Eurotrack: Banking

📉 Swedbank to cut around 500 jobs group-wide, 100 in the Baltics (Sweden / Estonia / Latvia / Lithuania)

2026-10-27T06:00:00Z

Swedbank is laying off around 500 staff across the group; in Estonia and the other Baltic states the figure is about 100 of more than 6,000 employees there, according to Baltic head Olavi Lepp. The bank points to a reorganisation of work and normalised profitability after heavy development investment in earlier years, and offers retraining. Lepp does not rule out further cuts as AI is rolled out (ERR News, 27 Oct 2026). — Source: https://news.err.ee/1610178361/swedbank-lays-off-100-in-baltic-states-warns-ai-could-mean-more-cuts

📉 Barclays to cut 5,000 jobs, mostly in support functions (United Kingdom)

2026-10-22T06:00:00Z

Barclays put its job cuts for this year at 5,000, about 5% of its workforce, when presenting nine-month results on 22 October 2026. Around 1,000 roles have already gone and the remaining 4,000 are due by the end of the fourth quarter, mainly operational and administrative functions. The bank links the cuts to multi-year technology investment including AI and booked £201m of structural cost-reduction charges in the third quarter (Cinco Días, 22 Oct 2026; second source: Expansión, 22 Oct 2026). — Sources: https://cincodias.elpais.com/companias/2026-10-22/barclays-recortara-5000-empleos-el-5-de-su-fuerza-laboral-para-reducir-costes-por-la-ia.html · https://www.expansion.com/empresas/banca/2026/10/22/6ad9c93be5fdea94288b4570.html

📉 Danske Bank to cut 106 jobs across six countries (Denmark / Norway / Finland / Lithuania / Poland / Sweden)

2026-10-22T06:00:00Z

Danske Bank told staff on 22 October 2026 that 106 jobs will be cut, around half of them in Denmark. Roles in Norway, Finland, Lithuania, Poland and Sweden are also affected, the bank said in a statement (E24, live ticker, 22 Oct 2026). Single-source report; no primary release from the bank was found. — Source: https://e24.no/bors/nyheter/a/305963?pinnedEntry=305963

📉 DNB to cut around 400 jobs in Technology & Services (Norway)

2026-10-06T06:00:00Z

DNB, Norway's largest bank, is cutting around 400 full-time positions as part of a wide-ranging reorganisation of its Technology & Services division. The bank attributes the move to its use of agentic AI, which now handles previously manual work, notably customer data checks (KYC) as well as software development and coding. Restructuring costs will be booked in the fourth quarter of 2026, the reduction is to be completed in the same quarter and the full cost effect is expected from the second quarter of 2027 (DNB, stock exchange announcement, 06.10.2026). — Source: https://newsweb.oslobors.no/message/683620

🤝 Report: Nubank in talks to buy UK digital bank Monzo (United Kingdom / Brazil)

2026-09-26T06:00:00Z

Single-source report: according to Sky News, Brazilian digital bank Nubank is in early talks to buy UK neobank Monzo, with a price of £8bn to £10bn mentioned. Monzo has hired Morgan Stanley and Qatalyst as advisers and is also weighing a funding round at a valuation above £8bn; Nubank did not comment on speculation, Monzo declined to comment, and no formal offer has been made (Sky News via City AM, 26.09.2026). Update (30 Sep 2026): Nu Holdings, Nubank's parent, told the US Securities and Exchange Commission in a filing that, while it has great respect for Monzo, it is not pursuing a transaction with the bank; it said it does not usually comment on individual opportunities but was making an exception because of the media speculation, and that its capital allocation model is unchanged. The filing was signed by investor relations director Guilherme Souto. Bloomberg News had earlier reported that Monzo hired Morgan Stanley and the law firm Slaughter & May to assess a possible deal (Bloomberg Línea, 30 Sep 2026). — Sources: https://www.cityam.com/monzo-in-talks-over-10bn-sale-to-nubank-in-blow-to-ipo-hopes/ · https://www.bloomberglinea.com.br/2026/09/30/nubank-diz-que-nao-busca-compra-do-britanico-monzo-apos-relatos-de-negocio-de-ate-10-bi/

🤝 Erste Group offers PLN 713.60 a share for Erste Bank Polska (Poland / Austria)

