Every year, S&P Global Market Intelligence publishes its report of the 100 largest banks in the world by total assets.
Germany’s flagship lender announced actions to reshape its largest division, the troubled Corporate & Investment Bank (CIB) and additional cost-cutting measures, after posting a 79 percent drop in net profit in the first quarter.
Widespread misconduct in the financial sector has the potential to significantly harm consumers, undermine trust in financial institutions and markets and create systemic risks.
As it looks to tackle Europe's large bad loan pile the European Central Bank published on March 15 the Addendum to the ECB Guidance to banks on non-performing loans (NPLs).
European Central Bank President Mario Draghi said Wednesday that the bank will avoid surprising investors and will keep its monetary policy prudent.
Deutsche Bank, Germany's biggest lender, plans an initial public offering of its institutional and wholesale asset management wing, DWS, next week Reuters reported citing sources close to the matter.
The Bank of England (BoE) said Wednesday it will give big European investment banks an easy way to stay in London post-Brexit, letting them apply for licences similar to those of US, or Swiss rivals.
A four-year period to raise capital buffers will be given to large eurozone banks by EU regulators, according to Reuters.
Zurich-based Credit Suisse, is trying to attract more high-net worth individuals by offering them shipping, aviation and real estate loans according to a news report in Reuters.
Eurozone banks can withstand low interest rates for up to a decade according to a new European Central Bank working paper. Some banks have said that maintaining their profitability while interest rates are so low is impossible.