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European banks struggle to meet rising demand for cryptocurrency services
A recent survey highlights a significant gap between the rising demand for crypto services among European investors and the slow adoption by banks. While Europe has 63 banks offering crypto services, this is a small fraction of the banking sector, with many institutions still hesitant due to regulatory uncertainties. However, some banks, like BBVA and Clearstream, are beginning to adapt by introducing crypto trading and custody services, indicating a potential shift in the financial landscape as investor interest grows.
Santander president calls for banks to invest in defense sector
Ana Botín, chairwoman of Santander, has called for European banks to utilize their capital buffers to invest in the defense sector amid rising geopolitical tensions. She emphasized the urgent need for Europe to rearm and suggested that releasing these funds could significantly boost private investment in defense, which has been historically limited. Botín's remarks highlight a shift in perspective on financing defense, urging a reevaluation of regulatory frameworks to support this critical area.
santander chair calls for banks to use capital buffers for defense investment
Ana Botin, chair of Santander, has called on EU authorities to allow banks to utilize capital buffers for investments in the defence sector, highlighting the urgent need for Europe to bolster its military capabilities amid rising geopolitical tensions. She emphasized that releasing these buffers could unlock hundreds of billions for private sector investment, urging a shift in the regulatory framework to support defence financing, which has historically been minimal in Spain. Botin's remarks follow a broader call for Europe to enhance its independence in defence and complete its banking union.
no stabilisation carried out for ontex group nv securities offering
BNP Paribas announced that no stabilisation was carried out for the EUR 400 million offer of Ontex Group NV's 5.25% securities due April 2025. The announcement clarifies that the securities are not available for sale in the United States and have not been registered under the U.S. Securities Act.
BNP Paribas reports no stabilisation actions for Ontex Group bonds
BNP Paribas has reported no stabilisation actions for Ontex Group NV's recently issued EUR 400 million securities, which carry a 5.25% yield due in April 2025. The absence of stabilisation measures indicates that the market for these securities remained stable post-issuance. Additionally, the securities are not registered under the U.S. Securities Act of 1933, prohibiting their offer or sale in the United States without proper registration or exemption.
santander and bbva seek better capital treatment from european central bank
Santander and BBVA are negotiating with the European Central Bank (ECB) for more favorable capital treatment of their insurance business stakes, which currently count as deductions from capital for most Spanish banks. The ECB's "Danish commitment" allows certain banks to risk-weight these investments instead. This comes amid a broader trend of banks seeking growth through insurance to counteract declining interest margins.
Santander and BBVA pursue favorable capital treatment from European Central Bank
Santander and BBVA are reportedly seeking favorable capital treatment from the European Central Bank (ECB), as highlighted by Cinco Dias. This move indicates the banks' efforts to enhance their capital positions amid regulatory scrutiny.
santander and bbva seek better capital treatment from european central bank
Spanish banks Santander and BBVA are in talks with the European Central Bank (ECB) to secure more favorable capital treatment for their insurance holdings, which currently count as direct capital deductions for most banks. The ECB's 'Danish compromise' allows certain banks to risk-weight these investments instead. This comes as banks seek new growth avenues amid declining interest rates, with the ECB recently denying Banco BPM's request for similar capital treatment for its acquisition plans.
santander and bbva negotiate with ecb for better capital treatment
Santander and BBVA are in talks with the European Central Bank (ECB) to secure more favorable capital treatment for their insurance holdings, which currently count as direct capital deductions for most Spanish banks. The ECB's 'Danish compromise' allows certain banks to risk-weight these investments instead. This comes as banks seek new growth avenues amid declining interest rates, with the ECB recently denying Banco BPM's request for similar capital treatment for its acquisition of fund manager Anima.
fnac darty sa announces no stabilisation for recent securities offering
BNP Paribas announced that no stabilisation was carried out for the EUR 300 million securities offering by FNAC DARTY SA, which features a 4.75% coupon maturing in April 2032. The securities are not registered under the U.S. Securities Act and cannot be offered or sold in the U.S. without proper registration or exemption.
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