Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

The Royal Bank of Scotland Group plc plans to appoint Ernst & Young LLP (“EY”) as external auditor with effect from the financial year ending 31 December 2016

The Royal Bank of Scotland Group plc (“RBS”) announces today its intention to appoint Ernst & Young LLP (“EY”) as external auditor with effect from the financial year ending 31 December 2016. EDINBURGH, 4-11-2014 — /EuropaWire/ — In its 2013 Annual … Read the full press release

Prudential announces that Anthony Nightingale, CMG, is to succeed Lord Turnbull as Chairman of the Remuneration Committee from May 2015

LONDON, 3-11-2014 — /EuropaWire/ — Prudential today announces that Anthony Nightingale, CMG, is to succeed Lord Turnbull as Chairman of the Remuneration Committee from May 2015. At this time, Mr Nightingale  will also join the Nomination Committee.  Mr Nightingale has … Read the full press release

BASF Venture Capital, Swiss entrepreneur Hansjörg Wyss invest in Massachusetts based SLIPS Technologies Inc to develop customized, highly-repellent slippery surfaces for materials in a broad range of applications

SLIPS Technologies Inc. launches to develop customized, highly-repellent slippery surfaces for materials in a broad range of applications Company founded by creators of the award-winning, super-slippery, super-omniphobic technology at Harvard University and the Wyss Institute Joint development agreement between BASF … Read the full press release

World’s leading chemical company BASF and leading maker of cathode materials for lithium-ion batteries form 66%/34% joint venture for cathode active materials (CAM) in Japan

Tokyo, Japan and Ludwigshafen, Germany, 3-11-2014 — /EuropaWire/ — BASF, the world’s leading chemical company, and TODA KOGYO CORP., an industry leader in the development and manufacture of cathode materials for lithium-ion batteries, have agreed to form a joint venture for cathode … Read the full press release

Lloyds Bank research: The number of property sales worth at least a million pounds is at a record high

46% increase in million pound property sales from H1 2013 Premium property sales out-perform under £1m market* LONDON, 3-11-2014 — /EuropaWire/ — The number of property sales worth at least a million pounds is at a record high, according to … Read the full press release

Deutsche Bank secures additional USD 12 million financing from private sector investors for the Microfinance Enhancement Facility

Frankfurt am Main / Luxembourg, 31-10-2014 — /EuropaWire/ — Deutsche Bank has successfully secured additional USD 12 million financing from private sector investors for the Microfinance Enhancement Facility (MEF). This will enable MEF to grant up to 3,300 additional loans to micro … Read the full press release

Deutsche Bank appoints Bryan Kraft as Director and lead U.S. media, cable and satellite research analyst

NEW YORK, 31-10-2014 — /EuropaWire/ — Deutsche Bank today announced that Bryan Kraft has joined as a Director and lead research analyst covering the United States media, cable and satellite sectors within the Bank’s Markets division. He is based in … Read the full press release

BNP Paribas Wealth Management honoured at the 2014 Global Private Banking Awards and at the 24th Private Banker International Global Wealth Summit & Awards

PARIS, 31-10-2014 — /EuropaWire/ — BNP Paribas Wealth Management has been given high distinction at the 2014 Global Private Banking Awards organised by the Financial Times Group (Professional Wealth Management /The Banker magazine) in Geneva and at the 24th Private … Read the full press release

BNP Paribas announces the appointment of Claudia Belli-Jeanteur as Head of Social Business and Microfinance

Claudia Belli-Jeanteur has been appointed Head of Social Business (Social Entrepreneurship) and Microfinance at BNP Paribas. PARIS, 31-10-2014 — /EuropaWire/ — As Head of Social Business and Microfinance, Claudia Belli-Jeanteur will be in charge of meeting the rapidly-expanding needs of … Read the full press release

The Volkswagen Group reports a robust performance in the first nine months of 2014, despite ongoing uncertain market environment

