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...
archiveGlobal economies
Europe’s banks heading into precarious times, experts warn
Europe’s banking sector has proved remarkably resilient in the face of recent macroeconomic headwinds, but there are still significant uncertainties and downside risks Banks are heading into a precarious time as the impact of higher interest rates on loan books starts to take effect Higher geopolitical risks may impact the overall operating environment and contribute to higher-for-longer interest rates, a higher cost of risk and asset quality deterioration Experts anticipate the deterioration of banks’ asset quality and loan books as high interest rates and geopolitical tensions persist, and expect a...
Open banking and payments figure in UK Autumn Statement
The UK government’s Autumn Statement confirms its commitment to promoting open banking and payments reform The statement also approves of...
