Keywords: Banking


A decade after Brexit, Britain’s financial industry shows resilience despite lasting changes

Ten years after the Brexit referendum reshaped the United Kingdom’s relationship with the European Union, Britain’s financial sector has demonstrated remarkable resilience, even as it continues to face significant structural changes. Before the 2016 vote, many financial institutions warned......

Absa plans $238 million tender offer to increase stake in Kenya unit

South African financial group Absa has announced plans to strengthen its position in East Africa by increasing its ownership in Absa Bank Kenya through a substantial share purchase offer valued at approximately $238 million. The group intends to raise its stake in the Kenyan subsidiary to as much as......

Canada lowers bank capital buffer to support lending and economic growth

Canada's banking regulator has taken a significant step aimed at supporting economic activity by reducing the capital reserve requirements for the country's largest financial institutions. The decision is expected to increase banks' lending capacity at a time when policymakers are seeking......

UniCredit strengthens its position in Commerzbank takeover battle

The competition for control of one of Germany's leading financial institutions has intensified as Italy's UniCredit continues to increase its influence within Commerzbank. According to recent developments, more shareholders have accepted UniCredit's takeover offer, allowing the Italian banking......

Most Swiss citizens support stronger capital requirements for UBS, survey shows

A large majority of Swiss citizens support stricter capital requirements for UBS, according to a recent public opinion survey, reflecting growing concerns about financial stability and the risks associated with large banking institutions. The poll found that most respondents favor stronger capital rules......

Spain opens antitrust investigation into banks over mortgage market practices

Spain’s competition authority has launched an investigation into the country’s major listed banks over suspected anti-competitive practices in the mortgage market. The inquiry focuses on whether public statements made by banking executives may have influenced competition among lenders. According......

Commerzbank shares fall below UniCredit bid value as takeover deadline approaches

Shares in Germany’s Commerzbank fell on Tuesday below the value implied by UniCredit’s ongoing takeover offer, marking a shift in market sentiment as the bidding process enters its final stages. The Italian banking group UniCredit launched a hostile bid for Commerzbank on May 5, triggering......

Germany rejects UniCredit bid for Commerzbank, backs bank’s independence

Germany has officially rejected an offer from Italian banking group UniCredit to acquire shares in Commerzbank, reaffirming its support for the German lender’s independence and long-term strategic development. The decision was announced by Germany’s state finance agency, which argued that......

UniCredit defends takeover offer as dispute with Commerzbank intensifies

Italian banking group UniCredit has firmly rejected claims made by Germany’s Commerzbank regarding the level of shareholder participation in its takeover offer, escalating tensions between the two financial institutions. The dispute centers on the accuracy of figures related to the acceptance......