Societe Generale SA Chief Executive Officer Slawomir Krupa replaced several top managers as he seeks to draw a line under a disappointing performance at the French retail business.
BlackRock Inc. Chief Executive Officer Larry Fink urged Europe to continue unifying its banking market, while stopping short of commenting on a potential combination of Commerzbank AG and UniCredit SpA.
An influential Commerzbank AG investor urged the lender to engage in talks with UniCredit SpA, as the government in Berlin acknowledged there’s little it can do should the Italian rival continue to raise its stake.
BNP Paribas SA agreed to buy HSBC Holdings Plc private banking operations in Germany, as the French lender seeks a bigger slice of the nation’s growing market for wealth management.
Societe Generale SA took another step toward reducing its business in Africa, joining a long list of European lenders who have retreated from the continent.
JPMorgan Chase & Co. has hired Daniel Llano Manibardo as head of consumer banking for Germany as it forges ahead with plans to launch a digital retail offering in the country.
The German government plans to cut its stake in Commerzbank AG as it seizes on a recent share rally to initiate an exit from the lender it rescued over a decade ago.
BBVA’s hostile takeover bid for rival Banco Sabadell has been approved by a UK supervisor, one of several key regulatory hurdles it needs to clear before Sabadell shareholders can vote on the deal.