JPMorgan sees Germany as an "interesting market" for a possible expansion of its consumer business but no decision has yet been made, an executive said on Thursday.
German finance minister Christian Lindner on Thursday sought to damp speculation about the government's stake in Commerzbank that it acquired during a bailout more than a decade ago.
Lloyd's of London (SOLYD.UL) has set aside 1.1 billion pounds ($1.26 billion) to pay claims related to the war in Ukraine, the commercial insurance market said on Thursday, as it recorded a first-half pre-tax loss of 1.8 billion pounds.
Citigroup Inc has hired Derek McNulty as head of North America chemicals investment banking in the company's banking, capital markets and advisory unit, according to an internal memo seen by Reuters on Wednesday.
The rise of fintech services and digital banking could spur financial risks and potentially a crisis over the long term, Michael Hsu, Acting Comptroller of the Currency, a major U.S. bank regulator, warned on Wednesday.
UniCredit Chief Executive Andrea Orcel said on Wednesday Italy's second biggest bank expected a "relatively shallow" recession in Europe followed by a rebound in 2024 or later.
British lender Barclays on Wednesday appointed Standard Chartered's Daniel Hanna as its global head of sustainable finance for the corporate and investment bank to help deliver its climate strategy.
Deutsche Bank chief Christian Sewing, painting a bleaker assessment of the German economy, warned on Wednesday that China was a considerable risk for the nation and that Europe needed big banks to fend off American competitors.
