Euro Financial Review

By Mark McSherry The European Commission announced it intends to sell up to €80 billion of long-term EU-Bonds in the first half of 2023 under…

Volkswagen AG shareholders have approved a €9.6 billion special dividend following the IPO of its Porsche AG business. The pay out amounts to about 49%…

The European Central Bank increased interest rates by a half-point and ECB President Christine Lagarde told markets to get ready for a series of similar…

The EU new passenger car market posted rose in November for the fourth in a row, according to the European Automobile Manufacturers’ Association (ACEA). It rose…

By Mark McSherry — Assets under management (AuM) in the European fund management industry fell 11.8% to €28.4 trillion during the first nine months of 2022….

The US Securities and Exchange Commission (SEC) on Tuesday charged Samuel Bankman-Fried with orchestrating a scheme to defraud equity investors in FTX Trading Ltd, the…

Danish shipping giant A.P. Moller-Maersk said on Monday it has appointed company veteran Vincent Clerc as its new chief executive to lead the group through a…

By Mark McSherry — The UK’s Financial Conduct Authority (FCA) said it has fined Santander UK Plc almost £108 million after it found “serious and persistent…

The European Fund and Asset Management Association (EFAMA) announced that European UCITS and AIFs suffered net outflows of €137 billion in the third quarter of 2022. EFAMA…

By Mark McSherry —  The UK’s Financial Conduct Authority (FCA) said it has fined Julius Baer International Limited (JBI) £18 million “for failing to conduct…

Paris-based Societe Generale, France’s third-biggest listed bank, and US investment management company Alliance Bernstein have announced a plan to form a joint venture combining their cash…

Credit Suisse announced it has finalised the sale of most of its Securitized Products Group (SPG) and related financing businesses to US buyout fund Apollo Global…

Paris has overtaken London as Europe’s biggest stock market in yet another sign of the UK’s decline in the wake of Brexit, according to Bloomberg data….

By Mark McSherry — Bank of Ireland Group plc announced the appointment of Myles O’Grady as group chief executive officer (CEO) and executive director. O’Grady…

Adidas has hired Puma chief executive Bjørn Gulden as its next CEO as Adidas seeks to move on from a crisis over its partnership with rapper Kanye West,…

Dublin-based Ryanair Holdings reported half-year after tax profit of €1.37 billion, compared to a loss of €48 million in the first half of the prior…

Gas importer Uniper has reported a record €40 billion net loss in the first nine months of this year, the biggest in German corporate history, after…

Ireland’s tax revenue for the 10 months to the end of October was almost €64 billion —  €13 billion or 25% ahead of the same…

By Mark McSherry — Central Bank of Ireland (CBI) governor Gabriel Makhlouf has warned that Ireland’s investment funds sector — in which assets under administration soared…

Waystone, the Dublin-based provider of institutional governance, risk and compliance services to the asset management industry, announced closure of the transaction resulting in KB Associates…

The European Central Bank (ECB) on Thursday doubled its key interest rate to the highest level in more than a decade. The central bank raised…

Adidas AG said it is terminating its partnership immediately with Kanye West following offensive behaviour from the American rapper and designer. Referring to the rapper by…

Mainland European financial firms hold possible opportunities for income investors as interest rates rise across the continent for the first time in over a decade, according…

By Mark McSherry — Assets under management (AuM) at the world’s 500 largest asset managers reached a new record of over $131 trillion in 2021, according…

By Mark McSherry — The world’s biggest multilateral development banks increased their climate-related financing by 24% to $82 billion in 2021. That’s according to the 2021…

The Institute of International Finance (IIF), the global association for the financial industry, announced that Grupo Santander executive chair Ana Botín will become the next…

Spotify announced it has acquired Dublin, Ireland-based Kinzen, which it called “a global leader in protecting online communities from harmful content.” Spotify said Kinzen’s technology…

The Central Bank of Ireland has reprimanded and fined Bank of Ireland €100.5 million “for a series of significant and long-running failings in respect of 15,910 tracker…

The European Commission has proposed a new Single Market Emergency Instrument (SMEI) to protect supply chains. The new emergency tool proposal — if approved — would give…

The global debt-to-GDP ratio is edging back up, approaching 350% of GDP in Q2 of 2022, after four quarters of consecutive decline. That’s according to the latest…

By Mark McSherry Google suffered a major setback on Wednesday when Europe’s second-highest court fined it €4.125 billion for using its Android mobile operating system…

The European Central Bank raised its key interest rates by an unprecedented 75 basis points on Thursday to fight inflation and signalled that further hikes…

The supervisory board of Volkswagen AG said it has decided to pursue an IPO of up to 25% of non-voting preferred shares of Porsche AG,…

Bank of Ireland announced that Gavin Kelly will be appointed as interim group chief executive officer and executive director with effect from September 3, 2022….

The European Investment Bank (EIB) announced it is supporting the research and development of Germany’s fourth-largest automotive supplier Mahle with a loan of €300 million to…

German’s Adidas AG announced unexpectedly that its CEO Kasper Rorsted will leave his post next year — before his contract is due to run out —…

Credit Suisse Group has announced the appointments of Dixit Joshi as chief financial officer and Francesca McDonagh as group chief operating officer, with both joining…

By Mark McSherry Norway’s $1.3 trillion sovereign wealth fund — the world’s largest — has reported its biggest loss on record amid a market it described…

The value of Ireland’s goods exports for six months to June 2022 increased by €24.7 billion or 31% to €105.6 billion when compared with the…

Assets under management in the European fund industry fell about 13% in the first half of 2022 from €15.3 trillion to €13.3 trillion amid the…