UniCredit submits €10 billion bid for Banco BPM November 28, 2024 UniCredit strikes again at European banking sector. It has submitted a bid for Banco BPM for 10.09 billion euros. UniCredit said it would offer…
Artificial intelligence is mostly used by European banks October 17, 2024 European banks are starting to cut staff costs by deploying AI tools, with Italy’s BPER Banca SpA one of the first to publish data…
The control of digital money by governments will be done by removing the privacy of citizens October 10, 2024 Personal data using digital money will be the means to set up a regime of absolute surveillance of citizens by governments. The issue has…
Battle for Commerzbank! September 19, 2024 The potential acquisition of Commerzbank by Italy’s UniCredit has created a strong dynamic in the European banking sector, especially in Germany. The news that…
Currency War Intensifies – The Cheap Yuan and Why Secondary Sanctions Scared China – Russia’s Plan B September 12, 2024 The battle that will not decide the outcome of the currency war – Why did China’s banks comply with the sanctions? With the threat…
The problem of shadow lenders is getting bigger, possibly leading to a new financial crisis August 15, 2024 The occasion for this specific analysis is the recent statement about the main areas of concern of the Financial Stability Board (FSB) that was…
The FED is on alert: In case a banking domino of bankruptcies begins May 9, 2024 It seems that in the US the time has come for a wave of consolidation in the banking industry. A key program that kept…
Why is it a criminal mistake to bail out bankrupt banks? February 22, 2024 Silvergate Bank, Silicon Valley Bank, Signature Bank and First Republic Bank collapsed like dominoes between March and April 2023. The United States Treasury Department,…
New York Community Bank sparks another round of bank failures February 15, 2024 The US banking system is reeling as the commercial real estate market may turn out to be as toxic as the subprime mortgages that…