Western Europe

Venture funders establish a $500 million valuation for German fintech, betting that rapid growth in open banking is now inevitable and will transform the financial landscape.

Brexit-sparked competition from US banks a good thing, ECB supervisor says; Italian populism ‘a burdensome tax’ on banks.

Flow Traders is confident that the approach that has made it the leading player in the European exchange-traded products (ETP) market can be replicated in FX as it looks to cash in on increased interest in non-bank market makers.

Just seven months after the launch of the revised Payment Services Directive (PSD2), efforts made by many mainstream banks are stopping short of bringing about the ground-breaking changes many had expected.

BNP Paribas had its excuses ready to explain a second quarter fall in CIB profits and FICC revenues, but strength in equities and continued progress on its strategic plan looked good

Italy flows up despite populists’ impact on bond yields; warns of peak debt across the West

French, let alone Italian, banks should not gloat. Germany’s banking problem is theirs too, and neither domestic mergers nor French-led acquisitions will solve it.

Sale offers relief from share price dip.

The UK Treasury’s inquiry into economic crime has identified fragmentation and inconsistency within the current anti-money laundering (AML) regime, while the high volume of suspicious activity reports is proving overwhelming for the regulators. But new technologies could be the light at the end of the tunnel.

Berenberg wants to transform itself from a German firm to a European one with a UK mindset, before eventually taking on Wall Street. Partners Hans-Walter Peters and Hendrik Riehmer are convinced the old merchant banking model can be modernized, but can they avoid the pitfalls of rapid expansion?

Stock coverage to double, says partner; hiring spree turns to the US.

As the signs become ever more apparent that CEO Thiam has revived Credit Suisse, Euromoney’s banker of the year shares the inside stories of a revolution.

It took an outsider to turn around Credit Suisse, to force executives and shareholders to accept that they had been following a false dream of a trading-dominated business that could somehow avoid blow-ups and produce acceptable returns.

There’s a rush to find an alternative to ‘ibors’, but with just three years to go before banks might stop submitting Libor altogether, regulators and market participants are still trying to figure out the right questions to ask.

US asset manager sets sights on Germany with new direct lending fund.

The new platform for borrowers to display indicated funding terms at which they will strike private placement deals is expanding fast.

Deal-management app promises to transform the new issue process, bringing much-needed efficiency to absorbing investor feedback and roadshow management.

Deutsche Bank is showing it can cut leverage exposure in its corporate and investment bank without slashing revenues. It has a long way to go in its pursuit of acceptable returns, but the new management team is demonstrating an early determination to deliver.

While analysts focus on net interest margins and the turning credit cycle, there is an extraordinary risk hiding in plain sight.

The British challenger needs to be more realistic about its future, with Brexit and other risks ahead.

A strong quarter for UBS contained a few of the usual curiosities in the investment bank.

Those behind blockchain-based trade finance platform we.trade, which completed its first round of transactions this month, have acknowledged that banks will have to support multiple platforms to offer a rounded digital trade service.

Unbundling probe will confirm Mifid II distortions.

Rather than super-CEOs and messianic technology, European banks might find salvation simply in small-business lending by empowered staff. As some of the best-performing banks recognize, keeping to the basics offers good long-term returns.

Euromoney's recent coverage of the eurozone crisis focuses on the macroeconomic, political and banking sector fallout.

It is 10 years since Rajeev Misra left his position as head of credit and commodities at Deutsche Bank in a move that came a couple of months ahead of the failure of Lehman Brothers and a global financial crisis.

Loan margin pressures at the Dutch bank may be structural.

Recent glitches at TSB and Visa hint at the strain.

The French bank hopes with one small acquisition to burnish its green credentials, meet government requirements on renewable energy and show its potential to adapt disruptive financial technology

Private equity house takes stake in UK payments processor