2026-09-25T06:00:00Z

Erste Group plans a voluntary cash offer to raise its 49% stake in Poland's Erste Bank Polska (formerly Santander Bank Polska) to above 50% but no more than 75%, buying between 1% and 26% of the share capital. The price of PLN 713.60 a share is well below the 25.09 closing price (PLN 807.60); the offer is due to launch in early November 2026, will be funded from own resources and needs approval from Poland's financial regulator. The formal notice under Polish law followed on 28.09.2026 (Erste Group ad hoc via Reuters/PTA, 25.09.2026; Bankier.pl, 28.09.2026). Update (30 October 2026): the Polish financial regulator KNF has approved the tender offer; it launches on 2 November 2026 with the subscription period starting on 3 November 2026. Erste holds 49% and may increase its stake to no more than 75% (xyz.pl, 30 October 2026). — Sources: https://www.tradingview.com/news/reuters.com,2026-09-25:newsml_Pexsd4Ppa:0-pta-adhoc-erste-group-bank-ag-erste-group-to-launch-a-voluntary-tender-offer-to-increase-its-shareholding-in-erste-bank-polska/ · https://xyz.pl/?p=269805

🤝 Report: Legend Holdings launches sale of Luxembourg's BIL (Luxembourg)

2026-09-20T06:00:00Z

Reported: according to the Financial Times of 20 Sep 2026, Hong Kong-listed Legend Holdings (Lenovo's main shareholder) has launched, with Goldman Sachs, the sale of its roughly 90% stake in Banque Internationale à Luxembourg, founded in 1856; first bids are expected by the end of September, parties from Europe and the Middle East are said to be interested, and the valuation is put at around €2.5bn or more. There is no official confirmation; Swiss subsidiary BIL Suisse would also be affected, and its change of ownership would require FINMA approval (finews.ch, 22 Sep 2026; Le Quotidien, 21 Sep 2026). — Source: https://www.finews.ch/news/banken/73667-bil-suisse-banque-internationale-a-luxembourg-verkauf-legend-holdings-financial-times-goldman-sachs

🤝 RBI clears minimum threshold in Addiko takeover offer (Austria)

2026-07-24T06:00:00Z

Raiffeisen Bank International (RBI) announced on 24 July 2026 that as of the 09:00 cut-off it held acceptances for 10,720,331 Addiko shares — 55.58% of all shares covered by the offer. That passed the minimum acceptance threshold of more than 55% and effectively secured control. The figure includes 1,878,167 shares held by Alta Group d.o.o. (9.63% of share capital); no withdrawal declarations had been received by the cut-off. The voluntary takeover offer published on 14 May 2026 under section 25a of the Austrian Takeover Act offers €26.50 per share (raised in May from an original €23.05), and the initial acceptance period ended on 22 July 2026. Update: after the acceptance period closed on 29 July 2026 at 17:00, RBI reported acceptances for 10,831,435 shares, or 56.16% — the final result came earlier than initially announced and confirms that the 55% threshold was passed. Settlement, the statutory grace period and completion are still outstanding. UPDATE (3 August 2026): RBI formally published the result and opened the statutory sell-out period, which runs from 3 August 2026 until 5.00 p.m. CET on 3 November 2026. Addiko shareholders who had previously accepted the competing offer from Nova Ljubljanska banka may switch to the RBI offer during this period by written declaration to their custodian bank. Update (offer document of 3 Aug 2026): All closing conditions must be satisfied by 14 May 2027 at the latest. — Source: https://www.ots.at/presseaussendung/EQS_20260724_EQS0001/eqs-news-rbi-zum-zwischenstand-der-annahme-des-freiwilligen-oeffentlichen-uebernahmeangebots-fuer-saemtliche-addiko-aktien-zum-24-juli-2026

🤝 Cembra Money Bank to acquire Santander Switzerland's car-finance business (Switzerland)

2026-07-23T06:00:00Z

Cembra Money Bank is acquiring the substantial part of Santander Consumer Finance Schweiz's Swiss vehicle financing business: a lending portfolio of around CHF 800m plus nine partner relationships with manufacturers and importers. Cembra also becomes Santander's exclusive Swiss partner for pan-European leasing and vehicle financing programmes. To part-fund the deal the bank placed up to 601,801 treasury shares (around 2% of share capital) via accelerated bookbuilding. Closing is scheduled for November 2026; the announcement came alongside half-year results (net income +6%). — Source: https://www.eqs-news.com/news/ad-hoc/cembra-reports-6-increase-in-net-income-in-the-first-half-of-2026-and-acquires-the-substantial-part-of-santanders-swiss-auto-financing-business/8b10e4cc-569d-4cf0-819b-3f5c9b55c5bb_en

🤝 OTP Bank to acquire Baltic lender Luminor (Hungary / Estonia / Latvia / Lithuania)

2026-07-20T06:00:00Z

On 20 July 2026 Hungary's OTP Bank signed an agreement to acquire 100% of Luminor Holding from a consortium of Blackstone-managed private equity funds (majority) and DNB Bank. Luminor is the third-largest financial services provider in the Baltics (Latvia's fourth-largest bank by total assets); for 2025 it reported net profit of €158m, a return on equity of 8.6% and a CET1 ratio of 20.2%. The purchase price was not disclosed. Completion is subject to regulatory approvals (Estonian financial supervisor, ECB, Latvian central bank). Second source: BNN. — Source: https://www.baltictimes.com/otp_bank_to_acquire_luminor__opening_a_new_chapter_in_baltic_financial_markets/

