Now playing Next Business UK banks under fire for debanking hundreds of defence firms The wrongful closure of hundreds of bank accounts belonging to defence companies puts national security at risk, claim Conservative MPs. 09/05/2024
Now playing Next Business Crédit Agricole announces earnings jump while rival’s profits plummet France’s second largest bank surpasses profit expectations while competitor Société Générale sees earnings dip. 03/05/2024
Now playing Next Business BBVA-Sabadell potential merger: A sign of things to come? BBVA's merger proposal to Banco Sabadell could transform the eurozone banking sector, potentially boosting BBVA's assets to more than $1 trillion and making it the third-largest eurozone bank according to market value. 01/05/2024
Now playing Next Business HSBC chief executive announces unexpected retirement Noel Quinn is to step down after a tumultuous five years at the helm of the UK-based bank. 30/04/2024
Now playing Next Business EU Policy. Over 90% of wealthiest bankers are men, EU figures show The number of banking millionaires is on the rise, according to the European Banking Authority – but women don’t seem to be benefiting. 29/04/2024
Now playing Next Markets Deutsche Bank makes highest quarterly profit in 11 years Germany’s largest lender announces €1.45 billion net income for the first three months of the year. 25/04/2024
Now playing Next Markets Back in profit: Barclays share price jumps nearly 5% on latest results Shares in Barclays jumped on Thursday as the UK lender swung back to profit after reporting losses in the final three months of last year amid its efforts to restructure the bank's operations. 25/04/2024
Now playing Next Markets Euroviews. Banking lobby's influence risks undermining digital euro's potential Lawmakers as representatives of the people should resist the anticompetitive proposals of the banking sector and embrace a vision of the digital euro that serves the collective interests of Europeans, Dr Martijn van der Linden and Vicky Van Eyck write. 23/04/2024
Now playing Next Business Goldman Sachs profits surge ahead to beat forecasts The Wall Street giant's investment banking and trading business drove the results past analysts' estimates. 15/04/2024
Now playing Next Business JPMorgan opens earnings season with profit rise and risk warning JPMorgan reports a 6% rise in 1Q profits as bank earnings season begins. Wells Fargo profit falls. 12/04/2024
Now playing Next Business Societe Generale to sell equipment financing business for €1.1bn The French lender said the sale was part of a strategy to simplify its business under chief executive Slawomir Krupa. 11/04/2024
Now playing Next Europe News EU Policy. Judges retarget bank-rescue fund, ruling 2022 subscription unlawful The EU’s €78bn Single Resolution Fund is meant to avoid a repeat of 2008-style taxpayer banking bailouts, but faced a string of legal problems. 10/04/2024
Now playing Next Economy Euroviews. A more bankless society is on the horizon — and it's a good thing Web3 digital technology is set to transform how societies interact with money and payments, effectively unbundling banking and payments. This shift can make society less dependent on banks, Jón Egilsson writes. 09/04/2024
Now playing Next Business Wirecard shareholders suing audit giant EY over asset-stripping claims Wirecard shareholders are accusing EY Germany, part of one of the world's biggest audit firms, of taking steps to protect its lucrative non-audit business from being used for legal payouts. 08/04/2024
Now playing Next Economy EU banks under attack over funds to ecosystem wreckers Banks including Santander, BNP Paribas and Deutsche Bank are among the financial institutions accused of funding companies destroying ecosystems. 26/03/2024
Now playing Next Business Nationwide apologises to customers as tech glitch delays payments Nationwide is one of the latest to see IT glitches, following the likes of Sainsbury’s, McDonald’s, Greggs and Tesco, amongst others. 22/03/2024
Now playing Next Business European Central Bank penalises Crédit Mutuel with €3.5 million fine The bank used a method which lead to it underestimating its exposure on loan portfolios. 22/03/2024
Now playing Next Business Where do European banks stand in the ranking for strongest brands? The world’s most valuable brand owner is Chinese ICBC bank and it is worth more than Slovenia's GDP. Meanwhile, Europeans are behind and Russia's lenders continue to plummet. 22/03/2024
Now playing Next Economy Germany's commercial real estate plunge could be a threat for banks Germany's commercial real estate crisis could mean trouble for the country's banks due to their high exposure to the sector. 20/03/2024
Now playing Next Europe News EU Policy. Euro finance ministers call for relaunch of bank securitisation The complex lending instruments that caused the 2008 crisis top a wishlist of financial reforms. 12/03/2024
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