Eurobank Reports Lower 9-Month Profit Due to Bad Loan Provisions and Expenses
Eurobank, Greece’s largest lender by market value, has announced a decline in its profit for the first nine months of the year. This decrease in earnings is primarily attributed to increased provisions for bad loans and higher operating expenses. For the January-to-September period, Eurobank reported net earnings of 980 million euros ($1.05 billion), signifying an […]
French watchdog expects Britain to diverge from EU on financial rules
French markets watchdog AMF expects Britain to take advantage of Brexit to diverge from European Union financial rules. This is in an effort to make the City of London more attractive to investors. Brussels has yet to decide on how much direct access it will grant Britain in financial services. And so, the City has […]