European banks brace for Russian-backed cyber-retaliation – Risk.net Tougher Sanctions on Russia’s Biggest Banks Trigger Computer Security Alert; Hundreds of computers downed in Ukraine European banks are bracing for an escalation in state-sponsored cyberattacks as Russia’s invasion of Ukraine sparked a barrage of sanctions against the country’s biggest financial firms.Read More →

The City of London’s financial district is seen as people walk on the Millennium Bridge in London, Britain February 16, 2022. REUTERS/Henry Nicholls/File Photo Join now for FREE unlimited access to Reuters.com Register Britain, EU and US announce sanctions against Russian banks HSBC fears ‘wider contagion’ The most exposed Austrian,Read More →

Band Tom Sims, Lawrence White and John O’Donnell FRANKFURT, February 9 (Reuters) – Amid fears of a Russian invasion of Ukraine, Italy’s UniCredit has backed away from a possible acquisition in Russia and Austria’s Raiffeisen Bank International has set aside risk provisions for possible sanctions against Russia. What banks inRead More →

LONDON, Feb 14 (Reuters) – European banks are providing billions of dollars in financing to expand oil and gas production, a report showed on Monday, despite International Energy Agency recommendations against new facilities to slow down global warming. In 2021, twenty-five of the region’s top banks collectively provided $55 billionRead More →

A Ukrainian Armed Forces tank is seen during military exercises at a training ground in Dnipropetrovsk region, Ukraine, February 8, 2022. Ukrainian Armed Forces General Staff/via REUTERS Join now for FREE unlimited access to Reuters.com Register FRANKFURT, Feb 9 (Reuters) – Amid fears of a Russian invasion of Ukraine, Italy’sRead More →

Stock prices have already rebounded. Banco Santander SA, one of the worst stocks of major European banks, has risen by a fifth in the past 12 months. Societe Generale SA more than doubled. The Euro Stoxx Banks index rose by 50%. The story continues under the ad But there areRead More →

The ESG Insider newsletter compiles news and insights on environmental, social and governance developments leading to changes in business and investment decisions. Subscribe to our ESG Insider newsletter and listen to the “ESG Insider” podcast on SoundCloud, Spotify and Apple podcasts. How much would you pay for a bumblebee? ThisRead More →

European banks could take the edge over their US counterparts with a proposed “green asset ratio” to enlighten investors on increasingly important environmental issues, according to market participants. The European Banking Authority has recommended that banks adopt a host asset ratio, or GAR, to show how their business activities areRead More →

Through Bharat Bhushan, CTO, Banks and Financial Markets (EMEA), IBM Today, cloud computing is not only essential to the future success of the European financial sector. It is also at the heart of the continent’s COVID-19 economic stimulus plan. However, due to concerns over regional independence and operational resilience, theRead More →

By Steve Hussey, Jørgen Kjærsgaard For shareholders of European banks, 2020 was a year to forget. But bank bondholders have enjoyed positive returns and could weather the challenges of COVID-19 again in 2021, supported by strong balance sheets and supportive regulatory conditions. The impact of the coronavirus has increased theRead More →

More than a decade after the financial crisis, European banks are facing a major test of their resilience. This week, growing fears about the coronavirus pandemic and an oil price war caused the market to sell off. Businesses have spent a decade gorging themselves on cheap debt in an environmentRead More →

LONDON: Europe’s biggest banks further cut staff by 3.5% last year and the prospect of a return to pre-crisis employment levels seems remote, despite the region’s nascent economic recovery. Spurred into action by falling revenues, mounting losses and the need to convince regulators they are no longer ‘too big toRead More →