Search Results for: European Investment Bank
Three major Banks fined €485 million for Euribor fix cartel
December 7th, 2016
The European Commission has fined Crédit Agricole, HSBC and JPMorgan Chase, a total of € 485 million for participating in a cartel in euro interest rate derivatives. The banks colluded on euro interest rate derivative pricing elements, and exchanged ...
CySec has issued a Circular to inform Cyprus Investment Frms about EBA guidelines
December 7th, 2016
The Cyprus Securities and Exchange Commission (CySec) has issued a Circular in relation to the European Banking Authority ‘Revised guidelines on the further specification of the indicators of global systemic importance and their disclosure’ and wishes to inform the ...
Alibaba Financial Affiliate Seals Bank Deals for Alipay Expansion in Europe
December 7th, 2016
Alibaba Group Holding Ltd.’s financial affiliate said it would collaborate with three banks and a payments company in Europe as the Chinese company seeks to expand its presence there. Ant Financial Services Group, which operates the Alipay online-payments platform, ...
European Commission invites European Supervisory Authorities to amend KID documents for investment products
November 14th, 2016
The European Supervisory Authorities (ESAs) – the European Banking Authority (EBA), European Securities and Markets Authority (ESMA) and European Insurance and Occupational Pensions Authority (EIOPA) – have received a letter from the European Commission setting out the amendments it ...
European stock markets rallied
November 7th, 2016
European stock markets rallied with the UK’s FTSE 100 jumping nearly 103 points or 1.5% to 6,793 as investors expressed relief at the FBI’s announcement that it would take no action against Hillary Clinton over emails linked to the Democrat ...
Commerzbank CET 1 Capital Ratio Increased to 11.8%
November 4th, 2016
Operating profit of €429 m for third quarter 2016 compared to €351 m for second quarter 2016 (Q3 2015: €452 m) CET 1 capital ratio increased to 11.8% as of end of September 2016 (end of June 2016: 11.5%; ...
European Property Investors shift in opportunities in smaller economies
October 24th, 2016
The European commercial real-estate market is shifting, with the hottest cities cooling off as investors’ interest in other locations grows. Real-estate markets throughout Europe saw investors pile in following the 2008 financial crisis. With the European Central Bank and ...
Lloyds Banking Group to introduce new state of the art fraud prevention technology
October 13th, 2016
Lloyds Banking Group is set to become the first organisation in Europe to introduce new state of the art fraud prevention technology, helping protect its 30 million customers from telephone fraudsters.The patented Phoneprinting™ technology, developed by call centre fraud ...
Asian Stocks Rebound as Deutsche Bank Concern Ebbs; Pound Drops
October 3rd, 2016
German lender’s U.S. fine reported to be less than feared U.K.’s May says Brexit process to start by end of March Asian stocks rose and regional bonds fell as concern about Deutsche Bank AG’s finances eased after the lender ...
Commerzbank eyes at least 5,000 job cuts
September 23rd, 2016
Commerzbank AG’s management is eyeing cuts of at least 5,000 jobs, or more than 10% of its workforce, and eliminating one of its units as part of a broader overhaul to address weak profitability amid low interest rates and ...
