Europe
Lloyds, BNP Paribas launch new FX algorithmic execution service
Lloyds, BNP Paribas launch new FX algorithmic execution service
Clients are expected to execute large FX trades more efficiently.
6 hours ago
Weekly Global News Wrap: UniCredit doubles stake in Alpha; US banks eye crypto
And the American banking industry reported $70.6b in profits for Q1 2025.
6 days ago
HSBC cuts dozens of analyst jobs in investment banking overhaul: report
Most of the cuts were in Europe, a source said.
Japan’s JCB partners with PayXpert to expand card acceptance in Europe, UK
Card acceptance on POS terminals will be enabled at no additional cost.
Weekly Global News Wrap: Citi faces $1b Oceanografia lawsuit; Unicaja denies Sabadell merger rumors
And Commerzbank is gearing up to execute its strategy as a standalone bank.
Weekly Global News Wrap: BNY Mellon mandates 4-day office rule; EU weighs UniCredit bid
And Warren Buffet will step down as chief of Berkshire Hathaway by the end of 2025.
ING’s net profit down 7.8% to $1.64b in Q1 2025
Its full-year 2025 targets remain the same.
Nomura to buy Macquarie's US and EU asset mgmt business for $1.8b
Nomura’s AUM is expected to be $770b after completion of the sale.
Mizuho Financial Group launches universal bank in Europe
Mizuho Bank Europe merged banking and securities services of two subsidiaries.
BNP Paribas names Marc Camus as chief information officer
Camus will oversee the bank’s IT strategy and IT System security.
Weekly Global News Wrap: UBS mulls HQ shift; Sabadell demands gov’t transparency
And France’s Credit Mutuel Alliance Federale is buying Oldenburgische Landesbank.
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.
Weekly Global News Wrap: Germany won't sell Commerzbank stake; BNP Paribas buys HSBC’s Germany unit
And California Bank & Trust is acquiring $730m in deposits from FirstBank.
Weekly Global News Wrap: Morgan Stanley offers Bitcoin ETFs; Berkshire Hathaway sells $3.8b BofA stocks
And Wells Fargo is under investigation over issues in its AML programs.
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.
Commentary
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