News Topic: European Union

Deutsche Bank's key regulators would prefer the lender merge with a European rival rather than local competitor Commerzbank, setting them apart from forces in the government keen on an all-German deal. ... Read full article

It's not just big banks. Even U.S. community banks may be subject to the General Data Protection Regulation given the boundlessness of digital commerce. ... Read full article

The latest draft of EU securitization rules would ban securitization of loans where borrowers certified their own income, raising concerns about banks’ ability to unload roughly $1 trillion of nonperformers. ... Read full article

Banks may need to find $30 billion to $50 billion of additional capital to support new European units in the aftermath of a hard Brexit, and some smaller firms may abandon their operations on the continent altogether as profitability plunges, according to ... Read full article

Bank of America has picked Dublin to locate its main European Union hub in preparation for Britain quitting the bloc in 2019. ... Read full article

JPMorgan Chase CEO Jamie Dimon said European Union officials could force London-based firms to move substantially more employees abroad than planned if they demand additional banking operations be performed inside the bloc. ... Read full article

Interviews with entrepreneurs and techies at the Money2020 Europe conference. ... Read full article

Andreas Dombret, the head of banking supervision for the German central bank, discusses how cooperation remains vital despite retrenchment in the U.S. and Europe, how blockchain changes banking, and the difference between the German and U.S. banking ... Read full article

Sweeping new data-sharing rules require a substantial IT revamp at large financial institutions. ... Read full article

Societe Generale is working with Microsoft and Amazon.com to become one of the first large European banks to adopt cloud computing for the bulk of its operations. ... Read full article