Europe
Banking and finance news from the United Kingdom, European Union, and broader Europe
BaFin imposed new Deutsche Bank deadlines for transaction-monitoring system repairs
BaFin set binding new deadlines for Deutsche Bank to remedy transaction-monitoring data-system deficiencies, updating legally binding orders from 2021 and 2023 after technical requirements changed.
ECB September account showed broad agreement inflation risks remained tilted upwards
The ECB's September meeting account showed policymakers unanimously viewed inflation risks as tilted upwards, while subsequent comments and economic evidence supported caution over another immediate rate increase.
ECB’s Wunsch opposed higher bank reserves as quasi-fiscal policy risk
Belgian central bank governor Pierre Wunsch opposed raising unremunerated reserve requirements, warning that using the measure to curb central-bank losses could weaken future monetary operations.
Monte dei Paschi defence bids lost support from key shareholders
Monte dei Paschi’s proposed acquisitions of Banco BPM and Banca Generali faced new opposition from shareholders controlling significant stakes before a decisive vote on 29 October.
Crédit Agricole detailed German retail expansion targeting two million customers by 2028
Crédit Agricole plans to double its German customer base to two million by 2028, beginning with digital current accounts and savings products before broadening its retail offering.
Revolut Pledged Identity-Document Costs for Customers Hit by Data Breach
Revolut said it would cover identity-document replacement costs for affected customers after hackers obtained data on 680 clients, including 55 in France, through a compromised Italian government email account.
UK Lenders Cut Mortgage Availability as Household Demand Fell Sharply
British lenders reported reduced mortgage availability in the third quarter, while house-purchase demand recorded a net balance of minus 37.1 and was expected to recover slightly by November.
Volksbank Köln Bonn Agreed Board Departure After Brothel Loan Review
Volksbank Köln Bonn and board member Jürgen Neutgens agreed to part after an external review found no financial irregularities or misconduct linked to a €5 million property loan.
UK Court Quashed Five Former Barclays Traders’ Rate-Rigging Convictions on Appeal
The UK Court of Appeal quashed the convictions of five former Barclays traders after a 2025 Supreme Court ruling found legal errors had undermined the fairness of related benchmark-rate trials.
SEB Named Jonas Ahlström Acting CEO After Johan Torgeby Resigned
SEB named deputy chief executive Jonas Ahlström as acting CEO after Johan Torgeby resigned for personal reasons, ending nearly a decade as the Swedish bank's chief.
Société Générale completed €1.5 billion buyback covering nearly 20 million shares
Société Générale completed its €1.5 billion extraordinary share buyback after repurchasing 19,871,418 shares, which the French bank said would subsequently be cancelled under the programme.
Dutch state announced latest ABN Amro sell-down towards 10.5% stake
The Netherlands announced a fifth market sale plan for ABN Amro depositary receipts, targeting a reduction in the state’s holding from 20.7% to 10.5% as privatisation continued.