🤝 Delen Private Bank to acquire wealth manager Van Lawick (Belgium / Netherlands)

2026-07-20T06:00:00Z

Belgian Delen Private Bank (part of Ackermans & van Haaren) is acquiring Dutch wealth manager Van Lawick & Co. — Delen's eighth acquisition in the Netherlands. The purchase price was not disclosed. — Source: https://drimble.nl/economie/107501336/private-bank-delen-is-met-van-lawick-co-toe-aan-achtste-overname-in-nederland.html

🤝 MPS board rejects Intesa Sanpaolo's takeover offer (Italy)

2026-07-17T06:00:00Z

About six weeks after Intesa Sanpaolo launched its public exchange and purchase offer (OPAS) for Banca Monte dei Paschi di Siena, the MPS board issued a negative opinion on 17 July 2026: the offer, valued at €30.6bn — around €3bn of it in cash and the remainder in shares — was not fully consistent with market valuations or with the bank's profile. The board also pointed to uncertainties in the structure, doubts about the synergies the bidder projects, and the envisaged transfer of an MPS stake to Unipol, which it considers disadvantageous industrially and for the bank's identity. At the same time, without taking a final decision, the board deemed the competing combination proposal from Banco BPM worth examining in depth, because it would not break up the branch network, the business or the historic brand. According to reporting by Milano Finanza on 24 July 2026, MPS and Banco BPM could announce an attempted merger in early August, with the stance of both banks' large shareholders being decisive (https://www.milanofinanza.it/news/mps-banco-bpm-ecco-i-piani-di-lovaglio-e-castagna-per-evitare-l-opas-di-intesa-sanpaolo-202607242029054158). No official merger agreement exists. UPDATE (31 July 2026): The board of Banco BPM unanimously decided to break off merger talks with MPS, saying the conditions for an agreement were not there after no rapprochement had emerged since BPM's letter of 7 June 2026; major shareholder Crédit Agricole (29.3 %) had previously voiced scepticism. Intesa Sanpaolo thus remains the only active bidder for MPS. Update (2 August 2026): Intesa Sanpaolo has called an extraordinary general meeting for 10 September 2026 to approve the capital increase backing the OPAS. The offer values MPS shares at EUR 10.091 each (1.6 Intesa shares plus EUR 1 in cash per MPS share); Intesa CEO Carlo Messina told CNBC Europe he intends to complete the transaction whatever it takes (source: Il Messaggero). Update (5 Oct 2026): On 03.10.2026 Intesa raised its offer to EUR 1.25 in cash per MPS share (share exchange unchanged at 1.6 Intesa shares) and Delfin (17.6%) committed its entire stake (Forbes Italia, 05.10.2026). Update (29 Oct 2026): MPS's extraordinary shareholder meeting rejected both exchange offers (Banco BPM: about 91% against; Banca Generali: about 91% against), the capital reduction for the €4bn special distribution and the merger with Mediobanca (63.6% against; a two-thirds majority was required), clearing the meeting-level obstacle for Intesa's OPAS; regulatory approvals and the acceptance level are still pending (ANSA). — Sources: https://www.borsainside.com/mercati_italiani/azioni-mps-cda-boccia-opas-intesa-e-apre-banco-bpm-cosa-puo-cambiare-ora/ · https://forbes.it/2026/10/05/intesa-rilancio-opas-mps-delfin-assemblea-29-ottobre · https://www.ansa.it/sito/notizie/economia/2026/10/29/i-soci-di-mps-bocciano-le-offerte-su-banca-generali-e-bpm_5c1a02b1-a853-4f2d-9db9-75c37a981ec4.html

🤝 Competition authority clears HPB purchase of Croatia Banka (Croatia)

2026-07-17T06:00:00Z

According to an HPB stock exchange filing of 17 Jul 2026, the Croatian competition authority AZTN found that the purchase of Croatia Banka is not a prohibited concentration. In March 2026 HPB had agreed with the Deposit Insurance Agency DAB to buy its entire stake for €15m, and HPB shareholders approved in April. Croatia Banka has total assets of about €275m, HPB about €7.2bn (end of March); further approvals and closing are still pending (PYMNTS/CPI citing SeeNews, 19 Jul 2026). — Source: https://www.pymnts.com/cpi-posts/croatia-competition-authority-approves-hpb-acquisition-of-croatia-banka/

🤝 S-Pankki bids €571m for Oma Säästöpankki (Finland)

