{
}
Turkey's new mandate requires money-market funds to allocate at least 10% of their portfolios to government bonds, which will direct approximately 100 billion liras ($2.9 billion) into Treasury debt. Currently, these bonds constitute less than 2% of the funds' total assets, which amount to 1.18 trillion liras. This shift is expected to increase demand for short-term securities.
Europe's largest banks by market capitalization are led by HSBC, UBS, and Santander. If Unicredit successfully acquires Banco BPM, it will surpass Santander, becoming the third largest bank in Europe and the largest in the eurozone. The current rankings are: 1) HSBC - €157 billion 2) UBS - €105.7 billion 3) Santander - €68.2 billion 4) Intesa Sanpaolo - €64.1 billion 5) BNP Paribas - €64 billion 6) Unicredit - €60 billion 7) BBVA - €53 billion.
Spanish Prime Minister Pedro Sanchez is escalating tensions with the nation's largest banks by increasing the windfall tax on Santander and BBVA. The coalition government successfully extended the levy, initially a one-time charge, through Parliament with support from a far-left party, despite its impending expiration at the year's end.
BBVA is committed to ensuring continued access to banking services as it seeks to alleviate concerns from authorities regarding its potential acquisition of Banco Sabadell SA. The Spanish antitrust authority, CNMC, has extended its review of the deal, focusing on potential impacts on financial conditions for small and mid-sized businesses.
BBVA
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
turkey mandates money-market funds to invest in government bonds
11:49 25.11.2024
europe's largest banks ranked by market capitalization as of today
British Pound Sterling
Euro
Swiss Franc
Banco Santander, S.A.
BNP Paribas SA
HSBC
UniCredit S.p.A.
BBVA
UBS
Intesa Sanpaolo S.p.A.
ITA
CHE
ESP
GBR
Andrea Orcel
Show more
11:16 25.11.2024
Spanish government increases windfall tax on major banks Santander and BBVA
10:29 22.11.2024
bbva commits to maintaining banking access amid sabadell takeover concerns
10:15 21.11.2024
Trending
Subcategory
Startups & Entrepreneurship
Industry Trends
Corporate News
Private Equity Deals
Retail and Consumer Goods
Supply Chain Management
Global Trade Developments
CEO Changes
Government Economic Policies
Corporate Social Responsibility
Industry Mergers & Acquisitions
Workplace Trends
Energy Sector Developments
Venture Capital Investments
Fintech Startups
Finance Mergers & Acquisitions
AI Innovations
Market Analysis and Predictions
Intellectual Property Laws
Central Bank Actions
Countries:
Companies:
Apple Inc.
NVIDIA Corporation
Google Inc.
Amazon.com, Inc.
Tesla, Inc.
Salesforce, Inc.
Garuda Aerospace Ltd.
Huawei Technologies CO. Ltd.
Bharti Airtel Ltd.
XPeng Inc.
Microsoft Corporation
Venturewave Capital NO.1 Ltd.
Semler Scientific, Inc.
TENCENT
Wipro Ltd
OpenAI ERC USD
Orange S.A.
IDBI Bank Limited
Standard Chartered Bank
LENOVO GROUP
Currencies:
United States Dollar
Indian Rupee
Chinese Yuan
Euro
Saudi Riyal
Japanese Yen
Malaysian Ringgit
British Pound Sterling
Mexican Peso
Brazilian Real
New Taiwan Dollar
Bahraini Dinar
Qatari Riyal
Pakistani Rupee
Kuwaiti Dinar
Vietnamese Đồng
South Korean Won
Algerian Dinar
People:
Donald Trump
Mark Zuckerberg
Bisrat Degefa
He Xiaopeng
Abdel Fattah El-Sisi
Anmol Singh Jaggi
Puneet Singh Jaggi
Sari Sabban
David Watkins
Simon Moon
Anas Algahtani
Matt Jones
Ayman Hamdan
Elon Musk
Allen Law
Xi Jinping
Anwar Hussain
Sultan Ibrahim ibni Sultan Iskandar
Prashant Joshi
Albinder Dhindsa