Banking and finance news
Heavily indebted companies: higher capital requirements for banks Banks will have to redo their calculations when lending to highly indebted companies.
Mortgages: monthly usury rates from February 1 The French Ministry of the Economy has approved the monthly adjustment of the usury rate, which has until now been revised quarterly. This is a temporary measure to adapt to rising interest rates...
Eurozone: growth forecasts revised upwards Economists are beginning to revise their growth forecasts for the eurozone upwards, allaying fears of recession.
Banks optimistic about resilient VSE/SME activity Reassured by the resilience of their businesses, banks show a certain optimism despite the fears of VSEs and SMEs for 2023.
French inflation slows to 5.9% in December Inflation slowed slightly in France last month, coming in at 5.9% year-on-year, compared with 6.2% in November.
Businesses face higher penalties for late payment of invoices The ECB has raised its interest rates, which should lead to an increase in the penalties due by a company for late payment of its invoice.
Dollar: markets worried about a crash in 2023 While 2022 was an exceptional year for the dollar, the world's leading currency is set for trouble in 2023.
European banks face a high cyber threat The digitization of banks, the outsourcing of services and data, and certain security flaws explain the level of cyber risk.
Cash payments decline in favor of bankcards The Covid-19 pandemic has contributed to an accelerated decline in cash, as shown by a recent survey by the European Central Bank.
ECB raises capital requirements for certain banks The European Central Bank notes that several lenders have failed to comply with its advice to reduce their exposure to leveraged loans.
Central bank communication in support of monetary policy In recent years, central banks' communications strategy has evolved considerably, particularly with regard to the general public.
Financing: companies penalized by rising interest rates In its latest annual report, the French High Council for Financial Stability (HCSF) points to a tightening of financing conditions for businesses.
Banks concerned about digital euro project The central bank's digital currency project aims to make life easier for Europeans. However, banks are not hiding their concerns.
Cyber risk: central banks face an upsurge in cyber attacks Faced with an increase in ever more sophisticated cyber attacks, banks and fintechs have stepped up their cybersecurity.
Banks commit to capping fees by 2023 Banks have pledged not to increase their charges by more than 2%, announced the French Ministry of the Economy on September 13.
Banks take steps to reduce energy consumption With the threat of electricity shortages looming over Europe this winter, banks are implementing a series of measures.
Currency shortage: Crédit Agricole Val de France blames the Banque de France The Banque de France denies having been responsible for a "currency shortage", as indicated on a Crédit Agricole Val de France poster.
ECB: towards a probable 75 basis point rate hike The likelihood of an ECB rate hike of 75 basis points as early as September 8 is growing.
Banks: back-to-school hot topics The back-to-school season promises to be a busy one for banks, who face a number of challenges in a turbulent environment.
French banks hit by Italian political crisis Moody's has placed 14 major Italian banks, including two subsidiaries of French banks, on negative outlook.
Rising interest rates: the European Central Bank sounds the alarm Faced with rising interest rates, the European Central Bank has placed 31 eurozone banks on high alert.
Companies confronted by the euro's fall against the dollar The euro has hit a 20-year low against the dollar. This fall represents an additional difficulty for companies.
LBO loans pit the financial sector against the ECB LBO loans, or leveraged buyouts, have been under fire for months from the European Central Bank, which says they are too risky.
Finance and energy transition: the ECB warns of the risk of greenwashing In its Financial Stability Report, the European Central Bank warns that the risk of greenwashing remains a major concern.
5 markers of the transformation of the corporate debt market The corporate debt market is in a state of upheaval, driven by inflation, rising interest rates and the withdrawal of the ECB.
ECB looks forward to close collaboration with future AMLA anti-money laundering agency The European Central Bank intends to work closely with the future European anti-money laundering agency.
A new presidential term in an uncertain economic climate As Emmanuel Macron prepares to begin his second term in office, France's economic situation appears highly uncertain. We take a closer look.
European Payments Initiative abandons its project for a European card payment system The European Payments Initiative (EPI), the project for a pan-European payment system, is taking a new direction, focusing solely on instant payments and digital wallets.
European banks under-report climate risks According to the ECB's assessment, the major banks in the eurozone are not sufficiently disclosing data relating to climate risks.
Bankruptcy threatens European subsidiary of Russian bank Sberbank Since the introduction of economic sanctions, coupled with massive withdrawals, bankruptcy threatens Sberbank's European subsidiary.
Bank account closures: ACPR demands explanations Neobank N26 and online bank ING have closed a number of accounts. Is this legal? Here's how.
Savings: ING closes certain French customer accounts Dutch online bank ING has closed several hundred thousand inactive accounts.
Businesses: Banque de France adopts new rating scale The Banque de France has adopted a new rating scale for assessing the financial health of companies. What does this mean?
Internationalization, the next challenge for French fintech? Despite record fund-raising in 2021, French startups are still struggling to establish their model internationally.
Penalties for non-compliance with payment deadlines? Companies that use the services of service providers must pay their invoices on time. Failure to do so may result in penalties.
Bad debts: ECB asks banks to improve provisions The European Central Bank has asked banks in the eurozone to better cover certain bad debts in order to avoid sanctions.
Environment: unsustainable investments by central banks Despite the rules they impose on private players, central banks continue to invest in polluting projects.
ECB warns of soaring property prices In its review of financial stability, the European Central Bank warned of the sharp rise in property prices.
Competition drives progress in the financial sector Banks and other financial players often benefit from competition, which leads to interesting initiatives.
Health crisis boosts bank balance sheets Bank balance sheets have risen sharply since the start of the health crisis, reaching levels not seen since 2008.
Cash: resisting the odds Despite the decline in cash transactions, the amount of euro banknotes in circulation has risen sharply in recent years.
Three banks consider pooling their ATMs The three banks Société Générale, BNP Paribas and Crédit Mutuel are considering pooling their ATMs.