2026-07-09T06:00:00Z

Finland's S-Pankki (S Group, Helsinki) on 09.07.2026 launched a cash offer of €17.20 per share for listed Oma Säästöpankki, recommended by the target's board; this values the deal at around €571.4m and represents a 47% premium to the previous day's closing price. Oma Säästöpankki serves more than 200,000 retail and corporate customers through 48 branches with about 600 staff; S-Pankki aims to gain scale and efficiency from the combination. Approvals from the ECB and the competition authority are among the conditions, with completion planned for the fourth quarter of 2026 (S-Pankki press release, 09.07.2026). Update (28.09.2026): after the offer period closed on 25.09.2026, the preliminary result shows about 96.58% of shares tendered; the final result is due around 30.09.2026 and payment of the offer price is scheduled for around 07.10.2026 (S-Pankki stock exchange release via GlobeNewswire, 28.09.2026). Update (7 Oct 2026): S-Pankki acquired 96.78% of all Oma Säästöpankki shares in the offer; a statutory squeeze-out and a subsequent offer period are to follow (Taloustaito, 1 Oct 2026). — Sources: https://www.s-pankki.fi/fi/tiedotteet/2026/sisapiiritieto-s-pankki-oyj-julkistaa-suositellun-1720-euron-osakekohtaisen-vapaaehtoisen-julkisen-kateisostotarjouksen-kaikista-oma-saastopankki-oyjn-osakkeista/ · https://www.taloustaito.fi/Rahat/s-pankki-osti-oma-saastopankin--muutos-ei-vaadi-asiakkailta-toimenpiteita/

🤝 Volksbank Krefeld and Düsseldorf Neuss to merge (Germany)

2026-07-08T06:00:00Z

The delegates' meeting of Volksbank Krefeld approved unanimously on 8 July 2026; the new institution will operate as Volksbank Düsseldorf Krefeld Neuss. Technical merger planned for autumn 2026. Update (5 October 2026): The merger has been completed; Volksbank Krefeld absorbed Volksbank Düsseldorf Neuss, and the new Volksbank Düsseldorf Krefeld Neuss has 580 employees and total assets of €4.6bn (Börsen-Zeitung, 5 October 2026). — Sources: https://www.wz.de/nrw/krefeld/krefeld-volksbank-fusion-ist-beschlossen_aid-151232761 · https://www.boersen-zeitung.de/banken-finanzen/rettung-der-volksbank-duesseldorf-neuss-wird-noch-teurer

🤝 Leipziger Volksbank and Volksbank Delitzsch to merge (Germany)

2026-06-30T06:00:00Z

The delegates' meetings of both institutions approved the merger (report dated 30 June 2026). The joint bank will operate as Leipziger Volksbank; 'Volksbank Delitzsch' remains as a branch name. Technical consolidation on 5 September 2026. — Source: https://www.wirtschaft-in-sachsen.de/de/grosser-bankendeal-in-der-region-was-hinter-der-fusion-der-volksbanken-leipzig-und-delitzsch-steckt/

📉 Nationwide cuts 600 jobs after Virgin Money takeover (United Kingdom)

2026-06-29T06:00:00Z

The first major wave of layoffs after the £2.9 bn takeover of Virgin Money: around 600 jobs, primarily in the back office. The roughly 700 branches, guaranteed to remain until 2030, are not affected. — Source: https://www.mortgagestrategy.co.uk/news/nationwide-set-to-axe-600-jobs/

🤝 Kreissparkasse Steinfurt and Sparkasse Rheine to merge (Germany)

2026-06-24T06:00:00Z

The supervisory board of the Kreissparkasse and the council of the city of Rheine approved unanimously. Legal merger as of 1 August 2026, technical merger in October 2026; over 1,250 employees, approx. 255,000 customers. Name: Kreissparkasse Steinfurt. Update (16.10.2026): The legal merger took effect on 01.08.2026; total assets are about €10bn, and the technical merger follows at the end of October (CMS, 14 Oct 2026). — Sources: https://www.wirtschaft-aktuell.de/news/kreissparkasse-steinfurt-und-stadtsparkasse-rheine-beschliessen-fusion · https://cms.law/de/deu/publication/update-gesellschaftsrecht-oktober-2026/cms-begleitet-fusion-von-kreissparkasse-steinfurt-und-stadtsparkasse-rheine

🤝 Volksbank Chemnitz and Raiffeisenbank Burgstädt to merge (Germany)

2026-06-11T06:00:00Z

The general assembly of Raiffeisenbank Burgstädt (9 June) and the delegates' meeting of Volksbank Chemnitz (11 June 2026) approved by a large majority. New institution: Volksbank Chemnitz eG; technical merger on 19 September 2026. — Source: https://www.freiepresse.de/nachrichten/wirtschaft/wirtschaft-regional/jetzt-ist-es-beschlossen-volksbank-chemnitz-uebernimmt-raiffeisenbank-burgstaedt-artikel14289018

