News Topic: European Union
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EU heightens pressure on Apple Pay to open up
Germany is stalling EU efforts to broaden Russia’s Swift ban
EU seeks to block seven Russian banks from Swift, including VTB
Why the U.S. and Europe trail China in central bank currency race
New EU tax rules stand to stimulate cross-border payments for U.S. merchants
European central banks cut out consumers to fast-track digital currency
Why Visa is taking another swing at buying a data aggregator
How Europe's open banking law is helping small businesses
EU wants banks to adopt digital wallet, but it's a tough sell
How open banking is transforming financial services in Europe
Post-Brexit interchange fee plan prompts outcry from U.K. merchants
EU proposes restrictions on AI in credit scoring, authentication
How open banking can transform the U.S. payments market
U.S. banks and payment companies are looking to Europe's example to see how open banking can push the market beyond its reliance on credit and debit cards. ... Read full article
Banks told by EU to take climate change into account in lending
European authorities have told banks for the first time to take account of environmental risks in lending decisions, ramping up pressure on the financial industry to respond to climate change. ... Read full article
European banks dangle payouts as pressure to boost capital eases
The 10 largest publicly traded euro-area lenders will see their capital requirements stabilize in 2020 after years of increases, according to recent filings. That may create space for higher dividends and buybacks, bolstering banking stocks. ... Read full article
Bitcoin ATMs show gap in EU's money laundering rules, police say
A Spanish effort to prosecute a gang that used Bitcoin automated cash machines suspected of being a front for illegal-drug payments has exposed a hole in European anti-money-laundering controls, law enforcement authorities in the country said. ... Read full article
Don’t drop the ball on trans-Atlantic cooperation
The U.S. and Europe should continue to harmonize their banking rules, including for foreign banking operations, just as they did in the wake of the financial crisis. ... Read full article
Visa, Mastercard finalize EU card probe with fee cut pledge
Visa Inc. and Mastercard Inc. ended nearly two decades of European Union antitrust scrutiny with a pact that requires them to reduce fees for foreigners shopping in the region. ... Read full article
Apple Card raises pressure on banks — and fintechs
The new Apple Card wasn't just one product of many announced at the Steve Jobs Theater on Monday — it was the glue that binds all of Apple's new services together. ... Read full article