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...“If we want to push for better financing for the defence industry, then we certainly have to [complete] the capital markets [union].”...
...The latest iteration of its framework on bank capital, known as Basel III or Endgame, has met with fierce lobbying by US banks, which fear significant increases in their capital requirements....
...About 3,600 people work in the bank’s risk teams....
...And as loan quality deteriorated, it remained in the interests of the planters, the state, the investors in Europe to keep the bank open, hoping it might work out....
...Labour organisers have said they plan to recruit new members in traditionally non-union workplaces including banks and pharmacies....
...Greece’s bank bailout fund last month sold 27 per cent of Piraeus Bank for €1.35bn....
...It follows a similar statement from the European Central Bank....
...European Central Bank....
...The funding needs for greening Europe’s economy are estimated at €500bn a year, according to former European Central Bank president Mario Draghi — who is drafting a separate report on how to improve Europe...
...We have strong political commitment to the capital markets union project....
...Austria’s central bank head Robert Holzmann said: “I would find it difficult if we move too far away from the Fed.”...
...True, the lack of a proper banking union is a genuine problem in Europe, hence the EBF’s appeal to legislators and not just watchdogs....
...Central banks should act on the assumption that the consequences of being too tight could turn out to be almost as bad as of those being too loose....
...In his final State of the Union address before November’s election, Joe Biden last night outlined his legislative agenda for a second term in a pugnacious, overtly political speech....
...the changes in recent months, although French banks would benefit too....
...Christine Lagarde is performing poorly or very poorly as president of the European Central Bank, according to most respondents in a union survey of its staff that suggests internal dissent has surged in...
...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....
...The examples it gave included a law firm where trainees might have to pass a test conducted and scored by an AI system to qualify; and a large bank using an AI system to generate performance rankings and...
...Months later Germany’s Bundesbank — the trendsetter for European central banks at the time — also pivoted away from rate hikes and towards future cuts....
...into bank parent companies....
...If the Reagan‑Thatcher revolution was about crushing union power, the pendulum seems to be shifting in favour of labour. Unions are changing too....
...Bank....
...Energy companies prospecting for new fossil fuel reserves and businesses censured by regulators for greenwashing fell into this category, as did banks increasing their financing of fossil fuels....
...But it may be the thing that prompts consolidation among Europe’s banks and insurers....
...Frontrunner Alex Stubb, a former prime minister, told the FT in an interview that the European Investment Bank should change its statutes to be able to invest in arms....
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