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European banks show excellent COVID recovery and record profits
European banks reported their second-highest profits in 15 years as the sector overcame the tumultuous conditions created by the coronavirus pandemic. The strong performance was driven by the lowest level... read more
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Russian bank closures disrupt European banking operations
Russia’s attack on Ukraine and the resulting economic sanctions have already impacted European banking in several ways, many of which are indirect. One potential impact is in the form of... read more
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Dangerous tides from Russian sanctions pull on Eurozone bank recovery
One of Italy’s major banks, UniCredit, has issued a stark warning that it may have to face losses of about €7 billion in an “extreme scenario” whereby its entire Russian... read more
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Europe’s banks return to fees as profits drop in 2021
At Spain’s Caixabank most customers visiting a branch for a service they could access online will now have to pay €2 for the privilege. The fees are part of a shift... read more
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