Laura Noonan

Banks and finance firms should combine their buying power to avoid losing out in negotiations with US tech giants, according to raft of Dutch proposals aimed at tackling Europe’s over-dependence on foreign providers of critical services such as AI and cloud computing.

Europe’s executive arm is weighing more impactful changes to its banking rulebook after initial proposals for its competitiveness package prompted criticism from the industry and some jurisdictions.

The European Union’s top financial services official has downplayed the prospect of completely axing a contentious bank capital rule slated for review, hinting instead at more temporary changes to address the immediate needs of Europe’s economy.

Revolut Ltd.’s second European Union banking hub in France is likely to launch with similar restrictions on new products to those already weighing on its existing entity in Lithuania, according to people with knowledge of the matter.

BNP Paribas SA has been asked by the European Central Bank to explain its plans for a smooth management transition when it replaces long-term Chief Executive Officer Jean-Laurent Bonnafe.

The European Union’s possible abandonment of a linchpin of global capital reforms in a bid to help its lenders compete with Wall Street would be a “disaster,” according to the recently departed head of the Basel Committee on Banking Supervision.

Growth-hungry EU governments want citizens to buy equities, and financial firms are looking for a piece of the action.

Bankers in Europe are increasingly hopeful their regulatory constraints will ease

(Bloomberg) -- Slawomir Krupa, chief executive officer of France's Societe Generale SA, keeps a magnet on his desk.

Slawomir Krupa, chief executive officer of France's Societe Generale SA, keeps a magnet on his desk. "Stop Basel Endgame!" it proclaims, reminding him daily of the most effective bank lobbying campaign in history.