Former UBS Group AG Chairman Axel Weber will join the advisory board of Raisin, a German financial technology firm that helps savers find better rates. Weber will start in December as an adviser and board member to help the Berlin-based financial technology firm to continue to grow, Raisin said in a statement. The Financial Times reported earlier that Weber will probably lead the board. A Raisin spokesman declined to comment on whether Weber will chair the advisory board, which consists of...

(Bloomberg) -- German banking regulator BaFin said its website has only been partially accessible since Friday after a so-called distributed denial of service attack. Most Read from Bloomberg Huawei Teardown Shows Chip Breakthrough in Blow to US Sanctions Diamond Prices Are in Free Fall in One Key Corner of the Market Mercedes Bets on Range Boost in Swipe at Tesla’s EV Lead Zelenskiy Swaps Out Defense Minister in Wartime Cabinet Shakeup BaFin took security and defensive measures after the...

The European Central Bank said a review of lenders’ leveraged finance exposures showed them to be riskier than other corporate loans, underlining its scrutiny of a lucrative corner of banking. “Highly indebted borrowers are more sensitive to adverse economic developments,” the ECB said Friday in a report on a broad stress test of European banks. Read More: Most European Banks Fare Better in Key Test for Payouts For 24 banks with “material exposures” to leveraged finance, the portfolio caused...

The European Central Bank is stepping up scrutiny of lenders’ liquidity reserves and may communicate stricter requirements to individual firms later this year, according to people with knowledge of the matter. The ECB’s annual review of the risks faced by banks will likely pay more attention to the management of liquid funds, including the potential for a higher bar on key metrics such as the liquidity coverage ratio, the people said, asking to remain anonymous as the matter is private. That...

ABN Amro Bank NV reported higher-than-expected earnings for the first quarter as the Dutch bank boosted lending income and set aside less money for bad loans. The shares rose the most in three months. Net income of €523 million ($574 million) in the three months through March compared with analysts’ expectations for a profit of €372.3 million. Both net interest income and loan loss provisions beat estimates. European lenders are benefiting from being able to charge more for credit after...