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...A paper prepared by the Dutch finance ministry last month floated the idea of abolishing the instruments, but acknowledged this would need the backing of European authorities....
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...Her team continues to put pressure on European banks with operations in Russia to exit....
...The idea that European banks hold too much capital will come as little surprise to their chief executives....
...In January 2008 the market capitalisation of JPMorgan made up less than 18 per cent of that of the top 10 European banks together....
...The weakness across investment banks has not been a drag on European bank shares, however, with the benchmark Stoxx Europe 600 banks index at a six-year high after lenders pledged to deliver more than €120bn...
...However, the lender’s private and corporate banks both suffered falling revenues....
...Its share price has shot up, ahead of European banks that have already outrun their global peers. This playbook is hardly original....
...But one year on from the failures of Silicon Valley Bank and Credit Suisse, the strongest banks are ramping up their lending into the broadly syndicated bank loan markets — a key way to finance leveraged...
...They have climbed since and are close to seven-year highs, echoing a European banking stock rally....
...The bank said on Friday that it “continues to disagree strongly” with the plaintiffs’ view....
...Irish banks have also benefited more than European peers from high interest rates, which they were slower to pass on to customers, helping achieve stellar returns on tangible equity, a crucial efficiency...
...But in one European country, shares have been flying off the shelves. Greece’s bank bailout fund last month sold 27 per cent of Piraeus Bank for €1.35bn....
...During his speech at the bank’s AGM, UBS chief executive Sergio Ermotti said he agreed with Kelleher’s view on capital needs and said it was a “source of great concern” that the bank was perceived to enjoy...
...Bank stocks performed well after Natwest’s latest earnings report beat analysts’ expectations. The Stoxx 600 Banks index added 0.8 per cent to close at its highest level since 2015....
...Other western banks, including Citigroup, Italy’s UniCredit and Austria’s Raiffeisen Bank International, are still operating in Russia....
...The European Central Bank is likely to need extra interest rate cuts if global borrowing costs are pushed up by the US Federal Reserve maintaining its restrictive monetary policy stance, a top eurozone policymaker...
...The European Central Bank held interest rates at all-time highs on Thursday but kept the door open to cuts at its next meeting in June....
...Ermotti’s total pay also dwarfs the awards of chief executives at other major European banks, including Christian Sewing of Deutsche Bank, who was paid €8.9mn last year, and Andrea Orcel of UniCredit, whose...
...“European bank fundamentals look stronger than ever,” said the bank’s head of European equity strategy Emmanuel Cau....
...Eurozone banks reported a “substantial” drop in loan demand from companies, prompting calls for the European Central Bank to signal it will cut interest rates soon when it meets this week....
...Lawyers in the case believe CMB is the first European bank to be sued under the Racketeer Influenced and Corrupt Organizations, or Rico, Act....
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...The poll is likely to reassure officials at the European Central Bank that the eurozone is still on track for a “soft landing” as the economy avoids a recession while inflation falls steadily towards its...
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