Sales revenue rises to EUR 147.7 billion (EUR 145.7 billion) Operating profit improves to EUR 9.4 billion (EUR 8.6 billion) in ongoing difficult market environment Profit before tax up EUR 2.1 billion year-on-year at EUR 11.5 billion High net liquidity … Read the full press release

ECB: Credit standards for all loan categories eased in the third quarter of 2014 according to the October bank lending survey (BLS)

Net easing of credit standards continued for all loan categories in Q3 2014, although risk concerns re-emerged. Demand for loans increased across all loan categories but the contribution of firms’ financing needs related to fixed investment returned to negative territory. … Read the full press release

The European Central Bank publishes the ECB Regulation on supervisory fees; will take over as supervisor of banks on 4 November 2014 part of the Single Supervisory Mechanism

Regulation on supervisory fees sets out how the ECB recovers its expenditures for supervising the banking sector covered by the Single Supervisory Mechanism (SSM) ECB to fully assume its supervisory tasks on 4 November 2014 Frankfurt am Main, 30-10-2014 — … Read the full press release

Moldova to modernise district heating in its second largest city Bălți with the help of EBRD and partners

EBRD and partners help reduce gas consumption, increase energy efficiency and improve heating services BALTI, Moldova, 30-10-2014 — /EuropaWire/ — Moldova has received a €7 million loan from the European Bank for Reconstruction and Development (EBRD) to modernise district heating … Read the full press release

EBRD takes part in the upgrade of Komani hydro power plant in Albania

Komani, Albania’s most important hydropower power plant, undergoes a safety makeover with EBRD funding LONDON, 30-10-2014 — /EuropaWire/ — The most important source of electricity in Albania is the Komani hydro power plant in the mountains of the Puka region. … Read the full press release

French Banking Federation: The French banks successfully completed the asset quality review (AQR) and stress tests organized by the European Central Bank

PARIS, 29-10-2014 — /EuropaWire/ — The French banks have successfully completed the asset quality review (AQR) and stress tests organized by the European Central Bank (ECB). The satisfactory results of this joint exercise demonstrate the strength of French banks in … Read the full press release

Barclays launches two year sponsorship partnership with JA-YE Europe with six innovation camps in Spain, Russia, Italy, France, Germany and Portugal

BRUSSELS, 29-10-2014 — /EuropaWire/ — On Wednesday, Barclays launches its two year sponsorship partnership with JA-YE, kicking off a two-year plan with six innovation camps in Spain, Russia, Italy, France, Germany and Portugal on the theme of increasing economic growth.  Over … Read the full press release

BAWAG P.S.K. and Amundi enter into long-term strategic partnership in asset management; Amundi acquires BAWAG P.S.K. INVEST as part of the transaction

As part of the transaction: – Amundi acquires BAWAG P.S.K.’s asset management subsidiary – BAWAG P.S.K. and Amundi enter into a long-term distribution agreement to continue the distribution of INVEST products Amundi will continue to operate INVEST out of Austria, … Read the full press release

Eni acquired 599,842 treasury shares for € 9,779,039.96 between October 13 and October 17, 2014

Following the purchases announced today, considering the treasury shares already held, on October 17, 2014 Eni holds n. 28,690,039 shares equal to 0.79% of the share capital. San Donato Milanese (Milan), 27-10-2014 — /EuropaWire/ — During the period from October 13 … Read the full press release

Yara International ASA delivered strong 2014 3Q results, with record fertilizer deliveries and continued margin benefit from lower European gas price

Oslo, 27-10-2014 — /EuropaWire/ — Yara International ASA delivered strong third-quarter results, with record fertilizer deliveries and continued margin benefit from lower European gas price. “Yara reports a strong third-quarter result with record deliveries, reflecting both organic growth and the … Read the full press release

Swisscom survey: Swiss banks are slow in implementing innovative digital services in retail banking despite its relevance

Although Swiss banks are aware of the relevance of innovative digital services in retail banking, they have been slow to implement them. This is the conclusion of a Swisscom survey conducted among 22 Swiss cantonal, retail and major banks as … Read the full press release