JPMorgan’s chief executive Jamie Dimon cautioned the UK authorities that raising bank taxes would risk employment and cause capital flight from the UK.
The German investment bank M.M. Warburg faced a tax evasion scandal involving cum‑ex share trades. For the first time, the tax official who supervised the bank’s tax affairs will appear in court as a defendant.
Talanx reported a good first half of the year, with claim costs falling below expectations, leading the insurer to raise its outlook and anticipate beating its full‑year earnings target.
The Digital Pound Lab of the Bank of England carried out a trial of a cross‑border trade‑finance transaction, using a stablecoin for the payment leg and a simulated digital pound for settlement, to explore interoperability between private‑sector stablecoins and the future UK central bank digital currency.
Stadtsparkasse Langenfeld announced the departure of its long‑standing CEO Dirk Abel after a controversy involving a flight incident. The bank released a statement that showered Abel with praise, but did not disclose any financial implications of the separation.
Volksbank Kleverland, a German cooperative bank, requires support from the sector’s guarantee scheme because it has to write down loans that it cannot absorb without external help
Following a court ruling and prolonged frustration among staff, the Deutsche Bundesbank has decided to offer fee‑free checking and depot accounts to its workforce and retirees, closing the controversy over account charges.
Aareal Bank, a German real‑estate financier that has not been listed on the stock exchange since 2023, may consider a re‑listing according to CEO Christian Ricken, who also mentioned other possible strategies.
The Federal Reserve granted approval for Spain’s Banco Santander to purchase U.S. lender Webster Bank, setting a deadline of 15 days to three months for the transaction to close, thereby expanding Santander’s footprint in the United States.
Italy’s largest bank, Intesa Sanpaolo, increased its staked Ether ETF holdings to $7.1 million while cutting its positions in two spot Bitcoin ETFs.