🤝 Erste Bank completes IT merger with Salzburger Sparkasse (Austria)

2026-05-22T06:00:00Z

Implementation step of the merger: Over the Whitsun weekend 22–25 May 2026, the comprehensive IT/technical consolidation of Salzburger Sparkasse with Erste Bank took place (including IBAN changes for customers). — Source: https://expert-zoom.com/at/nachrichten/salzburger-sparkasse-erste-bank-fusion-iban-mai-2026

📉 Standard Chartered to cut over 7,800 jobs by 2030 through AI (United Kingdom)

2026-05-19T06:00:00Z

The London-based major bank plans to cut more than 7,800 jobs through AI automation by 2030, over 15 percent of the group's functions. Back-office sites in India, Malaysia, Poland and China are primarily affected; CEO Winters' phrase 'lower-value human capital' drew criticism. — Source: https://www.bankingdive.com/news/standard-chartered-7800-job-cuts-ai-winters/820627/

📉 Commerzbank to cut 3,000 more jobs under its Momentum 2030 plan (Germany)

2026-05-08T06:00:00Z

A further 3,000 jobs by 2030 in addition to the 3,900 already announced in 2025 (6,900 in total). Part of the 'Momentum 2030' strategy to fend off the UniCredit takeover, accompanied by a €600 mn AI programme. — Source: https://www.hessenschau.de/wirtschaft/frankfurt-commerzbank-will-weitere-3000-stellen-abbauen-v3,commerzbank-stellenabbau-110.html

🤝 UniCredit launches hostile bid for Commerzbank (Germany)

2026-05-05T06:00:00Z

Hostile public takeover offer of 5 May 2026. The management board, supervisory board, the Federal Government and ver.di rejected it; by the deadline on 3 July 2026 only approx. 17.6% of the shares had been tendered – offer failed. ver.di saw up to 10,000 jobs at risk. Update (6 Aug 2026): UniCredit has meanwhile built its Commerzbank stake to around 48%. On 6 August 2026, around Commerzbank's quarterly results, CEO Bettina Orlopp confirmed that new talks on the bank's future ownership structure had started ('We have started talks on this, which is in the genuine interest of both UniCredit and Commerzbank'). Earlier rounds of talks had each ended without agreement. Source: RTÉ, 6 August 2026. Update (16.10.2026): The ECB banking supervisor has authorised UniCredit to exceed the 30% threshold in Commerzbank and to raise its stake further without a ceiling. According to UniCredit, the remaining regulatory procedures should be completed around the end of the year; it would then hold about 50% of the voting rights and could take control (finews.ch, 16 Oct 2026). — Sources: https://www.commerzbank.de/konzern/was-uns-bewegt/commerzbank-als-unternehmen/2026-unicredit-position-faq.html · https://www.rte.ie/news/business/2026/0806/1586702-commerzbank-quarterly-results/ · https://www.finews.ch/news/banken/74019-unicredit-commerzbank-genehmigung-ezb-bankenaufsicht

🤝 Raiffeisen Bank Romania buys Garanti BBVA Romania for €591m (Romania)

2026-03-28T06:00:00Z

Garanti had assets of about €4bn at the end of 2025 and roughly 2% market share. Closing is expected in the fourth quarter of 2026, with price adjustments at completion (RBI ad-hoc release, 28 Mar 2026). A competition-authority clearance on 20 October 2026 has only been reported in an unverified snippet. — Source: https://www.rbinternational.com/en/investors/news/ad-hoc-releases/acquisition-romania.html

🤝 Bank of Cyprus to acquire loans and deposits of Cyprus Development Bank (Cyprus)

2026-03-23T06:00:00Z

Bank of Cyprus plans to take over from the Cyprus Development Bank a portfolio of performing loans with a gross book value of about €150m and deposits of about €500m, at a price close to par and with a capital impact of around 35 basis points. Shareholders holding about 96% of the Development Bank's capital have irrevocably committed their support; completion is expected in the second half of 2026 and still needs regulatory approvals (Cyprus Mail, 23 Mar 2026). Update (21 Oct 2026): The acquisition has been completed; after all regulatory approvals, loans of about €130m and deposits of about €440m passed at a price close to par, with a capital impact of about 30 basis points (Cyprus Mail, 21 Oct 2026). — Sources: https://cyprus-mail.com/2026/03/23/bank-of-cyprus-reaches-deal-to-acquire-deposits-and-loans-from-cdb · https://cyprus-mail.com/2026/10/21/bank-of-cyprus-completes-e570m-loan-and-deposit-acquisition-from-cdb

