Commerzbank shares fall after finance minister says govt to shed stake in future
Shares in Commerzbank fell 5% in Lang & Schwarz pre-market trade. This is after Germany’s Finance Minister said that the government would not keep its stake...
ECB tells banks to step up defences against hacks
The European Central Bank is telling euro zone banks zone to step up their defences against cyber-attacks. The ECB’s supervisor stated that this is also in...
ECB’s Kazaks says July rate hike is unlikely
The European Central Bank could end its stimulus programme earlier than planned. ECB policymaker Martins Kazaks told that it is unlikely to raise its main interest...
UBS steps into Gen Z push with $1.4 BLN Wealthfront buy
UBS has agreed to buy California-based digital wealth management start-up Wealthfront. This is in a $1.4 billion all-cash deal. This is as the Swiss...
Big Credit Suisse investor hopeful for bank’s turnaround
One of the largest shareholders of Credit Suisse hopes the bank‘s new chairman, Axel Lehmann, can steer the embattled lender through a turnaround. This is...