European Banks

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European banks struggle to survive coronavirus as cash crunch looms

Lenders' funding costs have been slashed, capital requirements have been relaxed and over 1 trillion euros has been pledged in loan guarantees and payment supports

Updated On: 24 Mar 2020 | 3:39 PM IST

UniCredit offers investors $2.2-bn buyback amid plans to shed 9% of staff

UniCredit's announcement triggered anger among unions in Italy

Updated On: 03 Dec 2019 | 11:14 PM IST

Massive tax fraud saw European banks drain $63-bn from national treasuries

years-long tax scam saw banks drain 55 billion euros (USD 63 billion) from national treasuries in Europe

Updated On: 18 Oct 2018 | 4:04 PM IST

20,000 Job Cuts at european banks

Many of these cuts are necessary because of the overly fragmented nature of euro-area banks: Jonathan Tyce & Arjun Bowry said

Updated On: 06 Oct 2016 | 1:30 AM IST