🤝 Sparda-Bank West and PSD Bank Rhein-Ruhr explore merger (Germany)

2026-03-19T06:00:00Z

Sparda-Bank West eG and PSD Bank Rhein-Ruhr eG, both headquartered in Düsseldorf, are exploring a combination up to a full merger in open and open-ended talks. A union would create one of Germany's largest cooperative credit institutions with combined total assets of around €18.5 billion. Sparda-Bank West is more than three times the size of PSD Bank Rhein-Ruhr. The background is the ongoing consolidation pressure in the cooperative banking sector – in 2025 PSD Bank Nord and PSD Bank Hannover had already announced a combination. Update (19 Jun 2026): The two institutions declared their merger talks over in a joint statement, saying they could not agree on a common course on key strategic questions; the extraordinary representative assemblies planned for September will not take place (Börsen-Zeitung, 19 Jun 2026). — Sources: https://www.nwzonline.de/wirtschaft/sparda-bank-west-und-psd-bank-rhein-ruhr-pruefen-fusion_a_4,2,4211910733.html · https://www.boersen-zeitung.de/banken-finanzen/psd-bank-rhein-ruhr-und-sparda-bank-west-blasen-fusion-ab

📉 Eurobank Cyprus launches voluntary exit scheme for about 300 jobs (Cyprus)

2026-03-09T06:00:00Z

Eurobank in Cyprus launched a voluntary exit scheme on 9 Mar 2026 aimed at about 300 employees of the merged bank; for the first time it is open to all staff (at least five years of service, over 35), with severance of up to €200,000 tax-free. The application deadline was extended from 23 to 28 Mar 2026; the scheme is part of the reorganisation after the merger with Hellenic Bank and CNP, signalled in September 2025. The figure is a target, not dismissals (Cyprus Mail, 24 Mar 2026). — Source: https://cyprus-mail.com/2026/03/24/eurobank-extends-voluntary-exit-scheme-deadline

🤝 Sparkasse Oberpfalz Nord and Bayreuth plan merger (Germany)

2026-02-13T06:00:00Z

The Sparkassen Oberpfalz Nord and Bayreuth are planning a merger to form the largest savings bank in northern Bavaria with total assets of around €7.5 bn. The technical merger is scheduled for 2027. All sites and jobs are to be retained. — Source: https://www.inbayreuth.de/grosse-sparkassenfusion-in-der-noerdlichen-oberpfalz/cnt-id-ps-64e10a31-c6ba-44ba-855f-eb16856ec896

🤝 Acrevis Bank to acquire Regiobank Männedorf (Switzerland)

2026-02-13T06:00:00Z

Acrevis Bank AG (St. Gallen, total assets CHF 5.1 bn) is acquiring Regiobank Männedorf AG (RBM), the smallest bank in the Lake Zurich region (total assets ~CHF 440 m, 11 employees). Announcement on 13 February 2026. Terms: RBM shareholders receive 17 Acrevis shares (after a share split) plus a CHF 200 cash settlement per share – around 29.9% above the 60-day average price. General meetings of both banks at the end of March 2026. If approved, the merger will take effect retroactively as of 1 January 2026 and is to be completed by mid-2026. All RBM employees are to be retained. Acrevis has already successfully integrated Sparkasse Wiesendangen and Sparkasse Trogen. Update (10 Oct 2026): FINMA approved the absorption merger and the commercial register entries have been made; since 29 June 2026 Regiobank Männedorf trades as Acrevis Bank, the Männedorf site stays open and technical integration is planned for spring 2027 (finews.ch, 26 Jun 2026). — Sources: https://www.nau.ch/news/wirtschaft/regiobank-mannedorf-fusioniert-mit-acrevis-67096336 · https://www.finews.ch/news/banken/72708-acrevis-regiobank-maennedorf-vollzug-zusammenschluss-fusion

🤝 Raiffeisen-Volksbank Haßberge plans merger with VR Bank Bamberg (Germany)

2026-01-29T06:00:00Z

Raiffeisen-Volksbank Haßberge (approx. €700 m in total assets) is planning to combine with VR Bank Bamberg-Forchheim (€3.7 bn). Reason: Strong ties of the Haßberge region with Bamberg, economic synergies. Both supervisory bodies signalled a green light. Final vote of the member representatives at the delegates' meeting planned for May 2026. Legal and technical merger scheduled for Q4 2026. No layoffs planned – 'on the contrary'. Resulting bank: Over 40 branches, 30 self-service locations, over 150,000 customers. One of the largest area-wide banks in Franconia along the A70 and A73 from Haßfurt via Bamberg and Forchheim to Nuremberg/Erlangen. On-site lending up to €750,000 in private real estate financing. Higher lending capacity for corporate customers. Update (9 Oct 2026): The representative assemblies of both banks approved the merger unanimously on 19 and 20 May 2026; the new bank is due to be formed by the end of 2026 (Raiffeisen-Volksbank Haßberge, website, 9 Oct 2026). — Sources: https://www.nn.de/region/forchheim/weitere-fusion-von-forchheim-und-bamberg-geplant-bald-eine-der-grossten-banken-frankens-1.14987035 · https://www.rvb-hassberge.de/meine-bank/news/bank/news-bank-2026/zustimmung-verschmelzung.html

