Portugal’s Novo Banco has divested its Spain-based businesses, while Spanish lenders Unicaja and Liberbank have won shareholder approval for their merger.
06 April 2021
Greece’s second-largest bank, Alpha Bank, has agreed the sale of a €10.8 billion portfolio of non-performing loans to US private equity fund Davidson Kempner, following a governmental push to reduce the country’s NPL pile.
03 March 2021
The Single Supervisory Mechanism is not ready for EU banks to use their capital buffers, and needs to provide clarity on when they can dip into them, a key figure at a major European bank has told the European Banking Institute’s annual banking regulation conference.
16 February 2021
The European Central Bank’s supervisory guidance to facilitate bank consolidations in the EU has been labelled “a major disappointment”, for the absence of measures to address its own merger approval process.
13 January 2021
European finance ministers have agreed to the long-awaited reform of the EU’s bailout fund, giving it greater powers over future bailout programs and positioning it as a backstop in the case of another financial crisis.
02 December 2020
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