Eight in 10 EU Mid-Market Firms Needed Working Capital Solutions in 2023
March 28, 2024

European middle-market firms have the second-highest need for working capital solutions. That’s according to “The 2023-2024 Growth Corporates Working Capital Index: Europe Edition,” a PYMNTS Intelligence and Visa collaboration that looked at the working capital needs of growth corporates, or middle-market organizations generating annual revenues...

ECB President Christine Lagarde Says EU Needs Capital Markets Union 
November 17, 2023

European Central Bank President Christine Lagarde said the European Union (EU) needs a “European SEC” that will replace the region’s currently fragmented supervision with a more top-down approach like that of the United States Securities and Exchange Commission.  This is necessary because the EU faces capital markets challenges on...

Big Tech Firms Warn UK Risks Losing Its ‘FinTech Crown’
June 06, 2023

A U.K. lobbying group wants Great Britain’s next government to improve the country’s technological standing. In a report issued Tuesday (June 6), UK Tech — whose members include Amazon, Apple, PayPal and Microsoft — warned that the country risks falling behind in the race to...

Growth of Business and Consumer Lending Slows in Eurozone
December 29, 2022

The growth of business and consumer lending in the eurozone slowed in November. According to the latest figures from the European Central Bank (ECB) published on Thursday (Dec. 29), the annual growth rate of adjusted loans to nonfinancial corporations decreased to 8.4% in November from...

EU Brings Clearing In-House Amid Push to Reduce Reliance on London
November 27, 2022

Formed by the merger of several European Union (EU) stock exchanges at the turn of the 21st century, Euronext can trace its origins back to some of the world’s first bourses, formed in Bruges, Antwerp and Amsterdam between the 13th and 17th centuries. In that...

Croatia’s Adopting Euro May Be Silver Lining for Struggling Eurozone Economy
July 14, 2022

Earlier this week (July 12), the European Union Council officially approved Croatia’s entry into the eurozone, setting the stage for the euro currency to become legal tender in the country on Jan. 1, 2023. The council’s announcement marked the final stage of the approval process...

Sterling Bond Market Falls as Rates Rise, Forecasting UK Credit Crunch
May 29, 2022

The U.K. credit market isn’t doing so well, Bloomberg reported Saturday (May 28), citing numerous troubles. A bond market seeing double-digit losses is stressing some companies in need of cash, Bloomberg wrote. The firms are up against rate increases from the Bank of England, a...