ESG concerns lead European banks to ‘debank’ defence firms, says EU defence body
European and UK banks are discriminating against defence companies by curbing lending to the sector and “debanking” customers, defence industry...
Banking
EU banking watchdog calls out lenders for inflating capital buffers | The Mighty 790 KFGO
By Huw JonesLONDON (Reuters) – Banks in the European Union may be inflating the value of their high risk debt...
EU banking watchdog calls out lenders for inflating capital buffers
By Huw JonesLONDON (Reuters) – Banks in the European Union may be inflating the value of their high risk debt...
EU banking watchdog calls out lenders for inflating capital buffers By Reuters
By Huw Jones LONDON (Reuters) - Banks in the European Union may be inflating the value of their high risk...
Open Banking Excellence (OBE) Launches First of its Kind Open Banking in a Box Programme to Drive UK Ecosystem Expansion Abroad
Open Banking in a Box, a new programme from Open Banking Excellence (OBE), is leveraging the UK’s position as the...
Bank of Italy reports possible illegal transactions to Russia – JURIST
The Bank of Italy identified over 150,000 suspicious transaction in 2023, including possible illegal transactions to Russia, Financial Intelligence Unit (FIU)...
Election turmoil threatens French banks with capital losses and refinancing issues
French banks could face higher funding costs and losses associated with their domestic debt holdings if upcoming parliamentary elections result...
EU to reimpose tariffs on Ukrainian eggs and sugar
Stay informed with free updatesSimply sign up to the EU trade myFT Digest -- delivered directly to your inbox.The EU is set to reimpose tariffs on Ukrainian sugar and egg imports from Friday, using an “emergency brake” designed to appease farmers who protested across the bloc earlier this year.The move comes just two days after the bloc opened membership talks with Kyiv, whose armed forces are fighting against Russia’s war of aggression.Tariffs of €89 per tonne of Ukrainian oats were reintroduced last week and will last until June 2025, with...
Public debt limiting next government’s ability to invest says Lloyds Banking Group’s Charlie Nunn | Business News
The chief executive of Lloyds Banking Group - the UK's biggest lender - has warned whoever wins the general election...
Top US banks withstand annual ritual of Federal Reserve ‘stress tests’
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.All 31 of the largest US banks passed the Federal Reserve’s yearly so-called stress tests, satisfying regulators that they could withstand a theoretical scenario in which unemployment rose to 10 per cent during a severe recession. The Fed on Wednesday said that under its baseline scenario banks including JPMorgan Chase, Goldman Sachs and Bank of America would lose nearly $685bn and suffer their biggest hit to capital in six years, but would...