Société Générale intends to shut roughly 148 points of sale across France by 2027, according to a document shown to unions and corroborated by a
Category: Europe
Europe must stockpile critical raw materials to secure the future, Germany’s Merz says.
German Chancellor Friedrich Merz said on Thursday that Europe needs to build up reserves of critical raw materials to rely less on countries that control
ECB President Christine Lagarde quits 9 months early. Big blow.
Nine months before her term ends, European Central Bank President Christine Lagarde will step down. This will allow European leaders to select a replacement before
Europe-Wide Demonstrations Over Rising Prices Grow, With Hundreds of Troops Dispatched to Milan.
One week after looting and altercations with police, Italy sent troops to Milan as the country’s fashion and financial hub prepared for new demonstrations on
Global political unrest: Dutch central bank moves billions in gold reserves to London.
In what it called “crisis preparedness” during a period of worldwide political turmoil, the Dutch central bank declared on Wednesday that it had transferred billions
Italy’s Monte dei Paschi offers $40 billion for BPM and Banca Generali to counter Intesa.
To thwart a hostile takeover by Intesa Sanpaolo, Italy’s Monte dei Paschi di Siena on Friday offered separate all-share bids totaling roughly €34 billion ($40
The French Supreme Court overturns the under-15 social media prohibition.
A bill prohibiting under-15s from using social media was struck down by France’s top court on Friday, citing a violation of their right to free
Italy’s UniCredit resumes talks to take over Germany’s Commerzbank, the CEO says.
Following better-than-expected quarterly results on Thursday, Germany’s Commerzbank announced that it has started negotiations with UniCredit on a potential purchase by the Italian lender, saying
Hungary’s Magyar Fejlesztési Bank gets a €2 billion capital injection with the EU’s approval.
A €2 billion ($2.3 billion) capital infusion into Hungary’s Magyar Fejlesztesi Bank was approved by the European Commission on Monday. This comes as Hungary pledges
ECB rejects industry demands for reduced bank capital levels, citing concerns over lending and safety.
On Thursday, the European Central Bank resisted industry demands for reduced bank capital requirements, claiming that the current rules are necessary for safety and do
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