ECB warns crypto may pose a risk to financial stability
The European Central Bank has warned that crypto-assets “will pose a risk to financial stability” if the present trajectory of growth continues “and if financial institutions…
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EBRD adds Czech Republic to SME equity research
Merck €440m Ireland expansion creates 370 jobs
€1bn Ireland-France interconnecter gets approval
ECB to force London banks to relocate activity to EU
Global debt soars to record high over $305 trillion
EU in €210bn plan to replace Russian fossil fuels
Allianz to plead guilty, pay $6bln in fraud case
German funds take €45bn; assets slip to €4.1 trillion
Europe’s largest EV battery recycling plant launches
Hydrovolt, a giant battery recycling joint venture between Swedish lithium-ion battery firm Northvolt and Norwegian aluminium maker Norsk Hydro, has started commercial recycling operations at its…
Commission backs €27bn EIB investments worldwide
The European Commission and the European Investment Bank (EIB) have signed a “Guarantee Agreement” through which the Commission will support up to €26.7 billion of EIB…
Hines raises €800m for European property fund
Global real estate firm Hines announced that Hines European Property Partners (HEPP), its new diversified, open-ended “core-plus” property fund focused on key European markets, has…
Sanofi spinoff EuroAPI rises on Euronext Paris debut
Shares of EuroAPI, Sanofi’s pharmaceutical ingredients spinoff, rose on their first trading day on Euronext Paris. The issue price of EuroAPI shares was set at…
Securities lending revenue up 20% to $828m in April
The global securities lending industry generated $828 million in revenue for lenders in April 2022, according to DataLend, the market data service of fintech EquiLend….
Apple hit with EU charge over mobile payments
European Commission antitrust regulators have charged iPhone maker Apple with allegedly restricting rivals’ access to its technology used for mobile wallets. Apple now faces the…
AIB in NatWest talks for €6bn Ulster Bank mortgages
Allied Irish Banks (AIB) announced it is has entered into exclusive discussions with NatWest Group plc for the acquisition of €6 billion of Ulster Bank…
LaSalle, NUMA in €500m urban hotel investment
LaSalle Investment Management said it is launching a €500 million pan-European “urban hotel aggregation strategy” via a strategic partnership with digital hotel operator NUMA Group….
Credit Suisse board changes; McDonagh CEO of EMEA
Credit Suisse Group announced on Wednesday a number of major changes to its executive board and management team — including the appointment of Bank of…
Bank of Ireland CEO quits, with salary cap blamed
Bank of Ireland announced late on Tuesday that Francesca McDonagh has informed the board of Bank of Ireland Group plc of her intention to step…
ECB exec warns of ‘lawless frenzy’ in ‘Ponzi’ crypto
A senior European Central Bank (ECB) official on Monday launched an attack against the $1.3 trillion cryptocurrency market, comparing it to a “Ponzi scheme” and calling…
IMF warns divided blocs a ‘disaster’ for global economy
International Monetary Fund (IMF) chief economist Pierre-Olivier Gourinchas has warned that a potential new multipolar world — where Europe and the US are in one system…
ECB confirms end of bond buying amid rate rise talk
The European Central Bank (ECB) on Thursday confirmed its plans to end its massive bond-buying stimulus scheme in the third quarter of 2022 — as…
Euro zone banks to tighten corporate credit access
A European Central Bank (ECB) survey showed on Tuesday that Euro zone banks plan to sharply tighten access to corporate credit in the second quarter…
Ireland extends BoI share sale after €532m proceeds
The government of Ireland has extended the sell down of its shares in Bank of Ireland for another six months after raising €532 million since last…
Global government debt to hit $71.6 trillion in 2022
The Janus Henderson Sovereign Debt Index has predicted that total government debt around the world will increase 9.5% to $71.6 trillion in 2022, with the…
Hertz to buy 65,000 Polestar electric vehicles
Hertz announced it will buy up to 65,000 electric vehicles (EVs) over five years from Polestar, the Swedish all-electric car maker controlled by Volvo Car AB and its owner Zhejiang…
Abundant capital pushes M&A valuations to new highs
Global merger and acquisition (M&A) activity in 2022 has recorded a strong start with the number of completed deals valued over $100 million in the…
Bank of Ireland Group makes executive changes
Bank of Ireland Group announced that its chief strategy officer Mark Spain has been appointed group chief financial officer and executive director from March 31. Spain…
Heineken, Carlsberg quit Russia, take financial hits
European brewing giants Heineken and Carlsberg said on Monday they will quit Russia as they join the exodus of Western companies leaving Russia following its invasion of…
ECB extends liquidity for non-euro central banks
The European Central Bank announced it has established or extended liquidity lines with central banks in Poland and four other countries to support them in…