Europe

Weekly Global News Wrap: Piraeus buys 90% of Ethniki Insurance; BBVA SA seeks double CIB revenue

And the world’s leading climate coalition seeks new members as it overhauls rules

DBS launches financing, hedging solutions for EU ETS climate obligations

EU ETS is the world’s first carbon emissions trading scheme.

Japan’s SMBC sets up private credit fund in Europe

The fund will focus on loan investments to middle market businesses.

BNP Paribas, Ant Int’l ink MOU to enhance cross-border payments

The MOU includes the further development of Ant’s Whale platform.

Alipay+ payments now available in European taxi app FREENOW

Tourists from China, Hong Kong, and Malaysia can use their local e-wallet to pay.

Comarch aims to bridge Asian banks’ innovation with wealth needs

The Polish tech firm is looking to help banks build their wealth management platforms.

Weekly Global News Wrap: Nomura eyes $10b US credit portfolio in 10 years; UBS CEO earned $15.9m

And JPMorgan Chase revamps investment banking and capital markets leadership.

Weekly Global News Wrap: HSBC may receive just $21.7m from Russia sale; 282 US banks at risk

And Japan’s small businesses, homeowners brace for life after the interest rate policy shift.

Weekly Global News Wrap: US banks’ profits down 40%; NYCB loses $5b in deposits

And Greece’s biggest lender optimistic profits will grow through 2026.

SMBC, Jefferies expand investment banking collaboration to EMEA

In 2023, SMBC had raised its ownership of Jefferies to 15%.