Khara takes charge of a bank with unique challenges.

After a year when credit markets propped up the financial performance of continental Europe’s biggest bank, concern remains about its credit risks.

Banner year for CIB helps pay for big provisions, while bank sticks to strategy of investing for growth.

Despite Covid, it was a good year for UBS and its outgoing chief executive Sergio Ermotti. Now it’s time for his successor Ralph Hamers to show his hand.

Jean Pierre Mustier’s decision to leave UniCredit raises the alarming prospect of the crippled Banca Monte dei Paschi di Siena pulling down a much bigger and stronger Italian bank.

Post-2008 accounting standards set aside capital for tomorrow’s problem loans today. In doing so, they rely on the judgements of the banks themselves. However, after Covid-19, European banks cannot afford to provision for write-offs in the same way as their US counterparts.