ECB’s Rehn says rate path remains data dependent as energy drives inflation volatility
Europe
Turkey revokes Istanbul licence of Iran’s Bank Mellat branch
The step was taken as per Turkey’s banking law that allows licence cancellation if activity threatens financial system security.
French firm Azure Financial to buy Izola Bank stake
Revolut gains Colombian banking licence and files for Swiss approval
US sanctions VTB Bank over alleged Iranian banking ties
Germany sets conditions for UniCredit takeover of Commerzbank
UK fines Citigroup unit over Russia sanctions breaches
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