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Finance
The before-tax result of Luxembourg’s banking sector amounts to €6.205bn for the year 2022, according to the CSSF (Commission de Surveillance du Secteur Financier), the grand duchy’s financial regulator. Photo: Romain Gamba / Maison Moderne
BANKS

Earnings of banking sector before taxes, provisions up to €6.205bn

The CSSF, Luxembourg’s financial regulator, announced on 24 March key figures in the banking sector for 2022--interest margins, net banking income, and earnings before provisions and taxes have all increased.

Lydia Linna • 24.03.2023
Silicon Valley Bank, a US-based bank focused on the venture capital and startup sectors, collapsed on 10 March 2023. (Photo: Shutterstock)
BANKS

Rethink regulatory structure and ask difficult questions after SVB, say economists

Lydia Linna • 24.03.2023
Credit Suisse and UBS subsidiaries had about 500 employees each in Luxembourg as of 1 January 2022. Photo: Matic Zorman/Maison Moderne
BANKS

Collective agreement to protect Credit Suisse employees for 2 years

Kangkan Halder • 23.03.2023
Chris Allen has been group CEO of Quintet Private Bank since 1 July 2022. The bank announced a net profit for the 2022 financial year, reversing several years of losses, on 23 March 2023. Photo: Matic Zorman / Maison Moderne
BANKS

Quintet returns to profit

Marc Fassone • 23.03.2023
Spuerkeess is Luxembourg’s leading bank in home loans and electronic banking products. Photo: Matic Zorman/Mainson Moderne
BANKS

Spuerkeess agrees to explore green funds excluding gas, nuclear

Kangkan Halder • 21.03.2023
Credit Suisse employs more than 500 people in Luxembourg. Photos: Shutterstock/Montage: Maison Moderne
BANKS

UBS to buy Credit Suisse for CHF 3bn

Nicolas Léonard • 20.03.2023
Following his decision to run as head of the CSV list in the next legislative elections, Luc Frieden resigned on Thursday 16 March from the presidency of the board of directors of BIL. Photo: Romain Gamba/Maison Moderne
BANKS

Luc Frieden officially steps down as president of BIL

Léna Fernandes • 17.03.2023
Gwenaël Gavray of Avantage Reply showed Delano his office and desk. Photo: Romain Gamba/Maison Moderne
BANKS

What’s on my desk: leadership toy, tablet, company mug

Jeff Palms • 17.03.2023
Credit Suisse, one of the world’s 30 globally systemically important banks, has its headquarters in Zurich, Switzerland. Photo: Shutterstock
BANKS

Credit Suisse to borrow €51bn, offers to buy back debt

Lydia Linna • 16.03.2023
Credit Suisse has its headquarters in Zurich. Photo taken 19 April 2021. Photo: Shutterstock
BANKS

Credit Suisse shares drop on “risk of material misstatements,” Eurostoxx banks index down

Lydia Linna • 15.03.2023
Diane Pierret is assistant professor of finance at the University of Luxembourg. Her research subjects include banking, monetary policy, regulation and risk. Photo: University of Luxembourg
BANKS

Unhedged interest risk, high uninsured deposits and deregulation: key elements of SVB’s collapse

Lydia Linna • 15.03.2023
Claude Wampach is the director in charge of banking supervision at Luxembourg Financial Sector Supervisory Commission (CSSF). Wampach is pictured here attending an event for the launch of the Luxembourg Valuation Professionals Association in November 2022. Library photo: Romain Gamba/Maison Moderne
BANKS

Luxembourg banks would not face same SVB solvency issues: CSSF’s Wampach

Lydia Linna • 15.03.2023
Marcel Leyers is expected to replace Luc Frieden as president of BIL, according to Reporter. Photo: Simon Verjus/Maison Moderne/Archives
BANKS

Marcel Leyers to replace Luc Frieden at BIL

Mathilde Obert • 15.03.2023
Luxembourg’s financial sector must become more competitive, says the OGBL, after a survey by the union showed more than half of employees want to switch jobs Photo: Romain Gamba/Maison Moderne
INSTITUTIONS

More than half of finance sector employees want to switch jobs

Cordula Schnuer • 14.03.2023
Emanuele Vignoli (left) is HSBC’s Luxembourg CEO; John O’Neill (right) is HSBC’s global head of digital asset strategy for its markets & securities services business. Photos: Alexandra Dao/HSBC; provided by HSBC. Montage: Maison Moderne
BANKS

“It’s exciting to build a digital asset business which is located in Luxembourg”

Lydia Linna • 14.03.2023
Nishant Fafalia replaces Roland Ludwig as interim CEO. The announcement was made at the same time as the announcement of the annual results of Advanzia Bank. Photos: Advanzia Bank. Editing: Maison Moderne
BANKS

Advanzia Bank reports €122m profit, changes CEO

Mathilde Obert • 13.03.2023
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