European Union

Bank of America has picked Dublin to locate its main European Union hub in preparation for Britain quitting the bloc in 2019.

JPMorgan Chase CEO Jamie Dimon said European Union officials could force London-based firms to move substantially more employees abroad than planned if they demand additional banking operations be performed inside the bloc.

Interviews with entrepreneurs and techies at the Copenhagen conference.

The central bank said the legal change would allow it to fully exercise the powers laid out in a clearing proposal from the European Commission.

By the end of last year, the number of EMV chip cards in global circulation had increased by 1.3 billion from 2015 to a total of 6.1 billion, according to EMV standards body EMVCo.

Mario Draghi said the European Central Bank is closely watching blockchain innovation to ensure that its adoption around the euro area doesn’t fragment its payment systems.

Klarna, the Sweden-based online lending provider, is changing its name to Klarna Bank, part of a series of recent moves in its market underscoring the rising popularity of instant or installment financing.

Andreas Dombret, the head of banking supervision for the German central bank, talks with American Banker's John Heltman about the need for international cooperation, how blockchain changes regulation, and the difference between the German and U.S. banking systems.

Sweeping new data-sharing rules require a substantial IT revamp at large financial institutions.

Europe's Payment Services Directive, or PSD2, has almost everything a technology vendor would want. It affects an entire continent, and it involves both sweeping new data requirements and a substantial IT revamp for large financial institutions.