Europe

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%.

Weekly Global News Wrap: Citi to cut 20,000 jobs in two years; Spain’s BBVA expects higher dividend payout

And crypto firms in UK are introducing new risk assessment and profile tests ahead of stricter regulations.

Weekly Global News Wrap: Citi to exit distressed-debt trading business; Korea seeks to fine HSBC, BNP Paribas

And Germany seizes $790m from the bank account of a Russian financial institution.

Weekly Global News Wrap: JPMorgan Chase to open more branches; EU banks make record payouts

And Portugal’s Novo Banco reportedly exploring potential tie-up with WiZink.

Japan’s JCB boosts card acceptance in France with FrenchSys partnership

French acquirers need to perform less certification before they can accept JCB cards.

Swiss Fintech Rides High with Fresh Strengths – Time for Onshore Collaboration?

In economic & business cycles, asset prices gyrate from time-to-time. Many fresh opportunities also emerge from these cycles.  

Mizuho launching universal bank in Europe, to close offices in 4 cities

The new bank will be based in Amsterdam, with offices in Frankfurt, Madrid, and Paris.