Europe
Banking and finance news from the United Kingdom, European Union, and broader Europe
Starling Bank Deploys AI Fraud Shield Across European Operations
UK challenger bank Starling Bank launched an AI-powered fraud detection system across the EU, blocking €15 million in attempted scams within hours and reducing fraud incidents by 40% in early trials.
Eurosystem Unveils Comprehensive Strategy to Reshape European Payments
The Eurosystem published a sweeping payments strategy today that positions central bank money as the foundation for Europe's digital future while embracing tokenisation and distributed ledger technology.
ECB Unveils Holistic Payments Strategy for Resilient Euro Future
The Eurosystem has published a comprehensive payments strategy to modernize Europe's infrastructure across wholesale, retail and cross-border segments, emphasizing central bank money's enduring role amid digital disruption. It targets innovation through tokenization and DLT while curbing reliance...
Deutsche Bank Launches €1.5 Billion Pfandbrief Buyback Tender
Deutsche Bank has launched a public tender offer to repurchase up to €1.5 billion of eleven mortgage Pfandbriefe series issued between 2016 and 2023. The move aims to optimize its debt maturity profile and provide liquidity to bondholders, with the offer expiring on April 10, 2026.
Nexi, PayPal Expand European Digital Payments Partnership
Nexi and PayPal have expanded their partnership to enhance digital commerce capabilities for merchants and consumers across Europe. The Milan-announced deal builds on existing collaborations amid rising demand for seamless payment solutions.
ECB Taps DXC for Core IT Infrastructure Services
The European Central Bank has awarded DXC Technology Deutschland a five-year framework agreement, extendable to eight years, for managing IT infrastructure and end-user computing. Services will be delivered from DXC's EEA centers, with ECB retaining full asset ownership to bolster operational sta...
ECB's Villeroy Signals Readiness to Tighten, But Resists Rate-Hike Timeline
The European Central Bank is prepared to act against energy-driven inflation but remains cautious about committing to specific rate-hike timing, with markets pricing three increases by year-end.
ECB's Lane Warns 2026 Differs from 2022 Inflation Shock
ECB Chief Economist Philip Lane stresses 2026's softer labor markets and absent reopening effects set it apart from 2022, outlining vigilant policy scenarios amid Middle East energy turmoil without pre-emptive tightening. He calls for targeted fiscal aid to shield vulnerable households. (187 char...
ECB Slaps BofA Securities Europe with €6.2M Risk Reporting Fine
The European Central Bank fined BofA Securities Europe SA €6.2 million for underreporting trading book risks from 2022 to 2024 by using an unauthorized method on sovereign bond options. The penalty highlights intensifying scrutiny on accurate risk disclosure amid volatile markets.
ECB Speeds Bank Model Approvals with Ex-Post Shift
The ECB will let banks implement credit risk model changes shortly after submission from October 2026, shifting to ex-post checks with safeguards. This cuts parallel model runs and refocuses supervision on high-risk areas, aided by new EBA standards.
FCA Overhauls Payments Oversight in Single Report
The UK's Financial Conduct Authority has replaced 40 supervisory letters with one consolidated report to streamline priorities, build trust, and drive modern growth in payments. This move coincides with the Payments Systems Regulator's integration into the FCA amid focus on card fees, fraud, and ...
EU Council Names Michaud EBA Chair Amid Banking Reforms
The EU Council has appointed François-Louis Michaud as the new Chair of the European Banking Authority, effective April 16, 2026, bolstering oversight of the bloc's banking sector at a pivotal moment for financial stability and regulation.