsche Bank has trimmed 600 million euros from the pretax profit for last year that it previously reported. Europe’s biggest bank in terms of assets said… 20/03/2013
EU creeps closer to full banking union As Cyprus continues to fizz with uncertainty, EU officials say they have cleared some major obstacles on the way to establishing full banking union to help… 19/03/2013
Cyprus parliament rejects bailout conditions in vote Members of Cyprus’ parliament have voted against highly controversial plans to tax bank deposits. 36 MPs voted to reject the plan while 19 abstained. The… 19/03/2013
Cypriot politicians rethink controversial savings plan Banks and cash machines remain closed in Cyprus on Tuesday as politicians prepared to vote on a plan to seize up to 10 percent of savings accounts to fund a… 19/03/2013
Work continues to shield Cypriot small savers Popular protests are now a regular occurrence on the streets of Greece and Spain. But there are now demonstrations outside the parliament buidling in… 19/03/2013
Cyprus bank levy is ‘unique’ Cyprus needs a bailout mostly to rescue its banks which are in trouble after making loans totalling around eight times the country’s national output… 17/03/2013
Cyprus postpones bailout debate until Monday The Cypriot parliament’s debate on the savings tax that shocked the entire nation will now take place on Monday. The president postponed the debate to gain… 17/03/2013
Cypriots face up to savings tax challenge The flood of people to bank cashpoints in Cyprus over the weekend appears to have come to an end, but that was not because fears about an EU charge on savings… 17/03/2013
Cyprus savers to be hit by bailout levy Shock has turned to panic in Cyprus as the terms of a Brussels backed bailout became known. A one-off levy on personal savings drove many to withdraw what… 17/03/2013
Bundesbank’s boss frets over France and Italy First an inconclusive election, then a credit rating cut for Italy. It keeps troubling the markets and testing them with each bond auction. Do investors have… 16/03/2013
‘Vatican Bank is a law unto itself’ Secrecy is a way of life at the Vatican, not least at the Vatican Bank. For decades the Istituto per le Opere di Religione or Institute for Works of… 15/03/2013
Bundesbank’s frosty outlook The head of Germany’s central bank is warning the eurozone crisis is not over and governments must tackle the roots of their troubles with reforms – pointing… 12/03/2013
British government holds firm on bank reform The British government has rejected calls for a tougher approach to bank regulation, including making banks limit how much they can invest. Responding to… 12/03/2013
UK lawmakers want tougher banking reform There have been tough recommendations for reforming Britain’s banks from an influential panel of lawmakers. A report from the Parliamentary Commission on… 11/03/2013
UK seeks to block EU bonus cap In this edition of Europe’s Weekly: we take a look at the UK’s lonely fight to stop an EU-backed cap on bankers bonuses; Lativa applies to join the single… 08/03/2013
Suicide inquiry at world’s oldest bank Italian police are investigating an apparent suicide of the spokesman for the world’s oldest bank, Monte dei Paschi di Siena. It follows the discovery of… 07/03/2013
ECB talks about cutting interest rates but doesn’t The European Central Bank has held off cutting the cost of borrowing in the eurozone – for now. For the eighth straight month the benchmark interest rate… 07/03/2013
European markets at close: 05.03.2013 05/03/2013
StanChart worried about regulatory costs despite record profit Standard Chartered has posted a record profit, but complained new banking regulations and a UK tax on the sector are costing it dear – in excess of $500… 05/03/2013
Bank of Japan nominee Kuroda pledges to fight deflation Haruhiko Kuroda, the man who is set to take over at the Bank of Japan, has been talking tough at his confirmation hearing at the parliament in Tokyo. Unlike… 04/03/2013
Bank of Ireland upbeat in stabilising economy Bank of Ireland has said signs that the Irish economy improved in the second half of 2012 have continued into this year. That upbeat assessment came as… 04/03/2013
HSBC to lift dividend though 2012 profits dip HSBC is to increase its dividend as strong growth in Hong Kong and other core Asian markets boosted its capital even though annual profit fell short of… 04/03/2013
EU moves to cap bankers bonuses MEPs and EU governments have provisionally agreed rules to cap bankers’ bonuses at a maximum of one year’s salary. The cap was pushed for by Austria’s… 28/02/2013
RBS moves closer to re-privatisation Royal Bank of Scotland has reported stronger underlying profits. Its operating profit was the equivalent of just over four billion euros last year, the… 28/02/2013
Record loss for Spain’s Bankia amid recovery signs Bankia has reported Spain’s biggest ever corporate loss – 19.2 billion euros. That came as the rescued lender announced huge writedowns – 24 billion euros –… 28/02/2013
New leader pledges to end Cyprus debt woes Winning the election was the easy part – now Cyprus’ president-elect faces weeks of difficult talks with foreign lenders on a bailout to avoid his country’s… 25/02/2013
Yen falls on Bank of Japan governor report The yen fell to its lowest in 33 months against the dollar on reports that Haruhiko Kuroda is to be the nominee to take over as governor of the Bank of… 25/02/2013
More losses at Dexia Dexia has announced a second year of heavy losses – 2.9 billion euros and said there will be more to come this year. The nationalised Franco-Belgian lender… 21/02/2013
Credit Agricole tax hit over Greece adds to losses French bank Credit Agricole has posted a 6.5 billion euro full-year loss – the worst since it went public in 2001. One reason for that was the unexpected… 20/02/2013
Spanish property giant collapses The bursting of Spain’s property bubble has claimed another victim with developer Reyal Urbis filing for insolvency. That comes after it failed to… 19/02/2013
ING to cut thousands more jobs ING has announced deeper job cuts in its retail banking business in the Netherlands and Belgium. The latest layoffs by the Dutch financial services group… 13/02/2013
Barclays axes 3,700 jobs Barclays is cutting at least 3,700 jobs as part of its revival plan, with many of those in Europe. New Chief Executive Antony Jenkins, who is trying to… 12/02/2013
EU finance chiefs debate strong euro EU finance ministers met in Brussels on Tuesday amid French concern over the strength of the euro. Paris says the value of the single currency should not be… 12/02/2013
Cyprus rejects ‘bail-in’ of island’s depositors Cyprus will oppose forcing losses on uninsured depositors to rescue the country’s banking system. Cypriot finance minister Vassos Shiarly responded to a… 11/02/2013
Barclays to announce huge cost cutsBritish bank Barclays is reportedly to cut 2,000 jobs from its investment banking business. New boss Antony Jenkins is set to unveil plans to slash annual… 11/02/2013
