The German savings banks, which together with the state of Lower Saxony rescued NordLB in 2019, are not planning to sell their stakes in the Landesbank for now, citing the need for further discussions after a planned sale collapsed.
The Bavarian credit institution Bankhaus RSA required significantly higher support from the BVR protection scheme than previously known, receiving almost €450 million in guarantees due to a large portfolio of non‑performing loans.
Pro‑EU Prime Minister Donald Tusk has blocked nominees to Poland’s central bank that were backed by Eurosceptic President Karol Nawrocki, highlighting a political struggle over the bank’s leadership
A former board chairman of Fideuram Bank fell victim to a sophisticated AI‑based fraud on WhatsApp, leading to a €95 million transfer and a net loss of €36 million after partial recovery. The incident highlights growing cyber‑risk challenges for European banks.
The German financial supervisors BaFin and the Bundesbank have stress‑tested 1,113 banks, finding that a severe economic contraction could endanger dozens of savings and cooperative banks in Germany.
In an interview, Berenberg’s interim chief executive Hans‑Walter Peters expressed appreciation for the supervisory authorities’ intervention after the bank’s balance‑sheet scandal, highlighted ongoing clean‑up progress, and indicated that a new management team could be installed next week, while acknowledging that the scandal will have lasting repercussions.
The shareholders’ meeting of Volksbank Braunschweig Wolfsburg approved its annual accounts and backed a support package. The BVR’s protection scheme will provide assistance, and the bank announced the appointment of a new chief executive.
CaixaBank’s Portuguese arm is offering a mortgage with a rate that rises 1% annually, aiming to win younger borrowers in a competitive environment.
Following the financial distress of multiple cooperative banks, the institutions are reviewing whether former executives can be held liable for the support measures taken, and are assessing possible compensation claims.
Danske Bank said it will keep reducing staff over the next few years, driven by changing customer behavior and a shift toward AI and digital tools across the lender.