Europe
Banking and finance news from the United Kingdom, European Union, and broader Europe
Turkey's CBRT holds policy rate at 37% for fifth consecutive meeting
The CBRT held its policy rate at 37% for a fifth straight meeting, keeping the interest corridor at 35.5-40.0% as it pointed to a decelerating underlying inflation trend.
UniCredit acquires minority stake in Frankfurt fintech VC Trade to digitise European debt markets
UniCredit acquired an undisclosed minority stake in Frankfurt-based VC Trade on 8 September 2026, gaining an option to increase its shareholding in Germany's leading Schuldschein marketplace over time.
Revolut targets FTSE 250 corporate clients as business division revenue reaches £708 million
Revolut plans to pitch business banking services to FTSE 250 companies, the Financial Times reported on Wednesday, targeting corporate clients of Britain's largest banks after its business division generated £708 million of revenue in 2025.
National Bank of Poland holds reference rate at 3.75% for fifth consecutive meeting
The NBP held the reference rate at 3.75% for a fifth straight meeting, keeping the lombard rate at 4.25% and deposit rate at 3.25%, the lowest since 2022.
HSBC confirms wind-down of German transaction services unit, cutting more than 300 jobs by 2028
HSBC confirmed on Wednesday it is winding down its German transaction services business, phasing out around 300 remaining roles at HSBC Transaction Services GmbH and a further 20 positions by 2028.
Barclays leads €2.4 billion debt package backing Lone Star's ContiTech acquisition from Continental
A lender group led by Barclays is preparing a €2.4 billion financing package, comprising a €1.9 billion term loan and a €500 million high-yield bond, to fund Lone Star Funds' purchase of ContiTech.
JPMorgan extends global corporate banking business to Greece after 25% EMEA staff build-out
JPMorgan said on Wednesday it had extended its global corporate banking business to Greece, appointing Konstantinos Makrydakis to lead large and mid-cap coverage after raising EMEA divisional headcount by 25% in two years.
UK banks escalate lobbying against budget tax rises as Dimon meets Burnham and Healey
Britain's banking industry intensified its campaign against Budget tax increases, with JPMorgan's Jamie Dimon meeting Prime Minister Andy Burnham and Chancellor John Healey on Wednesday after UK Finance wrote to him in August.
HSBC hires former Citi Private Bank executive Hannes Hofmann as global head of family offices
HSBC has appointed former Citi Private Bank executive Hannes Hofmann as global head of family offices in a newly created London role, alongside Cayman Wills as head of its US private bank.
Danske Bank launches Butterfly advisory platform built on BlackRock's Aladdin Wealth technology
Danske Bank launched Butterfly on 9 September, an advisory solution built on BlackRock's Aladdin Wealth platform, making it the first Nordic bank to power private client investment advice with the system.
US Treasury sanctions Turkey's Golden Global Bank over Iranian oil revenue transfers
The US Treasury designated Istanbul-based Golden Global Yatirim Bankasi and two subsidiaries on Friday 4 September, accusing the lender of facilitating tens of millions of dollars in transactions for Iran's Revolutionary Guard.
Deutsche Bank settles €152 million Frankfurt damages claim brought by former manager Schiraldi
Deutsche Bank said on Monday it had confidentially settled a €152 million damages claim from former manager Dario Schiraldi, three days before a Frankfurt trial that had threatened to embroil chief executive Christian Sewing.