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Financial Services

Latest news and analysis on the intersection of financial policy, politics and regulation.
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‘Pfizergate’ verdict: EU Commission wrong to block access to von der Leyen’s secret texts

General Court judgment could have huge repercussions for Commission president. It’s a “slam dunk” for transparency, says MEP.

May 14, 2025 9:37 am CET

Macron: EU readying new Russia sanctions ‘in coming days’

The president addressed numerous issues, including questions about France’s country’s nuclear arsenal, in a TV interview on Tuesday.

May 13, 2025 9:25 pm CET

EU farm boss tries to lock in wins ahead of difficult budget talks

European lawmakers and environmentalists also warn that slashing red tape might do more harm than good to farmers having to cope with climate change.

May 13, 2025 6:46 pm CET

EU should open door to US on defense despite Trump, says Lithuanian minister

Severing ties with Washington would cause trouble for Russia’s EU neighbors, Finance Minister Rimantas Å adžius said.

May 13, 2025 5:06 pm CET

UK wants more say over fate of €200B in frozen Russian assets

The Brits believe transferring the assets into a special fund would be a step toward outright seizure.

May 12, 2025 8:11 pm CET

US and China slash tariffs as trade war cools

Donald Trump’s team cuts tariffs to 30 percent, while China slashes its levies to 10 percent. Now they have 90 days to do a deal.

May 12, 2025 9:37 am CET

European leaders win Trump’s support to pressure Putin on unconditional ceasefire

French President Emmanuel Macron called the U.S. president on his mobile phone to brief him on the discussions in Kyiv.

May 10, 2025 6:24 pm CET

How Macron is playing hardball as Starmer strives for EU reset

While the French and the British have been working hand-in-hand on Ukraine, behind the scenes things haven’t been so harmonious.

May 8, 2025 4:23 am CET

Klingbeil, Pistorius, Bas … German Social Democrats reveal ministers for Merz Cabinet

Germany’s junior coalition partner hands key ministries to familiar faces — and springs a few surprises.

May 5, 2025 9:51 am CET

French PM considering referendum on budget plans

“The question is serious enough, with far-reaching consequences for the country’s future, that it should be put directly to the people,” Bayrou tells Journal du Dimanche.

May 4, 2025 12:05 pm CET

Global financial rule-makers risk losing relevance if Trump pulls back entirely

Without the firepower of the U.S., global regulators would be hamstrung in their efforts to contain a future financial crisis.

May 2, 2025 4:45 am CET

16 countries to ask EU for fiscal leeway to spend big on defense

Germany is the only one of Europe’s big five economies to take up the EU executives offer.

April 30, 2025 10:38 pm CET
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Germany’s center-left leader will be finance minister in the Merz government

SPD chief Lars Klingbeil steps into Germany’s most powerful ministry as his party joins a conservative-led coalition.

April 30, 2025 11:24 am CET

Eurozone economy grows faster than expected in rush to get ahead of Trump tariffs

Spain was easily the top performing major economy in the eurozone.

April 30, 2025 11:14 am CET

Mediobanca rebels at Rome’s efforts to force it into a shotgun marriage

Counter-attack by Milan-based bank deals blow to plans for a ‘third pole’ in Italian banking.

April 29, 2025 3:37 pm CET

Power cut leaves card users in the lurch in Spain, Portugal

Despite the dash for cash, Spain’s core settlement infrastructure continues to operate normally, says the Bank of Spain.

April 28, 2025 6:22 pm CET

Germany triggers EU’s emergency clause for defense spending

Acting Finance Minister Jörg Kukies also pushes for wider definition of security investment.

April 28, 2025 2:14 pm CET

Merz announces first German Cabinet choices

Germany’s chancellor-in-waiting hands key ministries to CDU veterans and business figures, setting the tone for a more conservative, security-focused government.

April 28, 2025 10:06 am CET

Battle over top Italian insurer Generali pits oligarchs against Milan elite

A fight for control over a vast chunk of Italy’s debt pile tests Rome’s influence and could reshape the Italian financial system.

April 28, 2025 4:46 am CET

EU governments consider appeasing Trump on global minimum tax

Capitals fear retaliation from the U.S. and are considering changing the rules to grant American companies an exemption from a crucial provision of the global tax deal.

April 28, 2025 4:00 am CET

Italy harbors doubts about hitting 2 percent NATO target

Rome outwardly says it can easily reach politically unpopular defense spending targets without cutting vital services.

April 24, 2025 4:30 am CET

Europe’s debt set to surge again in new era of uncertainty, IMF warns

But the Fund gives its implicit backing to Chancellor Rachel Reeves’ plans to stabilize U.K. public finances.

April 24, 2025 4:30 am CET

Trump: ‘No intention’ of trying to fire Fed’s Powell

Trump has repeatedly called on the Fed to cut borrowing costs, which would help boost the economy ahead of a potential hit to growth from tariffs.

April 23, 2025 6:06 am CET

Hermès to open new French factory as rival LVMH threatens Trump-inspired US move

The Birkin bag-maker doesn’t seem as put off by the threat of U.S. tariffs as its chief rival does.

April 22, 2025 6:28 pm CET
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