European banks including Deutsche Bank, BNP Paribas, Standard Chartered and Santander reported stronger-than-expected third-quarter profits, easing investor concerns about slowing earnings growth. UBS also reported results broadly in line with market expectations and accelerated its share buyback programme. The results come as European banking stocks face pressure from
Italy’s largest lender, Intesa Sanpaolo, has launched an unsolicited €30.6 billion ($35 billion) cash-and-share offer to acquire rival bank Monte dei Paschi di Siena (MPS), marking a new phase of consolidation in the country’s banking sector. The proposed deal offers MPS shareholders a 12.5% premium over the bank’s closing share price on Friday. To address […]

