The Never-Ending Story: Europe’s Banks Face a Frightening Future

DBK:GR,BARC:LN,UBSG:SW,JPM:US,STAN:LN,0358961Z:US,BAC:US,1994723D:EY,BNP:FP,0253263D:US

government,economics,european-economy,investment-banking,banking,fintech,regulation,personal-finance,well-spent,startups,fixed-income

Edward Robinson

Transformations Amid Europe’s Banking Nightmare

MHE09192SWI

MHE10437UK

European Economy

Investment Banking

FinTech

Startups

Europe

London

Fixed Income

Wealth Management

Regulation

Economic Growth

Retail

Basel

Information Technology

Capital Requirements

Frankfurt

Bonds

Interest Rates

Economics

Debt

Blockchain

Politics

Entrepreneurs

China

Jobs

Asia

Australia

Infrastructure

Peer to Peer Lending

Software

Bitcoin

Cryptocurrency

Smartphone

Canada

Netherlands

Mortgages

Earnings

Environment

Germany

Private Equity

Spain

Capital Ratios

Culture

Finance

Energy

Policy

Monetary Policy

Switzerland

Megacity

Futures Markets

Banking

Currency

Egypt

United States

Personal Finance

Commodity Futures

United Kingdom

Markets

Great Britain

Government

France

Emerging Markets

Africa

Americas

Well Spent

Mobile Phones

BRICS

Materials

Consumer Discretionary

Emerging Markets Economics

Technology

Future Innovation

If you had to pick the moment when European banking reached the point of no return, which would you choose? The July day in 2012 when Bob Diamond resigned as Barclays’s chief executive officer amid the Libor rigging scandal? Or the fall morning later that year when UBS announced it was pulling out of fixed income and firing 10,000 employees? How about Sept. 12, 2010, when Basel III’s raft of costly capital requirements started upending the economics of global finance?

European Bank Nightmare Far From Over as Fines and Fintech Loom

Bloomberg subscribers can save articles and view them from any device.

Upgrade to an unlimited subscription to save articles and view them from anywhere.

Bloomberg subscribers can send up to {count} articles a month to anyone to read for free, including non-subscribers.

Upgrade your subscription to send up to {count} articles a month to anyone to read for free, including non-subscribers.

Copy article link

Hello,<p>A Bloomberg.com subscriber thought you might want to read this story. To read it, all you need to do is click on the link – no subscription necessary. (Please note the link will only be valid for {days} days.)

Email article link

Please try again. If the problem persists, please contact customer support.

Something went wrong

We've doubled your gift articles this month. Share up to {count} articles with friends, family or colleagues.

As a subscriber, you can gift up to {count} articles this month. The recipient can read the full article for free – no subscription necessary.

As a subscriber, you can gift up to {count} articles each month. The recipient can read the full article for free – no subscription necessary.