🤝 Three Hesse cooperative banks plan three-way merger (Germany)

2026-01-29T06:00:00Z

Three cooperative banks in central Hesse are planning a merger retroactive to 1 January 2026: Volksbank Rhein-Lahn-Limburg (total assets €2.8 bn), Rheingauer Volksbank (€2.0 bn) and Raiffeisenbank Niederwallmenach (low three-digit million range). Clarity on the deal is expected by summer 2026. Aim: Pooling of forces in the Hesse region. Update (9 Oct 2026): The representatives approved in June 2026; according to Rheingauer Volksbank's merger page the legal merger into Volksbank Rheingau-Lahn-Limburg took place on 16 Sep 2026, backdated to 1 Jan 2026, with the technical integration due on the first weekend of November 2026 (Rheingauer Volksbank, merger page, 9 Oct 2026; Rhein-Zeitung, 29 Jun 2026). — Sources: https://finanzbusiness.de/nachrichten/genossen/article18966280.ece · https://www.rheingauer-volksbank.de/fusion.html

📉 Report: Citigroup plans another round of layoffs in March (USA)

2026-01-23T06:00:00Z

Citigroup plans a further round of layoffs in March (after the payout of bonuses). Reported: the size of the March wave is not quantified (following the roughly 1,000 already cut in January); the original source (gewinnermagazin.de) is no longer reachable, replacement source PYMNTS. Affected are primarily directors and senior staff across all business divisions. Group CEO Jane Fraser is pursuing a far-reaching restructuring to cut costs, resolve regulatory problems and boost profits. The total workforce fell from 240,000 (2022) to 226,000 (end of 2025). — Source: https://www.pymnts.com/news/banking/2026/citigroup-to-lay-off-managing-directors-and-senior-employees-in-march/

📉 Societe Generale to cut around 1,800 jobs in France (France)

2026-01-22T06:00:00Z

The French major bank Societe Generale plans to cut around 1,800 jobs in France as part of cost-cutting measures. Affected: positions at the headquarters and in the regional organisation of the retail banking division; the branch network is not affected. The job cuts are to be carried out without layoffs, through natural attrition and hiring delays. — Source: https://www.wsj.com/finance/banking/societe-generale-to-trim-french-workforce-c33cef09

📉 ABN Amro to cut a net 5,200 jobs by 2028 (Netherlands)

2025-11-25T06:00:00Z

ABN Amro is cutting a net 5,200 full-time positions by 2028 (almost a quarter of the workforce compared with the end of 2024); about half through natural attrition. New CEO Marguerite Berard is wielding the axe for cost reduction and a profitable growth strategy; goals for 2028: >12% return on equity, a <55% cost-income ratio, >€10 bn in profit. — Source: https://www.diepresse.com/20343808/niederlaendische-bank-abn-amro-kuendigt-massiven-stellenabbau-an

🤝 VR Bank RheinAhrEifel and PSD Bank Koblenz plan merger (Germany)

2025-11-24T06:00:00Z

VR Bank RheinAhrEifel eG (total assets €6.9 bn, 970 employees) and PSD Bank Koblenz eG (€716 m, 54 employees) are planning a merger to form an institution with €7.6 bn in total assets and approx. 1,020 employees. The supervisory boards have unanimously decided to hold merger talks. Technical merger planned for summer 2026. No operational redundancies planned. Update (20.05.2026): VR Bank RheinAhrEifel's delegate assembly approved the merger with PSD Bank Koblenz (and at the same time with Raiffeisenbank Welling) with 99.72% of the vote; it applies retroactively from 01.01.2026, the technical integration was planned for July 2026, and the combined bank has total assets of around €8bn (bankinformation.de, 20.05.2026). — Source: https://www.nr-kurier.de/artikel/164126-fusion-in-koblenz--vr-bank-rheinahreifel-eg-und-psd-bank-koblenz-eg-planen-zusammenschluss

🤝 VR-Bank Nordeifel and Raiffeisenbank Westeifel to merge (Germany)

