European Union

U.S. scolds Europe for targeting territories on dirty-money list


The European Union drew a rebuke from the U.S. for including Puerto Rico, the U.S. Virgin Islands and other overseas territories on a blacklist of 23 jurisdictions posing higher risks of money laundering and terrorist financing.


Deutsche Bank watchdogs said to favor Europe deal for lender


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.


EU’s new data privacy law creates headaches for U.S. banks


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.


Last-minute regs may compound balance-sheet woes of Europe's banks


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.


Banks may face extra $50B capital needs after Brexit


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 Oliver Wyman Inc.


Bank of America chooses Dublin as post-Brexit EU hub


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


JPMorgan's Dimon says EU may force more Brexit moves


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.


Breaking Banks: EU fintech superheroes


Interviews with entrepreneurs and techies at the Money2020 Europe conference.


Germany's top regulator on international cooperation, blockchain, capital requirements


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 systems.


Why there's a gold rush for bank tech in Europe


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