European Banking News
European Banks Prepared for a Crisis. But Not This One.

The financial impact of the coronavirus surpasses the old worst-case scenarios, threatening a credit crunch or even a new financial crisis. FRANKFURT — It was supposed to be a drill. Government overseers would test whether European banks could survive a hypothetical perfect storm that included a steep economic downturn, plunging stock prices and a collapse in consumer spending. But before bank regulators could begin their planned stress test this year, they were confronted with the real thing. The financial impact… (Continua a leggere)

Generational Communication Gaps & Building Strong Leadership

What leaders need to know about the relationship between technology, a multi-generational workforce, and building successful streams of communication and leadership teams. What leaders need to know about the relationship between technology, a multi-generational workforce, and building successful streams of communication and leadership teams. The importance of creating a work environment that is both conducive to the vast array of generations while making the best possible use of today’s talent is imperative to the advancement of society as a whole…. (Continua a leggere)

Deutsche Bank Financial Advisors, due nuovi ingressi nella rete

Deutsche Bank Financial Advisors, la rete dei consulenti finanziari del Gruppo Deutsche Bank, annuncia l’ingresso di Francesco Zugaroni e Alessandro Litrenta, due professionisti che hanno condiviso il progetto della rete e che contribuiranno al suo sviluppo per rispondere alle esigenze di clienti privati, famiglie e imprese. Zugaroni, spiega una nota, ha intrapreso la carriera di consulente finanziario in Finanza & Futuro Banca, dove era approdato nel 1994. Successivamente, dal 2001, ha fatto parte del network di Area Banca e poi, dal 2009, di Allianz… (Continua a leggere)

EBA publishes Guidelines on treatment of public and private moratoria in light of COVID-19 measures

Following the publication of its statement on the application of the prudential framework regarding default, forbearance and IFRS9 in light of COVID-19 measures, the European Banking Authority (EBA) published today more detailed guidance on the criteria to be fulfilled by legislative and non-legislative moratoria applied before 30 June 2020. The aim of these Guidelines is to clarify the requirements for public and private moratoria, which if fulfilled, will help avoid the classification of exposures under the definition of forbearance or… (Continua a leggere)

Italy working on concrete Eurobond proposal-Gualtieri (3)

Rome, April 1 – Italy is working on a “concrete” proposal for Euro bonds to help offset the economic impact of the coronavirus, or ‘coronabonds’, Economy Minister Roberto Gualtieri told the House on Wednesday. Gualtieri welcomed the European Commission’s “proposal to issue common bonds to support the unemployment subsidies of member States” during the crisis. He said this was an “innovation that Italy has backed for some time” and called it a “first step” in an EU response to the… (Continua a leggere)

European regulator urges banks to comply with dividend ban

Payout policy should support local and European economies in time of crisis, says EBA. Europe’s banking regulator has demanded that all EU lenders stop their planned dividend payments and share buybacks — stepping up its guidance in line with the latest call for a payout freeze during the coronavirus pandemic by the European Central Bank. In a series of statements issued late on Tuesday, the European Banking Authority said it now “urges all banks to refrain from dividends distribution or share… (Continua a leggere)

Stop ai dividendi, le mosse delle banche in Italia e in Europa

Dopo Unicredit, Mediolanum e Generali che hanno già annunciato la sospensione delle cedole, si definiranno nelle prossime ore le mosse degli altri istituti. Sia in Italia che in Europa Si definiranno nelle prossime ore le mosse delle banche italiane sul tema del dividendo. Da Intesa Sanpaolo a Ubi, da BancoBpm a Bper, tutti i Cda sono pre-allertati per discutere e prendere posizione rispetto alle raccomandazioni arrivate venerdì sera dalla Vigilanza Bce. Con una mossa mai vista prima, Francoforte ha chiesto a… (Continua a leggere)

European Banks Are Asked to Suspend Dividends. Could U.S. Banks Be Asked the Same?

The European Central Bank is asking banks to suspend dividend payments through October to preserve lending capacity during the coronavirus crisis, a call that comes about two weeks after a group of eight big U.S. banks suspended their own stock buybacks to conserve capital. The ECB, in a statement Friday, said the recommendation “concerns dividends for 2019 and 2020, at least until” October of this year. It said that its recommendation to forgo dividends was “to boost banks’ capacity to absorb losses… (Continua a leggere)

European Banking Federation urges banks to refrain from paying dividends

Banks should refrain from paying dividends or launching share buybacks in order to preserve capital and keep lending to an economy hit by the coronavirus pandemic, the European Banking Federation (EBF) has said. “For 2020 the EBF believes that listed banks should not accrue dividends or undertake share buybacks so as to maintain maximum capital preservation and bank boards will be deciding on dividend policy and any distribution amounts at year-end,” the EBF said in a letter on Thursday evening to… (Continua a leggere)

COVID-19: The Outlook for European Banks

As more European countries go into lockdown to combat the coronavirus pandemic, analysis shows where the strains will hit the continent’s banking sector Europe’s banking sector is expected to be a “key piece of the puzzle” in the continent’s battle against the spread of the COVID-19 coronavirus, according to Scope Ratings. The Berlin, Germany-based ratings agency said senior debt bail-ins such as those seen during the 2007-09 financial crisis were “extremely unlikely”, despite some banks having already issued profit warnings. More profit… (Continua a leggere)