Things are looking up for banks in Cyprus, as the financial sector and economy recover. But a difficult journey still lies ahead with NPLs still high and calls for consolidation among the country's banks growing louder.
Latest articles from Western Europe
Two months after finalising Haitong Securities' acquisition of Novo Banco's investment banking unit, now called Haitong Bank, the parent company's deputy CEO and the UK head of the new bank talk about the acquisition, their international growth plans and what a jittery renminbi means to them.
A dearth of greenfield infrastructure opportunities combined with unsupportive governments have burst the public-private partnership bubble in western Europe, with deal flow decreasing dramatically from its peak in 2007. Stefanie Linhardt reports on whether this trend will prove to be terminal.
Low interest rates and global market volatility are encouraging Italians to demand better returns from their private banks. How are wealth managers responding? Silvia Pavoni reports.
London is the top performer in a far-from vintage year for attracting foreign investment to European financial centres, as well as being the leader for outbound investment.
There is a real chance that the Greek economy could recover significantly in 2016 following the successful recapitalisation of its main banks late last year, but first the country must take some important steps, not least regaining the trust of foreign investors, according to John (Iannis) Mourmouras, the senior deputy governor of the Bank of Greece.
Since the 2008 financial crisis, European banks have shed a significantly higher proportion of their workforce than their counterparts in the US.
Banks have seen their reputations plummet in the years since the onset of the financial crisis, and regaining the public's trust is of paramount importance. By instilling a code of conduct – and including four principles of good conduct within that – financial institutions can start on that journey.
The knee-jerk reaction from Germany overlooks the potential benefits of an EU-wide deposit insurance scheme for the whole European banking system.