ECB’s Lagarde: Tighten regulation on non-banks before it’s too late
Investment funds that have expanded into the lending business need to be regulated more tightly before they can cause another…
Category: Banking
EU countries and central bank close to breakthrough on digital euro
BRUSSELS — The European Central Bank has proposed handing EU capitals more power over the design of a digital version…
Russia’s Medvedev threatens EU ‘freaks’ over frozen asset loan plan
Russia will sue any EU country that dares to use its sanctioned cash to leverage a mega loan to Ukraine,…
Do what I told you, Draghi implores Europe’s leaders
Mario Draghi has a message to the EU’s leaders: I did my bit, now you do yours. Member countries had…
Italian bank’s cry for help from Brussels falls flat as Meloni-linked takeover looms
BRUSSELS — When Mediobanca, Italy’s most revered investment bank, became the target of a takeover effort backed by several Rome-allied…
Meloni eyes squeezing businesses to close deficit in next budget
Giorgia Meloni has touted herself as a friend to business since coming to power in 2022, but her government is…
Germany pushes radical loosening of crisis-era rules for smaller banks
Germany’s two banking supervisory agencies have drafted a plan to ease the burden of regulation on Europe’s smaller banks and…
Albania’s leader pushes dream of first cashless society
TIRANA, Albania — In a country where cash is king, Prime Minister Edi Rama’s ambition to make Albania go without…
How a failed Italian bank merger exposed the EU’s struggle to enforce its economic vision
Italy’s recent crackdown on a major banking merger has exposed a growing protectionist backlash over the EU’s efforts to unify…
Two visions of European finance clash at elite Italian banking gathering
MILAN — On a Friday morning under the boiling Lombard sun, the old men of Italian banking descended on the…