Banks
![What happens next now that Biden has dropped out?](https://cdn.statically.io/img/www.politico.eu/cdn-cgi/image/width=480,height=311,quality=80,onerror=redirect,format=auto/wp-content/uploads/2024/07/21/dnc2016.jpeg)
What happens next now that Biden has dropped out?
The next nominee must begin locking down the endorsements of delegates.
![ECB leaves rates unchanged, keeps door open to September cut](https://cdn.statically.io/img/www.politico.eu/cdn-cgi/image/width=480,height=320,quality=80,onerror=redirect,format=auto/wp-content/uploads/2024/07/18/GettyImages-2161909079.jpg)
ECB leaves rates unchanged, keeps door open to September cut
![To do: 6 thorny issues lurking in MEPs’ inboxes](https://cdn.statically.io/img/www.politico.eu/cdn-cgi/image/width=480,height=320,quality=80,onerror=redirect,format=auto/wp-content/uploads/2024/07/17/online04_6thorny_PO_BSG_design_09_PRINTER.jpg)
To do: 6 thorny issues lurking in MEPs’ inboxes
![The MEPs who actually matter](https://cdn.statically.io/img/www.politico.eu/cdn-cgi/image/width=480,height=320,quality=80,onerror=redirect,format=auto/wp-content/uploads/2024/07/17/meps-2024_feat01.png)
The MEPs who actually matter
![Report: Trump wouldn’t fire Fed’s Powell if reelected](https://cdn.statically.io/img/www.politico.eu/cdn-cgi/image/width=480,height=320,quality=80,onerror=redirect,format=auto/wp-content/uploads/2024/07/17/download.jpeg)
Report: Trump wouldn’t fire Fed’s Powell if reelected
![Blood turns to martyrdom as Republicans rally around Trump](https://cdn.statically.io/img/www.politico.eu/cdn-cgi/image/width=480,height=310,quality=80,onerror=redirect,format=auto/wp-content/uploads/2024/07/14/GettyImages-21613560291.jpg)
Blood turns to martyrdom as Republicans rally around Trump
![European Investment Bank’s ex-chief denies €1M corruption allegations](https://cdn.statically.io/img/www.politico.eu/cdn-cgi/image/width=480,height=320,quality=80,onerror=redirect,format=auto/wp-content/uploads/2024/07/09/GettyImages-1244214255-scaled.jpg)
European Investment Bank’s ex-chief denies €1M corruption allegations
Investors too confused by French election to panic — yet
Markets will certainly make their position known if politicking threatens to stretch public finances.
The dirty little secret no politician will admit: There is no way to ‘go for growth’
Everything now is just a euphemism for financial repression and austerity. That doesn’t stop politicians looking for magical alternatives.
Paris was on the cusp of becoming the EU’s finance hub. Then came the election.
The French vote could deal a massive blow to the capital’s post-Brexit ambitions.
Hungary is flirting with China — at what cost to the EU?
Budapest’s friendly ties with Beijing run contrary to Brussels’ de-risking efforts.
Fortress Hungary has a surprising answer to its population crisis: Migration
Quietly and without much fanfare, Viktor Orbán’s government is allowing more and more guest workers into the country.
City dreams of Labour win to deliver new Brexit deal
It’s considered a ‘hanging offense,’ but could some EU countries hash out side deals with the UK on financial services?
EU prosecutors launch bombshell corruption probe into former European Investment Bank chief
Investigators raided Werner Hoyer’s house as part of an “abuse of influence” investigation.
UK hits 2 percent inflation target
The metric bolsters a beleaguered Conservative party that had made inflation a central issue ahead of the July 4 election.
G7 strikes provisional deal on using Russian assets for $50B Ukraine loan
But crucial details remain unsolved as diplomats fear that talks might drag on until the end of the year.
US expands sanctions threat against banks dealing with Russia
The sweeping new package of sanctions and export controls comes as President Joe Biden heads to the G7 meetings in Italy where leaders are poised to discuss ways to ratchet up pressure on Russia and boost support for Ukraine.
US-EU spat derails push for $50B Ukraine loan using Russian assets
“We might be stupid but we’re not that stupid,” says European official over plan for proposed loan.
Von der Leyen pledges €1.4B for investments in Ukraine
Banks will be able to apply for EU budget support when investing in equity funds active in Ukraine, von der Leyen said.
Nigel Farage eyes debanking revenge with plan to hit bank profits
Reform UK thinks they can raise up to £40 billion to fund tax cuts by treating banks’ QE reserves differently.
No, you’re a banker! Sunak and Reeves’ City backgrounds weaponized in UK election
Both the prime minister and shadow chancellor were employed in the banking sector during the 2008 financial crash
Bankers already won the UK election
Whichever party forms the next government, the City gets what it wants — in stark comparison to recent elections.
The ECB has cut its key interest rate: So what?
We all knew it was coming, but what does it mean in practice?
Governments cool on plan to use EU budget to guarantee loan for Ukraine
But idea remains under discussion ahead of G7 summit next week.
Malta’s central bank chief, former deputy PM, plead not guilty in sprawling corruption case
Edward Scicluna and Chris Fearne distance themselves from the scandal enveloping former PM Joseph Muscat.
Politicians passed laws against high spending, but are promising it anyway
Fragmented politics and sluggish growth on top of the EU’s new anti-debt rules mean not everything can be paid for.
A (not so) brief ‘criminal’ history of the ECB
From political witch-hunts and nobbling bank mergers to hacking Covid regulations, the ECB’s brushes with the law are varied and plentiful.
Richer than the king: Is Rishi Sunak too wealthy to win?
The UK general election may see some subtle digs at the prime minister’s vast wealth.
EU’s top diplomat slams ‘Israeli occupation authorities’
Josep Borrell’s home country, Spain, is taking the lead in the latest push to support Palestinian statehood, a step so far not backed by most EU countries.
Europe still unsure over US plan on Russian assets to pay for Ukraine
Governments fear they will be on the hook for Washington’s proposal to hand Kyiv a loan of as much as $50 billion.