Tag: banks

European banks’ (and Unicredit’s) record: 100 billion profit in 2023

European banks’ (and Unicredit’s) record: 100 billion profit in 2023

Given high interest rates and a credit crunch, 2023 has been a tough year for those with or trying to get a variable mortgage. But on the other side of the fence are those who can crack open the champagne bottles and obtain dream dividends and bonuses for shareholders and employees: Europe’s leading banks have […]

US banks could lose $35 billion as a result of the capital rules

US banks could lose $35 billion as a result of the capital rules

Basel III is a set of internationally agreed measures that… Basel Committee on Banking Supervision developed in response to the 2007-2009 financial crisis, with the aim of strengthening bank regulation, supervision and risk management. The members of the committee are the central banks, which monitor compliance with the rules. Each country decides how to apply […]

There is important news about bank transfers

There is important news about bank transfers

The cost of instant transfers cannot be higher than regular transfers. This was created by the European Parliament, which recently gave the green light to a package of rules to protect customers. . The text, which has already been agreed with governments, updates the existing rules of the single euro payments area (SEPA). The new […]

Messina (Intesa Sanpaolo): Interest rates fall in the second half of 2024

Messina (Intesa Sanpaolo): Interest rates fall in the second half of 2024

Inflation and interest rates. Public accounts and debts. Growth prospects and inequalities. The next 12 months for the bank that has been in power for 10 years. The opportunity to kick off the World Economic Forum (Wef) in Davos, Switzerland was seized by Carlo Messina, CEO of Intesa Sanpaolo, to express his expectations and judgments […]

Messina (Intesa Sanpaolo): Interest rates fall in the second half of 2024

Messina (Intesa Sanpaolo): Interest rates fall in the second half of 2024

Inflation and interest rates. Public accounts and debts. Growth prospects and inequalities. The next 12 months for the bank that has been in power for 10 years. The opportunity to kick off the World Economic Forum (Wef) in Davos, Switzerland was seized by Carlo Messina, CEO of Intesa Sanpaolo, to express his expectations and judgments […]

Anger from EU to ESM: “The only country that blocks it is Italy, it’s deplorable”

Anger from EU to ESM: “The only country that blocks it is Italy, it’s deplorable”

The rejection of the proposal by the Italian Parliament provoked the anger of Brussels, which could no longer advance the reform because of our no decision. Eurogroup President Paschal Donohoe stated that he was “saddened” by the result and that Italy “remains the only country blocking” the vehicle reform and that this is “regrettable”. “I […]

Expectations vs. reality So the government stopped taxing the banks Salvini and Meloni wanted to attack the “billions of profits” of the banking sector in order to finance the mortgages of the first houses and reduce the taxes of the Italians: it did not work out that way

Expectations vs. reality So the government stopped taxing the banks Salvini and Meloni wanted to attack the “billions of profits” of the banking sector in order to finance the mortgages of the first houses and reduce the taxes of the Italians: it did not work out that way

The date is August 7, 2023, and Giorgia Meloni’s deputy and Transport Minister Matteo Salvini makes an unexpected announcement: banks will be taxed on their “extra profits”. Everything happens at the post-Council of Ministers press conference, where Meloni and, above all, Economy Minister Giancarlo Giorgetti are missing. Salvini describes the new tax as “a measure […]

“Stop automatic switching of customers from Intesa Sanpaolo to Isybank”

“Stop automatic switching of customers from Intesa Sanpaolo to Isybank”

There is no automatic transfer from Intesa Sanpaolo to Isybank; customers will choose whether to keep the old account or move to the group’s new all-digital reality. The Competition and Markets Authority is intervening by imposing an automatic transmission suspension to protect the 2.4 million customers involved in the operation. In this way, account holders […]

Bankers’ salaries will increase by over 400 euros per month

Bankers’ salaries will increase by over 400 euros per month

It is being done to renew the new national banking agreement, which expired at the end of last year. Abi and the unions reached an agreement on a monthly increase of 435 euros in the salaries of 280 thousand employees of Italian banks. The salary increase is supposed to start in early December, with some […]

Meloni punishes banks by strengthening them

Meloni punishes banks by strengthening them

Meloni punishes banks by strengthening them Mario Seminerio 25 September 2023 10:33 Facebook excitement What’s up Eventually the Meloni government gave in: the tax on so-called extra bank profits, which is actually based on extra interest margin, looks revolutionary with the introduction of the latest amendment stipulating that this tax can be used. Strengthening the […]

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