Euro Financial Review

The European Bank of Reconstruction and Development (EBRD) said its Trade Facilitation Programme (TFP) supported its highest ever number of transactions in a single year in 2022….

By Mark McSherry The global mutual funds industry in 2022 suffered the biggest fall in assets under management (AUM) since the global financial crisis (GFC)…

The European Investment Bank (EIB) announced it has launched its first sterling-denominated digital bond on a private blockchain, in partnership with BNP Paribas, HSBC and…

Venture Capital investment in Europe plummeted to a two-year low in the fourth quarter of 2022, amidst an environment of high inflation, rising interest rates,…

Venture capital group Highland Europe announced that it has closed its fifth fund, raising €1 billion to build on its strategy of backing the Continent’s…

UK asset manager M&G announced it has raised €578 million for its new continental European residential property strategy. M&G said it has expanded its international…

The latest EY European Financial Services Boardroom Monitor shows that European financial services firms are “responding to investor expectations” with 50% of board appointments over…

By Mark McSherry The global securities lending industry generated $9.89 billion in revenue for lenders in 2022, according to DataLend, the market data service of…

The latest Fund Flow Index (FFI) report from global funds network Calastone showed that investors sold a record £8.38 billion worth of UK-focused equity funds…

The Irish government’s total revenue surpassed €100 billion for the first time ever in 2022, rising €8.5 billion or 8.7% to €106.7 billion. Total expenditure…

By Mark McSherry Ireland’s Data Protection Commission (DPC) has fined Meta €390 million for breaches at its Facebook and Instagram services and said both must reassess…

Speedinvest, the pan-European early-stage venture capital fund, has raised €500 million of new capital to help European startups scale to international success, with 90% already…

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…