No end to Deutsche Bank’s problems: new litigations in the US and frailty in EU stress test

Deutsche Bank Towers – Walkway from Tower A to Tower B. Headquarters in Frankfurt am Main. (Deutsche Bank Audiovisual Services, August 6, 2015).

Last Wednesday, Deutsche Bank’s shares fell by 4.5% in the first hour of trading in Frankfurt, after the bank released its second quarter results, showing a measly profit of €20 million, in comparison to €818 million last year. The percentage fall of this stock is the biggest ever in such a brief time in the […]

European banking stress tests 2014: A more adverse approach for a shorter banking sector

Press conference by Michel Barnier, Member of the European Commission, on the establishment of a Single Resolution Mechanism for the Banking Union. (EC Audiovisual Services).

The aftermath of the financial crisis of 2007-2008 is mainly related to the banking sector. The capital adequacy of the European banks is an important aspect that European Regulation Bodies have to be aware of. During the past years the European Banking Authority (EBA) and the Committee of European Banking Supervisors are setting up simulations that […]

Trying to cure bank cancer with analgesics

Michel Barnier, Commissioner responsible for Internal Market and Services (on the left). Participation of the European Commission College at the European Parliament plenary session of 04-07/02/13. (EC Audiovisual Services).

Last week the European Central Bank issued a press release welcoming the EU Commission’s initiative to regulate the banking industry’s setting of benchmark interest rates, like the Euribor. Interbank interest rate benchmarks are systemic and vital to the entire financial system. Any failures may cause losses for investors, distort the real economy and undermine market […]

A new European banking space is born this year

José Manuel Barroso, President of the EC, Olli Rehn, Vice-President of the EC in charge of Economic and Monetary Affairs and the Euro (left), and Michel Barnier, Member of the EC in charge of Internal Market and Services (right), gave a joint press conference on the blueprint for a deep and genuine Economic and Monetary Union (EMU). (EC Audiovisual Services).

The year 2013 can be termed as the European banking year, after the last EU Summit of heads of governments and states decided on 13 December to create a unified bank supervision and auditing space, under the European Central Bank in 24 out of the 27 countries, at the exemption of Britain, Sweden and the […]