2025-11-21T06:00:00Z

The members of VR-Bank Nordeifel and Raiffeisenbank Westeifel voted by an overwhelming majority in favour of a merger to form VR Bank EifelLand eG. The merger of the two cooperative banks takes effect on 1 January 2026. Update (2 Jun 2026): The merger has been completed with its entry in the register of cooperatives; since 1 Jun 2026 the two banks have operated jointly as VR Bank EifelLand eG, with the IT integration announced for mid-June 2026 (Wochenspiegel, 2 Jun 2026). — Sources: https://www.wochenspiegellive.de/eifelkreis-bitburg-pruem/artikel/eindeutiges-votum-fusion-ist-beschlossen-1 · https://www.wochenspiegellive.de/eifelkreis-bitburg-pruem/artikel/fusion-vollzogen-vr-bank-nordeifel-raiffeisenbank-westeifel-sind-jetzt-vr-bank-eifelland

🤝 Sparkasse Neuwied and Westerwald-Sieg explore merger (Germany)

2025-11-13T06:00:00Z

Sparkasse Neuwied and Sparkasse Westerwald-Sieg have begun open-ended exploratory talks about a possible merger, with the aim of strengthening regional capacity. Update (2 Apr 2026): The two savings banks ended their exploratory talks and are no longer pursuing the merger; despite some overlap they have opted to remain independent (press release via AK-Kurier, 2 Apr 2026: https://www.ak-kurier.de/akkurier/www/artikel/169196-keine-fusion--sparkasse-westerwald-sieg-und-sparkasse-neuwied-gehen-eigene-wege). — Source: https://www.nr-kurier.de/artikel/163604-banken-im-wandel--sparkassen-neuwied-und-westerwald-sieg-pruefen-gemeinsame-zukunft

🤝 Three Raiffeisen banks in the Emmental weigh merger (Switzerland)

2025-11-10T06:00:00Z

Three Raiffeisen shareholder banks in the Emmental are examining a combination in November 2025, with a decision scheduled for March 2026. Update (26 May 2026): In the member ballot (deadline 25 March 2026) 89.1% approved the merger agreements and changes to the articles; the technical and administrative combination into Raiffeisenbank Emmental took place on 26 May 2026 (Raiffeisen Unteremmental, https://www.raiffeisen.ch/unteremmental/de/mitgliedschaft/genossenschaft/urabstimmung1.html). — Source: https://www.neo1.ch/artikel/raiffeisenbanken-im-emmental-pruefen-zusammenschluss

🤝 BBBank announces merger with PSD Bank Hessen-Thüringen (Germany)

2025-10-22T06:00:00Z

The Karlsruhe-based BBBank announces the merger with PSD Bank Hessen-Thüringen retroactive to 1 January 2026. It had previously already acquired PSD Bank Berlin-Brandenburg and is thereby significantly expanding its presence in the PSD segment. Update (13 June 2026): BBBank's representative assembly (100%) and the general assembly of PSD Bank Hessen-Thüringen (97%) approved the merger; staff were given a job guarantee until the end of 2034. Evidence of legal completion is not yet available (BBBank, 13 June 2026). Update (13.09.2026): The merger has been completed — BBBank and PSD Bank Hessen-Thüringen combined their IT systems from 11 to 13.09.2026, with the changed contact details and services applying from 14.09.2026; legally, the merger takes effect retroactively from 01.01.2026 (BBBank merger information: https://www.bbbank.de/meine-bbbank/fusion/hinweise-zur-fusion.html). — Source: https://finanz-szene.de/banking/bb-bank-uebernimmt-zweite-psd-bank-folgt-bald-schon-die-dritte/

🤝 VIG seeks to acquire insurer Nuernberger for €1.38bn (Germany)

2025-10-17T06:00:00Z

The Austrian VIG intends to acquire all shares of the German insurer Nuernberger; major shareholders such as Munich Re have signalled a willingness to sell. Update (18.05.2026): With all regulatory approvals granted, VIG completed its takeover offer and now holds 99.2% of Nürnberger's share capital and voting rights; the location and brand are retained (Versicherungswirtschaft heute, 18.05.2026). — Source: https://www.reuters.com/business/vienna-insurance-group-offers-buy-germanys-nuernberger-161-billion-2025-10-16/

🤝 EFG International to acquire Geneva private bank Cité Gestion (Switzerland)

2025-02-19T06:00:00Z

EFG International is acquiring the Geneva-based private bank Cité Gestion with around CHF 7.5 bn in assets under management; completion is expected in the second half of 2025. Update (07.10.2025): EFG completed the purchase of 100% of Cité Gestion after receiving all regulatory approvals; the bank continues as an independent subsidiary under its own name (finews.com, 07.10.2025: https://www.finews.com/news/english-news/69624-efg-international-m-a-cite-gestion-wealth-management-swiss-private-banking-finanzplatz-schweiz-2). — Source: https://www.reuters.com/business/finance/efg-international-posts-profit-rise-acquire-private-bank-cit-gestion-2025-02-19/