City Madrid Financial News

Federal Reserve Chairman Jerome Powell is warning global regulators not to take the resilience of the financial system for granted and emphasising the need to strengthen bank supervision and regulation in the aftermath of a series of bank failures this spring.

While a final decision on issuing a digital euro has yet to be made, the ECB has been busy investigating options ahead of a potential launch, which would come in 2026 at the earliest.Last year, the central bank began working with five companies - Nexi, CaixaBank, Amazon, Worldline and EPI - to provide front-end prototypes to test different payment use cases.Nexi was chosen for the point-of-sale payments initiated by the payee use case. Updating on the effort, it says that it integration with the existing payment landscape is possible and that a digital euro would work both online and offline, using independent designs, thus increasing the resilience. Roberto Catanzaro, chief business officer, merchant solutions, Nexi, says: "An engaging user and merchant experience is paramount to ensure wide adoption of the digital euro and we have brought our best expertise in both acceptance and mobile payments technologies to set a clear way forward."

Alantra has shifted its investment bank headquarters from Madrid to London in a rare post-Brexit vote of confidence for the City.

Mid-market investment bank Alantra has continued its European hiring spree with the addition of a senior dealmaker covering private equity companies in Spain.

While a final decision on issuing a digital euro has yet to be made, the ECB has been busy investigating options ahead of a potential launch, which would come in 2026 at the earliest. Last year, the central bank began working with five companies - Nexi, CaixaBank, Amazon, Worldline and EPI - to provide front-end prototypes to test different payment use cases. Nexi was chosen for the point-of-sale payments initiated by the payee use case. Updating on the effort, it says that it integration with the existing payment landscape is possible and that a digital euro would work both online and offline, using independent designs, thus increasing the resilience. Roberto Catanzaro, chief business officer, merchant solutions, Nexi, says: "An engaging user and merchant experience is paramount to ensure wide adoption of the digital euro and we have brought our best expertise in both acceptance and mobile payments technologies to set a clear way forward."

Mid-market investment bank Alantra has bolstered its Swiss investment bank with two senior dealmakers as the Madrid-headquartered firm continues to expand its team in Europe.

A top Federal Reserve official said that the U.S. central bank shouldn’t put a special focus on climate-change risks in a way that could distract it from other destabilizing forces in the economy.

Some aspects of travel are pricier than ever amid pent-up demand.

Dealmaking jobs in Spain offer junior bankers sun, sea and — in the case of Citigroup — the promise of better work-life balance in a job known for its brutal working hours.

Mid-market investment bank Alantra has transferred its top dealmaker from Madrid to London, part of a flurry of appointments as it continues to build out its UK operation.

Credit Suisse has paused plans to expand office space in Madrid, its post-Brexit hub, as the Swiss bank pushes through an overhaul of its business that will see thousands of jobs lost.

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Mid-market investment bank, Alantra, has continued its dealmaker hiring spree with HSBC's former co-head of financial institutions coverage in Europe.

Nomura has cut half a dozen bankers in its continental European offices as part of a broader cull of dealmakers within its global businesses.

2023 has been brought in with celebrations in cities around the world. Ticker tape showered down in New York's Times Square, while the Berlin night sky was illuminated by a spectacular firework display.

An unemployed Peruvian woman was among the grand prize winners Thursday in Spain’s bumper Christmas lottery known as “El Gordo” (The Fat One).

Mid-market investment bank William Blair is expanding in Europe with a new operation in Madrid and a fresh dealmaking push in Zurich, as financial services firms bulk up on the continent in the wake of Brexit.

Finland's defence minister Antti Kaikkonen on Thursday expressed hope that Turkey would promptly ratify his country’s NATO membership, claiming that Helsinki would consider granting arms export permits to Ankara on a case-by-case basis.

Morroco made history on Tuesday by handing Spain a crushing defeat at the World Cup. 

Muslim leaders in Spain called for calm ahead of Tuesday's crunch World Cup decider between Spain and Morocco amid fears of a repeat of crowd trouble in Belgium last week.

Blood-soaked parcels containing animals' eyes have been sent to Ukrainian embassies and consulates in seven European countries in recent days, it emerged on Friday.