BNP Paribas remains a market leader and is well-capitalized, though it experienced a 4.47% decline recently. In the weekly performance, Commerzbank led with a 2.52% increase, while Sberbank faced a significant drop of 67.53%. Year-to-date, Societe Generale saw the highest gain at 78.49%.
Raiffeisen Bank Faces Major IT Outage Affecting Multiple Services
Raiffeisen Bank faced significant IT issues early on Friday, impacting several services, including the "My ELBA" app and branch operations. The bank is actively working to resolve these disruptions and has apologized to customers for the inconvenience caused.
Nehammer advocates for banking union amid bleak economic outlook for Austria
Nehammer has voiced opposition to the idea of common EU debt while advocating for a banking union. Meanwhile, a recent economic survey by Bank Austria indicates a bleak economic outlook for Austria, prompting a call for Europe to reassess its strategies following Donald Trump's election victory in the US.
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